The IMF-World Bank Annual Meeting held in October definitely boosted hotel performance in Bali, albeit in a short period. During the transition month (November) prior to the holidays, the monthly occupancy was deeply corrected but anticipated to normally recover at the year-end. Room prices were generally still suppressed in 2018, as the markets are still heading toward stability.
The more regulated number of hotel supply going forward will help support a healthy market condition in Bali. The local government should take measures to control new permits and justify the current competition and performance in one area. The involvement of all of Bali’s tourism stakeholders in accelerating event or other activities will help fuel the industry.