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Bali Sees Regional Shift

Category: Tourism, Posted:26 Sep 2014 | 06:00 am

As Phuket continues to revel in the dynamic duo market's of Mainland China and Russia, Asia's other leading resort destination Bali has seen a regional twist.
As per online news source BaliDiscovery.com 90% of total foreign arrivals for the period of January through July this year were regional.
With just over 2 million visitors through the period, if momentum is maintained the Bali could hit 3.8 million overseas arrivals by year end.
Top Asian growth markets are China, Malaysia and Singapore.
Australia is considered to be a regional market with over 500,000 first half arrivals this year.

Other News

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New Phuket Hotel Market Update 2024 Report From C9 Hotelworks

Category: Hotels|Tourism, Posted:17 Apr 2024 | 19:06 pm Phuket’s tourism industry is undergoing an ongoing rebound, with last year’s airport passenger arrivals edging towards pre-pandemic figures according to C9 Hotelwork’s Phuket Hotel Market Update 2024. While hitting 7 million, it was still short of the 9 million mark set in 2019. This year the trend is continuing with 1.62 million arrivals to date […]
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Delving Into the Real Estate Rental Landscape of Phuket

Category: Opinion|Real estate, Posted:16 Apr 2024 | 09:39 am Given the backdrop of a booming Phuket real estate sector, one area that is often overlooked is the rental market. Despite a vibrant vacation short-stay segment, there remains a strong demand for extended and long-stay rentals across the island. Rental demand coming out of the COVID19 pandemic experienced sustained uplift and has continued to perform […]
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Inside the Numbers. The Potential of a Phuket Property Bubble

Category: Real estate, Posted:13 Apr 2024 | 13:12 pm One of the most common questions I am asked these days is about a potential Phuket real estate bubble. While it’s a popular buzz term, so many who ask the question don’t understand what a bubble is. The most notable real estate bubble in recent history was the subprime housing crisis in the United States […]
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