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Colliers Quarterly Property Market Report Q2 2022 Bali Hotel

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More inbound arrivals make short-term outlook enticing

The opening of international gates has positively impacted Bali tourism. Although the increase in the number of flights has not been significant, it has at least allowed the tourism industry to start moving forward. The reviewed quarter occupancy and hotel rate edged up, catching up with their performance before the Covid-19 outbreak. Backed up with several international and national events, the tourism industry will likely gain traction going forward. We expect to see a gradual improvement in hotel performance in the second half of this year.

Having said that, hoteliers will still need to put great effort before recovery, because the pandemic had severely hit tourism. As the pandemic is slowly easing up and transitioning to a more normal state, hoteliers need to wisely implement the most appropriate strategy that relates to operating costs.



BaliHotelMarketReport_2022

Colliers Quarterly Property Market Report Q2 2022 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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