Market signals recovery is near
The Hotel industry in the main destination area, has a brisk outlook and foresees a move in a positive direction. Bali has already welcomed foreign tourists. Quite a few countries, including Australia, have begun to open their borders and allow their citizens to return to travel. There is a likelihood that demand for accommodation has improved; this is also underpinned by Bali’s easing of quarantine policy. We expect this should contribute to the rise of hotel occupancy rate by around 10-20% by the end of 2022.
