Bali makes gains and losses

February 21, 2017 by  
Filed under News, trends

BALI, 21 February 2017: In the wake of a very challenging 2015, Bali’s average hotel occupancy increased 4% in 2016 bringing a shot of fresh air and hope, but at what cost?

The solid occupancy increases across all categories (excluding luxury) were driven by increasing foreign direct arrivals, a slowing in new hotel openings and a further slashing of rates.

Bali’s domestic market in 2016 was up 12% y-o-y to around 7.1 million and foreign arrivals also up 6% y-o-y to 4 million bringing the total to over 11 million for the first time. Read more