The Value of Appointing a Project Manager
December 25, 2024
An experienced project manager will manage the project process and multiple stakeholders ensuring on time completion to budget and desired quality…
Bali continues to shine as a global tourism hotspot, experiencing remarkable growth in 2024. In July, the island welcomed 625,665 international visitors, a +20.11% increase from June, highlighting its enduring appeal. According to data from the Bali Central Bureau of Statistics, released on September 2, 2024, this surge underscores Bali’s strong recovery and resilience in the global travel market.
From January to July 2024, Bali welcomed 3,538,899 international tourists, a +22.18% increase compared to the same period in 2023. Monthly growth trends show an average increase of +48.95%, with approximately 505,557 foreign visitors arriving each month. In July hotel occupancy rates climbed to 68.78%, a 5.18% increase from July 2023.
August 2024 also reflected strong growth, with 616,641 international visitors, an +18% increase compared to August 2023 while hotel room occupancy rates rose further to 70.16%, reflecting a 9.52% increase compared to August 2023.
Bali is expanding its accessibility with new routes set to open in late 2024, including flights from South Korea, Taiwan, Russia, Uzbekistan, and an extended year-round service from Air New Zealand.
In early 2024, Indonesia introduced a new online visa application system and installed automatic immigration gates (autogates) at Bali’s airport, reducing processing times to just 15-25 seconds.
Bali’s Ngurah Rai Airport is increasing its capacity from 24 million to 32 million passengers, with the first phase of the expansion to be completed by the end of 2024. Additionally, the construction of Bali’s Light Rail Transit (LRT) has begun, linking the airport with Kuta as part of the initial phase.
Data Source : Bali Central Bureau of Statistics
Bali’s thriving tourism industry spells excellent opportunities for property investors. Key investment benefits include:
Bali’s dynamic growth highlights its position as a premier global destination. The robust tourism rebound, coupled with infrastructure developments and government initiatives, solidifies its appeal for both visitors and investors. Whether you’re exploring Bali for leisure or considering property investments, the island’s opportunities are endless.
Data Source: Bali Central Bureau of Statistics
An experienced project manager will manage the project process and multiple stakeholders ensuring on time completion to budget and desired quality…
Bali is on the brink of what could be its busiest and most lucrative year ever, 6.3million international tourist arrivals in 2024. The upward trend…
Bali continues to shine as a global tourism hotspot, experiencing remarkable growth in 2024. In July, the island welcomed 625,665 international…