Upsurge in Domestic Visitors to Bali in 2018 – 12.9 M Forecast for 2023
The number of domestic visitor arrivals in Bali is forecast to grow to 12.9 million by 2023 according to our latest univariate forecasting efforts. The number of domestic visitor arrivals in Bali surged to almost 9.8 million in 2018, up 11.7% compared to the previous...
Significant Growth in Indonesia’s Star-Rated Hotel Supply 1985-2018
With tourist arrivals almost doubling over the past five years, growing from 8.8 million in 2013 to 15.8 million in 2018, Indonesia's star-rated hotel supply has experienced a dramatic expansion over the same period. Driven by the growth in inbound visitor arrivals...
Outperforming a Given RevPAR Index
Many hotel investment strategies involve targeting specific types of hotels in high-growth markets. Some involve matching a given RevPAR index such as STR's Top 25, total US or total Upper Upscale hotel market. Many hotel investors focus on what they believe are...
Demand for New Loans for the Accommodation and Food & Beverage Sector Grows in Indonesia
According to the latest Banking Survey1 (4Q 2018) conducted by Bank Indonesia, the weighted net balance (WNB) of new loans for the accommodation and food & beverage sectors jumped to almost 60% in the final quarter of 2018, the highest it has been since 4Q2011...
Singapore’s Inbound Visitor Market Grows in 2018 and its Hotel Industry Turns the Corner
Singapore's international visitor market, which continues to be dominated by visitors from China and Indonesia, grew by 6.2% to 18.5 million in 2018, according to data released by the Singapore Tourism Board. Visitor arrival growth rates varied widely for Singapore's...
China & Australia Continue to Dominate International Visitor Market for Bali in 2018
China and Australia continue to dominate the international visitor market to Bali as illustrated in the graph below. While the number of Chinese visitors fell 1.8% from 1,385,850 in 2017 to 1,361,512 in 2018, the Chinese market accounted for 22.4% of all international...
Defying Gravity – Real RevPAR for the U.S. Lodging Industry Continues to Peak
"Stable (albeit Decelerating) Fundamentals", "U.S. Hotels to Peak in Mid-2020", "Good Enough: 2019 Setting Up to be a Replay of 2018" and "Outlook for 2019 is Positive But With Plenty of Bumps" are just some of the headlines providing a range of sentiments for the...
The Growth of Star Rated Hotel Room Demand by Indonesian Province & Star Rating 2012-2017
Indonesia’s star-rated hotels across the 34 provinces hosted 93.4 million room nights in 2017, up 16% from 80.4 million in 2016. Over the past five years (2012-2017) the demand for star-rated hotels (room nights occupied) has grown at a robust CAGR of 24.7%, compared...
Selecting and Targeting Hotel Markets
What are the best hotel markets? We are frequently asked, “What are the best hotel markets?” To which we normally reply, “What do you mean by best?” For some it may mean the markets likely to deliver the highest capital appreciation over the next five years, and for...
Indonesian Hotel Property Prices Tick Upwards After Slump in Late 2017, Early 2018
Commercial Property Price Indices Indonesia currently has the largest construction pipeline for hotels/rooms in South-east Asia. According to a recent report from Lodging Econometrics, Indonesia, with 400 projects/67,977 rooms accounts for 23% of Asia Pacific’s total...