Bali hotel performance
STR | April 1, 2021
Indonesia finished 2020 in similar shape as its regional peers. Domestic demand was strong enough to lift hotel occupancy from pandemic low points but not sufficient to overcome the void in international travel. As Indonesia moves through the early part of 2021, the impact from lost international demand is most obvious in Bali, which continues to trail the country’s regional markets in the recovery process. Aside from a Singapore occupancy level lifted by quarantine demand, Indonesia was right in line with other Asia Pacific countries at 36% for the year.Business was worse in Bali, however, with occupancy hanging below 20% for much of th...
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