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Property Market Report | Q1 2020 Bali Hotel

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Hospitality 1536x1040

Bali lost 96% of its market from China due to the COVID-19 outbreak. China was amongst the top three markets to frequent Bali. From January to February, both occupancy and room revenue plummeted, albeit still in line with seasonal patterns. However, March saw a substantial drop in both AOR and ADR with early signs like the closure of hotel operations and a very special discounted rate for staycations.

To sail through the hardship, efficiency is the key and a chief measure is cutting operating costs. We have witnessed some hotels implementing this by closing down facilities that are not performing and by activating only certain floors occupied by guests to reduce the use of energy.


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Property Market Report | Q1 2020 Bali Hotel

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Ferry Salanto

Senior Associate Director

Research

Jakarta

As Head Research Department, Ferry is in charge in providing property market knowledge for internal purposes and for clients. The scope of sectors covered in the quarterly market report comprises office, apartment, retail, hotel and industrial estate.

In regional tasks, the Heads of Research of each country work together in providing regional market reports covering the Asia Pacific region and globally. Currently Research Department is not only operating as a cost-centre department, as he and his team have been assigned by the Central Bank to provide monthly market information.

On the consulting front, the task involves providing a wide range of advisory services to our clients. Working closely with Consulting Department, we help clientsby preparing feasibility studies to determine whether their property projectsare viable from both financial or marketing aspects. 

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Nurul Yonasari

Senior Research Executive

Research

Jakarta

Nurul joined in the property industry since 2013. Experienced as property research for five years. Have a special interest in hospitality and tourism industry.

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