4Hoteliers
SEARCH
SHARE THIS PAGE
NEWSLETTERS
CONTACT US
SUBMIT CONTENT
ADVERTISING
Bali building boom causes concern.
Monday, 16th July 2012
Source : Martin Kelly
Serious concerns emerged at No Vacancy Southeast Asia that the booming Bali hotel market is headed for a crash.

Right now average hotel room rates are at all an time of US$150 but many in the industry think they will fall hard when a slew of new properties open over the next six months.

"There are 15 luxury resorts opening an easy taxi ride away from the InterContinental at Jimbaran Bay," said Mark Flower, Director, Commercial – Southeast Asia, for IHG.

"We are concerned."

Scott Blume from RajaKamar also felt Bali was headed for a room glut.

"There's too much hotel development happening in Bali," Mr Blume said.

Full story:

www.traveltrends.biz/ttn555-bali-building-boom-causes-concern
 Latest News  (Click title to read article)




 Latest Articles  (Click title to read)




 Most Read Articles  (Click title to read)




~ Important Notice ~
Articles appearing on 4Hoteliers 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.
© Copyright 4Hoteliers 2001-2024 ~ 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