Market Report: Bali
By James Chappell on July 29, 2013
Horwath HTL, Asia have written a special market report in the hotel and branded residential market. The report co-branded with local specialists C9 Hotelworks is an in-depth look into Bali, including hotel performance, tourism prospects, competition, supply and demand and trends.
“BALI HOTEL AND BRANDED RESIDENTIAL MARKET UPDATE
Can island infrastructure hold the continuing record arrivals? Bali set a record high for visitor arrivals with more than 8 million visitors in 2011.
Strong domestic market growth since 2008 continues to make Bali one of the leading tourism destinations in ASEAN. With approximately 13% average annual growth rate in arrivals from 2004 to 2011, the prospects for Bali’s tourism and hotel industries are more positive than ever. The new airport expansion promises to support Bali’s ability to bring in more tourists.
With more than 8% growth in international arrivals and 22% in domestic travelers between 2010 and 2011, Bali is showing resilience to the uncertainties in Europe and the US. ”