by Ross Woods | Nov 5, 2019 | Blog
Yogyakarta, the capital city of the Special Region of Yogyakarta in Indonesia, continues to capitalize on the Indonesian Government’s initiative to develop ten new tourist hubs across the country, known as the “Ten New Balis”. Located approximately...
by Ross Woods | Oct 11, 2019 | Blog
The pace of hotel development in Bali has accelerated over the past five years according to data from BPS-Statistics of Bali Province’s annual Hotel Survey. Over the past five years, the number of star-rated hotel rooms has grown at CAGR of 16.3% compared to a...
by Ross Woods | Sep 12, 2019 | Blog
We are pleased to provide this updated executive summary of our report titled “Short-Term Forecasts of Visitor Arrivals to Bali, 2019-2021.” The full report can be downloaded at the end of the post. Subscribers to the report will receive a complimentary...
by Ross Woods | Aug 31, 2019 | Blog
Indonesia’s star-rated hotels across the 34 provinces hosted 103.4 million room nights in 2018, up 10.7% from 93.4 million in 2017. Over the past five years (2013-2018) the demand for star-rated hotels (room nights occupied) has grown at a robust CAGR of 16%, compared...
by Ross Woods | Aug 27, 2019 | Blog
Over the past couple of years we have used Dynamic Factor Models (DFM) to supplement the forecasting methodologies that have proven to be the most appropriate for hotel market forecasting – curve fitting, exponential smoothing, Box-Jenkins, Bass diffusion,...
