TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

Eat Pray Sell Drives Bali Hotel Villa-fication

Category: Real estate, Posted:20 Jul 2011 | 11:04 am

Indonesia's skyrocketing economic growth is propelling discretionary investment in luxury hotel branded villas, according to consulting firm C9 Hotelworks' latest research report – the Bali Hotel Branded Villa Update.

Well known hotel names including Starwood's chic W, Bvlgari, Banyan Tree and Alila adorn hospitality-led residential offerings with 222 private pool villas.
Last year's overseas arrivals to the island grew by 11%, with a new record at Ngurah Rai International Airport of more than three million. A knock-on effect has been felt in the property market with a key generator of demand has been the growth of domestic buyers mainly from Jakarta stimulating transactions across the island.
Branded hotel villa sales in Bali have outpaced regional resort destinations such as Phuket and Koh Samui.

The phenomenon of domestication and local demand for multi-million dollar properties has been historically absent from Thailand's island resorts.
According to a global wealth report by financial institution Credit Suisse, Indonesia has over 60,000 US dollar millionaires in what is Southeast Asia's largest economy.
Currently the hot ticket has been an unprecedented flood into the marketplace by condohotels with between 4,000-5,000 units currently in development or the planning stage.
In many cases the branding or integration with international management companies is a key tool in drawing investment buyers and end users.
As data in the report suggests that strong domestic interest for both smaller villas and condos, that buyers are ultimately looking at holiday usage as a prime transaction motivator.
On the marriage between hotels and real estate non traditional accommodation such as private villas and estates are increasingly becoming a competitive factor in the mainstream accommodation industry.
There are well over 1,000 upscale villas on the island where annual occupancy figures rival those of upscale hotels. Companies such as Elite Havens and the new upstart Marketing Villas Limited headed by former AsiaHotels.com co-founder Jon Stonham are gaining a significant share of luxury rentals.
Looking forward towards sustainable development in the short to medium term, key infrastructure expenditure leading up to APEC 2013 in Bali is setting the stage to stimulate demand in both the hospitality and property sectors.
Most industry experts are cautiously optimistic about Bali going forward.
Maintaining market equilibrium remains a poignant, yet unanswered question. At the back of my mind lagging infrastructure and future oversupply will most likely create volatility.
To download the full report <link>http://www.c9hotelworks.com/downloads/Bali-Hotel-Branded-Villa-Update-Market-2001-07.pdf*CLICK</link>

Other News

Read more

Project Rattan Focused On Restoring Thai Craft

Category: Tourism, Posted:20 Sep 2020 | 08:52 am If you find yourself in Bangkok from now until the end of December, you should take some time and visit Australian designer Patrick Keane’s Project Rattan exhibition at River City. Project Rattan is an exhibition of furniture design featuring Thai craftsmanship and aimed at restoring local artisans to create international level products. The exhibit is […]
Read more

Condo Hotels and TPO’s Hitting Bangkok

Category: Hotels, Posted:20 Sep 2020 | 08:47 am Bangkok’s hospitality market is set rapid growth in the emergence of condo hotels and third party management operators (TPO’s). The trend is best seen with the recent launch of The Wyndham Queen Convention Centre Hotel and Residences in Bangkok operated by Kew Green Management Company Thailand. Kew Green has seven properties in the pipeline in […]
Read more

The Hotel Business Plan – Why It Must Die (and soon)

Category: Opinion, Posted:18 Sep 2020 | 17:26 pm As I madly type away on the keyboard of my MacBook Pro, thousands of dumbstruck hoteliers across the world are slaving away in a blurring succession of days and nights in the mindless pursuit of completing an ignominious document known as The Hotel Business Plan. It’s Friday and I’m over-caffeinated, so hang on tight. Wait, […]