Hospitality businesses in Bali are among the best options for investors in 2015 as rising tourist numbers to the island are set to boost hotels revenue, said property services firm Cushman & Wakefield.
The firm said Bali will see a 4.9 percent increase in revenue per available room this year to $105 and an 8.4 percent increase in average daily rate to $165. The revenue growth rate was higher than the rate in Kuala Lumpur, Beijing, Hong Kong, Melbourne, Singapore and Seoul. Bangkok offers a 16 percent increase in revenue, as its hospitality business recover from last year military coup.
“The outlook for Bali remains optimistic in light of the robust growth in international arrivals,” Cushman & Wakefield’s report “Hotel Views 2015,” said.
The report said tourists from Australia, China, Malaysia and Singapore had driven arrivals of 1.7 million in the first half of 2014 to Bali.
Foreign tourist arrivals at Bali’s Ngurah Rai International Airport grew 15 percent to 3.4 million in the January to November period from the same period the year ago, data from the Central Statistics Agency (BPS) showed.
“Strong fundamentals with expectations of a rising domestic middle class and the continuing expansion of low-cost-carrier options continue to benefit Bali with its improved transport infrastructure and convenient proximity to major urban centers across Indonesia, South-East Asia and Australia,” the report said.
Bali Offers Robust Growth for Hotel Investors - The Jakarta Globe
The firm said Bali will see a 4.9 percent increase in revenue per available room this year to $105 and an 8.4 percent increase in average daily rate to $165. The revenue growth rate was higher than the rate in Kuala Lumpur, Beijing, Hong Kong, Melbourne, Singapore and Seoul. Bangkok offers a 16 percent increase in revenue, as its hospitality business recover from last year military coup.
“The outlook for Bali remains optimistic in light of the robust growth in international arrivals,” Cushman & Wakefield’s report “Hotel Views 2015,” said.
The report said tourists from Australia, China, Malaysia and Singapore had driven arrivals of 1.7 million in the first half of 2014 to Bali.
Foreign tourist arrivals at Bali’s Ngurah Rai International Airport grew 15 percent to 3.4 million in the January to November period from the same period the year ago, data from the Central Statistics Agency (BPS) showed.
“Strong fundamentals with expectations of a rising domestic middle class and the continuing expansion of low-cost-carrier options continue to benefit Bali with its improved transport infrastructure and convenient proximity to major urban centers across Indonesia, South-East Asia and Australia,” the report said.
Bali Offers Robust Growth for Hotel Investors - The Jakarta Globe
