TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Bali Villa Rental Villa Market Declines

Category: Real estate, Posted:25 Nov 2012 | 06:00 am

In the news from Bali is a story about shrinking occupancy in the villa rental sector.
Knight Frank Indonesia has published research, which indicates a 9% drop in volume for the first six months of 2012.
Citing new supply and volatile rates, most of the pressure is on large villas, especially four bedroom units.
The most popular unit type for travelers is the one bedroom, which is enjoying strong demand.
We spoke to Ian Maccaulay of the leading agency BHMVillas.com who said that increases in supply has impacted trading. Those most affected products are located in inland areas especially Canggu.
Based on their booking trends the 3-4 bedroom sector is feeling the pinch, while the ultra villas with 7 bedrooms and above remain popular given limited competition.
He added that his group is still seeing year-on-year growth in bookings which is being bolstered by a strong Australian market.

Other News

Read more

From Spas to Longevity: Phuket Evolves into a Global Wellness Tourism Leader

Category: Hotels|Real estate|Tourism, Posted:29 Nov 2024 | 08:10 am Wellness tourism is in great shape. One of the fastest growing areas of the tourism industry, the sector has grown from a niche market for committed health seekers to become a THB 219 trillion (USD 6.3 trillion) global powerhouse. At the heart of this revolution is Asia Pacific, which accounts for 30% of the worldwide […]
Read more

C9 Session Today On Phuket’s Wellness Sector for Hotels, Tourism and Real estate

Category: Hotels|Real estate|Tourism, Posted:27 Nov 2024 | 07:30 am There is still time to register for today’s C9 Session (Wednesday 27th November 2027, which will be held at the Amora Phuket Resort Bangtao. How is Longevity and a health-focused lifestyle changing the face of the wellness industry? Join us for a unique 90-minute learning session featuring experts from international medical wellness, tourism, resort and real […]
Read more

New Onyx and Equatorial JV Hotel for Kata Phuket

Category: Hotels|Real estate|Tourism, Posted:19 Nov 2024 | 09:27 am A new 180-room branded property, the EQ Phuket has been announced for Kata Beach. The property, which is located next to Club Med, was developed by a joint venture between Thailand’s Onyx Hospitality and Malaysia’s Equatorial Group. Investment into the project is THB2.5 billion (approximately USD72 million). Equatorial Group, a legacy Asian hotel group, has […]
SiaJai logo

Thailand's Leading Homecare Marketplace