Return to our Home page Search
Click here for the hotel and hospitality news from around the globe Hotel, Travel and Hospitality Articles Videos and in-depth Interviews
CONCIERGE DESK
Read more now
Read more now
Read more now
Bali's room rates holding but for how long?
Thursday, 19th December 2013
Source : Martin Kelly
 

Hotel rates continued to increase in Bali despite a growing imbalance between supply and demand.

But the good times are almost certainly coming to an end with increasing evidence that 2013 will finish soft for hoteliers, according to the latest Bali Hotel Update from C9 Hotelworks and Horwath HTL.

"With a massive increase in supply there are going to be gong to be both occupancy and rate pressures in Bali over the coming years," the reports says.

"Market wide, Bali hotels have shown consistently great rate growth, 8% annually on average between 2008 and 2012.

But occupancy "has fluctuated, struggling with the high amounts of new hotels opening on the island.

Occupancy fell below 70% for the year to June 30 down 4% while average daily rate increased USD5 for the same period to just above USD150.

Full story

~ Important Notice ~
Articles appearing here contain copyright material. They are meant for your personal use and may not be reproduced or redistributed. While 4Hoteliers makes every effort to ensure accuracy, we can not be held responsible for the content nor the views expressed, which may not necessarily be those of either the original author or 4Hoteliers or its agents.

Learn more about DigiJames - in room technology
Advertisment  
 Related News  (Click title to read article)
Interesting times ahead for Bali hoteliers
Top 20 most popular destinations for Chinese tourists revealed.
Visa facilitation can create millions new jobs in the APEC economies.
Today's modern guests want life experiences not luxuries.
 Latest News  (Click title to read article)
Enriched Amadeus hotel marketplace drives agencies' profitability
Wednesday, 23rd April 2014

NH Hotel Group buys out JV's stake in NH Italia
Wednesday, 23rd April 2014

News from around the EMEA region, April 23
Wednesday, 23rd April 2014

Singapore Resort and Spa Sentosa to be managed by Accor
Wednesday, 23rd April 2014

SearchPRO helps hoteliers rise to the top of search engines
Tuesday, 22nd April 2014

© Copyright 4Hoteliers 2001-2014 ~ unless stated otherwise, all rights reserved.
You can read more about 4Hoteliers and our company here

Use of this web site is subject to our
terms & conditions of service and privacy policy