TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Bali Villa Rental Villa Market Declines

Category: Real estate, Posted:25 Nov 2012 | 06:00 am

In the news from Bali is a story about shrinking occupancy in the villa rental sector.
Knight Frank Indonesia has published research, which indicates a 9% drop in volume for the first six months of 2012.
Citing new supply and volatile rates, most of the pressure is on large villas, especially four bedroom units.
The most popular unit type for travelers is the one bedroom, which is enjoying strong demand.
We spoke to Ian Maccaulay of the leading agency BHMVillas.com who said that increases in supply has impacted trading. Those most affected products are located in inland areas especially Canggu.
Based on their booking trends the 3-4 bedroom sector is feeling the pinch, while the ultra villas with 7 bedrooms and above remain popular given limited competition.
He added that his group is still seeing year-on-year growth in bookings which is being bolstered by a strong Australian market.

Other News

Read more

Phuket’s World Class Creative Mad Metal Men

Category: Tourism, Posted:15 Jan 2021 | 09:15 am The Underwood Art Factory with its crazy, cool, innovative metal sculptures and fabrication is one of the island’s best global exports to some of the leading design hotels around the globe. Founder John Underwood’s long-term work with renowned design guru Bill Bensley has seen his work showcased in countless iconic locations and properties. The Underwood […]
Read more

Travel Between Bangkok and Phuket Without Quarantine Allowed

Category: Tourism, Posted:13 Jan 2021 | 10:40 am There is currently a lot of confusion on whether travel between Phuket and Bangkok is allowed, and whether a 14-day quarantine is required. The Phuket Covid-19 Information Centre have posted in Thai language only that temporary visitation is allowed (not more than 14 days). Those coming from the maximum controlled areas, high-risk areas and four […]
Read more

Is A Forced Closure Order For Phuket Hotels Needed?

Category: Hotels, Posted:10 Jan 2021 | 18:18 pm On Saturday 9th January a new order from the Phuket governor that requires a 14-day quarantine for arrivals from Thailand’s ‘red zone’ areas has thrust the island’s hotel and tourism sector into unknown territory. The impact over the past week, post-New Year on travel to the island has methodically ground down airlift to the point […]