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Hyper Inflation Hits Bali Hotels

Category: Hotels, Posted:04 May 2013 | 08:33 am

With Indonesia reeling in political gyrations over the rollback of the government's fuel subsidy, Bali hoteliers are increasingly concerned over mounting hyperinflation
I was on the resort island this week and many executives are talking about harsh double digit rises to hotels two largest expense items – labor and energy costs.
At the same time the government is moving toward nation-wide cuts on electricity and the highly publicized fuel subsidy program which cost a reported USD23 billion annually.
For hotels, trying to offset the surging costs by raising room rates looks to be doubtful given a large-scale influx of new hotel rooms.
On the hotel investment front, a global decrease in coal prices which has been magnified by China's reduced consumption is creating some waves by developers who are active in both natural resources and hospitality assets.

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The Aussies Are Coming

Category: Hotels|Tourism, Posted:22 Jan 2022 | 14:53 pm For Phuket hotel sales and marketing teams, the go-to-market has been Russia during the height of the winter snowbird season. With March fast approaching and Thailand’s approval of a revised Test & Go program from the beginning of February, hoteliers are looking at the vast void of the second quarter of the year. Certainly, domestic […]
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Patong Hotel Conversion For Banyan Tree’s New HOMM Brand

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