Market Update: Bali Hotel & Hotel Residences – By Matt Gebbie

Horwath HTL

Bali’s Mt. Agung’s awakening in Oct final year combined doomsday tellurian news headlines. In what had been adult to that point, a record environment year, unexpected had hoteliers scrambling to fill bedrooms and going into repairs control.

The Bali Hotel  Hotel Residences Market Update takes a vicious demeanour during a trade impact of a eventuality and some-more importantly takes a useful perspective of a changing tourism landscape of a Island of a Gods. As China grabs core theatre from a bequest Australian core general market, find out what’s inside a rebound behind and what to design in 2018.

And afterwards there were few…

Like a worshiped Agatha Christie novel ‘And Then There Were None’ where visitors flocked to Soldier Island with such consternation and excitement, Bali entered Q3 2017 on a high as droves of visitors flocked to a Island of a Gods.

Increasing moody connectivity, visa-free policies and toned- down supply expansion over a final year led to glorious opening opposite a market. YTD Oct 2017 RevPAR opening was adult 7% compared to a same time final year, on a behind of healthy ADR and occupancy growth.

China took over as a series one unfamiliar tributary marketplace for Bali, leading Australia and flourishing by a whopping 59% per YTD Sep 2017 figures.

Just when all seems to be fine, alas, inlet played a better hand. Mt Agung awoke and rumbled causing concerns and afterwards eventually erupted promulgation waves of panic opposite a island and shutting down Ngurah Rai International Airport for a few days. Though a airfield has given re-opened and flights have resumed operations (even China flights in early Jan due to Chinese supervision transport warnings, PLEASE let this be a doctrine to destinations seeking and apropos reliant on one source market!), disturbed travellers cancelled year-end and New Year trips to Bali.

The media did all it could to stoke a fear fire, but any goal I’m sure, stuffing a 24-hour coverage liberally regulating terms such as mass evacuation, imminent eruption, tellurian meridian impact etc. As a rise holiday deteriorate loomed, Bali was a ghost-town – mirroring Soldier Island – visitors disappeared… 

Click here ( Adobe Acrobat PDF file) to download a finish article.

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