With Christmas and New Year’s just around the corner, Bali, the world-famous island destination in Indonesia, is preparing for an unprecedented number of tourists. The Indonesian Ministry of Transportation predicts that over 107.63 million people, which is nearly 40% of the national population, will travel domestically during the Christmas and New Year period.
This is a significant increase from the previous year, with Bali expected to be a prime destination. About 45% of these travelers are expected to visit Bali, resulting in a busy holiday season for the island.
Increasing flight and accommodation prices
The travel industry is anticipating a surge of tourists, which has already caused noticeable fluctuations in flight prices to Bali. As demand increases, some flight prices have skyrocketed, while others have seen significant discounts, especially with Black Friday deals and more flights available from airlines such as Garuda Indonesia.
This trend is not limited to air travel; prices for accommodations in popular areas like Canggu, Seminyak, Ubud, Sanur, and Uluwatu are also on the rise. The surge in prices reflects the heightened demand for these prime locations, which are known for their picturesque landscapes, vibrant culture, and luxurious amenities.
Golden opportunity for property owners in Bali
The upcoming holiday season presents a lucrative opportunity for property owners in Bali. Due to the high influx of tourists, coupled with the celebratory atmosphere and rising accommodation prices, they have the potential to earn higher rental incomes.
If you own properties in sought-after areas, you can capitalize on this demand by offering your properties for short-term holiday rentals. The festive days, characterized by widespread celebrations and a joyous mood, are particularly opportune for maximizing your rental earnings.
Owners of villas, guesthouses, and apartments located in Bali’s tourist hotspots should get ready for an increase in demand by ensuring that their properties are well-maintained, adequately furnished, and equipped with amenities that cater to the needs of holiday-goers. To attract a larger number of guests looking for a memorable holiday experience, it is recommended to market these properties effectively, possibly by offering festive discounts or packages.
