TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

Hyper Inflation Hits Bali Hotels

Category: Hotels, Posted:04 May 2013 | 08:33 am

With Indonesia reeling in political gyrations over the rollback of the government's fuel subsidy, Bali hoteliers are increasingly concerned over mounting hyperinflation
I was on the resort island this week and many executives are talking about harsh double digit rises to hotels two largest expense items – labor and energy costs.
At the same time the government is moving toward nation-wide cuts on electricity and the highly publicized fuel subsidy program which cost a reported USD23 billion annually.
For hotels, trying to offset the surging costs by raising room rates looks to be doubtful given a large-scale influx of new hotel rooms.
On the hotel investment front, a global decrease in coal prices which has been magnified by China's reduced consumption is creating some waves by developers who are active in both natural resources and hospitality assets.

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