THE recovery of hotel occupancy in Bali has experienced a gradual increase from both domestic and foreign tourists. Ahead of the international G20 Summit, at least 3 hotels in Bali have been completed.

Based on the Colliers report, although there were no new hotel openings in the third quarter of this year, Bali had previously added a supply of 298 rooms. This additional supply occurred in the second quarter.

Meanwhile, 3 hotels in Bali that will be completed throughout 2022 include Aloft Hotel Kuta Beach with the addition of 175 rooms. This four-star hotel is located on Jl. Kuta beach.

Furthermore, the five-star Jumeirah hotel is located in Pecatu Indah Resort, Jimbaran with a supply of 123-room units. In addition, a new five-star hotel that is projected to be completed by the end of this year is Kimpton Resort Nusa Dua, which is located on Jl. Nusa Dua with the addition of 50-room units.

Colliers projects that the hotel industry in Bali will experience a 10-20% increase in occupancy by the end of 2022. This is triggered by a series of G20 events and a number of international events held on the Island of the Gods.

The performance of hotels in Bali will increase which is also driven by the easing of travel rules related to vaccines, PCR tests and quarantines, as well as the opening of borders for foreign tourists. On the other hand, according to a report by property consultant Jones Lang LaSalle (JLL) Indonesia, Bali has welcomed 617,900 international tourists, representing 60% of the 1.5 million targeted for 2022.

As of the third quarter of 2022, Bali has a supply of 44,871 hotel rooms. Meanwhile in September, the occupancy rate reached 33.4%, an increase from the previous quarter of 24.3%.

It is known that the income obtained from room occupancy or RevPAR as of September 2022 is IDR2.7 million. RevPAR’s growth this year is seen to be significant, supported by room rental costs that continue to increase.

Vice President, Investment Sales Asia, JLL Hotels & Hospitality, Julien Naouri, said that until September 2022, Indonesia had recorded hotel transactions of US$174 million or IDR2.76 trillion. JLL estimates hotel transaction volume will reach US$300 million by 2023. [ special]