Hotel Occupancy in Bali Predicted To Be Down

Hotel occupancy rates in Bali is expected to experience a slight decrease, due to the large supply of new hotels. Until 2013, it's estimated there will be an additional supply of new hotel, 7.109 rooms from
a total of 41 projects which is currently being built.

Thus the exposure result of property consultant Knight Frank, in a press release, Friday (20/2/2012).

Of the total supply, a number of 4.805 rooms or 63.4 % to be operational in 2012. This year's supply of 5-star hotel take the largest portion, which is 36 percent, followed by 4 and 3-star respectively amounted to 32 and 31.

"An attempt to do the renovation of the old hotel to make it more competitive will continue along with increasing the supply of new hotels," said Hasan Pamudji, Senior Research Manager for Knight Frank.
However, along with the economic growth in Indonesia, Bali remains a tourist destination and attraction for local and foreign tourists, especially from the countries in the Asia Pacific region.


From the overall supply of new hotels until next year, the 4-star hotel recorded still dominate the market share amounted to 41,1%, followed by the 3-star and 5-star respectively by 31% and 27,8%.

In the meantime, hotel room rates predicted would rise about 5 - 10 % to anticipate the increase of the electricity tariff which is the largest operating cost.

For the dissemination of supply during the year 2012-2013, Kuta noted an amount of biggest supply, of 1.542 rooms, generally dominated by the 3-star hotel, with a portion of 48,8%. Nusa Dua area is still dominated by the 5 star hotel of 66.1 % of the total new supply of included 1.033 rooms.

While the 4-star hotel in Sanur and Legian dominate the new supply each of them 725 rooms and 326 rooms.



source : http://travel.kompas.com/read/2012/02/21/06554815/