The hospitality sector received a lukewarm indicator
A resort-type hotel would be more sustainable than a business-type hotel because people will still spend money for holiday after being impeded by many restrictions, and Bali remains as a main holiday destination. The chief parameters to highlight the recovery of the hotel market in Bali include the gradual increase in both domestic and foreign visitors, occupancy, and daily room rates. If the scenario of a global recession in 2023 proves to be right, pressure is set to mount on the hospitality industry, possibly in 2023; however, we still believe that Bali will explore its capacity to perform better and that travellers will still spend money on vacations, at least until the end of 2022.
What should be of concern is that the tourism industry adheres to the fact that this industry has not yet fully recovered. Travellers and tourists are still price-sensitive, and any services should meet their high expectations. Hotels should consider giving them more value for what they have spent. Therefore, improving the occupancy level is a higher priority than adjusting the room tariff.
What should be of concern is that the tourism industry adheres to the fact that this industry has not yet fully recovered. Travellers and tourists are still price-sensitive, and any services should meet their high expectations. Hotels should consider giving them more value for what they have spent. Therefore, improving the occupancy level is a higher priority than adjusting the room tariff.
