Hotel investors and operators are showing a renewed interest in Bali as inbound tourism to the island continues to rebound strongly, according to Jones Lang LaSalle Hotels.
Mr Craig Collins, Managing Director Investment Sales Asia, commented, “Bali is red-hot at the moment. Preliminary statistics from top-tier hotels are indeed indicating a positive trend for October with year-on-year occupancy levels around 70%, and strong RevPAR (Revenue per Available Room) growth exceeding 80% for many hotels over the same period last year.”
