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Monday, January 29, 2007

INDONESIA - A Critical Over-Supply of Hotel Rooms in Bali

Balidiscovery.com, (1/27/2007)

Tempo Interaktif reports that Bali currently has a severe over-supply of hotel rooms contributing to increasingly unhealthy competition among the Island's hotels.

The Chairman of the Bali Tourism Board (BTB), Bagus Sudibya, told Tempo that average occupancies stand at only 30%, covering an estimated 52,000 hotel rooms used by the 3,000-4,000 tourist who arrive from overseas every day and stay for only 4-5 days.

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