Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Room for more Rooms?
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Room for more Rooms?

Soaring Hotel Investment in Indonesia


Bali News: Indonesia, PHRI, Indonesian Hotel and Restaurant Association, Wiryanti Yanti Sukamdani, PHRI, National Bureau of Statistic, BPS, hotel capacity, hotel investment, average occupancy rates
Click Image to Enlarge

(12/9/2012)

The Indonesian Hotel and Restaurant Association (PHRI) has recorded US$800 million in new hotel investments in 2012, an increase of 229.2% over 20122 when US$243 million in new hotels were built.

The chairperson of PHRI, Wiryanti (Yanti) Sukamdani told Bisnis.com that the high rate of new investment underlines the currently bright prospect of the hotel business in Indonesia.

Budget and three star hotels, a trend expected to continue through 2013, have dominated investment in new hotels in 2012.

PHRI counts 13,000 hotels nationwide hosting 240,000 rooms. That number is expected to increase between 10-20% in 2013.

Yanti warns that her association is counseling caution in the future to avoid problems of oversupply in the hotel market. While she sees many areas of Indonesia as still in dire need of more hotel rooms, locations such as Jakarta and Bali are operating at capacity levels. For this reason, PHRI is urging the government to work together with their association in deciding whether or not to grant permits for new hotel projects. The organization of hotels and restaurants is also lobbying that all new accommodation projects become members of PHRI before actual construction begins.

The National Bureau of Statistics (BPS) recorded average hotel occupancy of 54.90% nationwide in October 2012, an increase from the 54.87% recorded in the same month one year before. The highest occupancy levels in October were recorded in Bali (65.80%), followed by Lampung, South Sumatra (65.80%) and Yogyakarta (62.43%).


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Amazing Grace
Grace Jones to Perform in Bali October 8, 2016
(7/29/2016)
Vanishing Stripes
Bali Safari and Marine Park Celebrates World Tiger Day to Warn the World of a Disappearing Species
(7/29/2016)
Bali to Remain Rainy Until End of Year
El Ninaís Impact on Baliís Weather Predicted to Persist Until End of 2016
(7/29/2016)
Indonesia Executes Four
Only Four of Previously Announced 14 Narcotics Prisoners Shot by Firing Squad in Central Java
(7/29/2016)
Russian Loses Battle with Indonesian Military
Russian Tourist May Face 7 Years in Prison for Robbing an Ungasan, Bali Moneychanger
(7/29/2016)
These Streets are Made for Pedestrians Denpasar Officials Seek to Keep Sidewalks Clean of Street Ven
Pushcart vendors (Pedagang Kaki Lima - PKL) who circulate Baliís capital of Denpasar are blamed for causing dirty streets, traffic jams and a host of other social ills.
(7/29/2016)
Shot with a Camera and a Gun
Police Shoot Kuta, Bali Thief After Theft from Tourist Caught on CCTV Camera
(7/29/2016)
Bali by Ancient Books
Traditional Lontar Exhibition at Hatten Wine Building August 4 Ė 7, 2016
(7/29/2016)
The Toast of Bali
St. Regis Bali Kayuputi and Lagunaís Arwana Cited by Wine Spectator Magazine
(7/29/2016)
Are you on the Run?
More than 1,500 Participants Expected at Herbalife Bali International Triathlon August 14, 2016
(7/25/2016)
Death at Double Six Beach
Canadian Presumed to Have Drowned Off Double Six Beach in Bali
(7/25/2016)
Danish Tourist Dies on Tour
Danish Tourist Dies of Apparent Heart Attack While Touring Baliís Rice Terraces
(7/25/2016)
All [News]!