New Bali Hotel and Branded Residences Report Released
C9 Hotelworks and Horwath HTL have released a report on Bali Indoneisa covering tourism, hotels and property.
Despite travel warnings most notably in China, Mount Agung’s continued explosive activities and Lombok’s earthquakes, Bali weathered the storm in 2018 although with slower growth after two years of double-digit growth in international arrivals.
Within the next 5 years, Bali is expected to add approximately 7,000 rooms, with about 80% of the rooms being 3 and 4-star, in line with the greater mass-market dynamic.
The hotel residence market remains flattened. With over 4,000 hotel branded residence units on the market for sale, developers have been pushed to offer a higher owner’s revenue share and the choice of high guaranteed return.
To read and download the report CLICK