bill barnett, managing director grand nikko bali c9 hotelworks june 6 th, 2014 the 2 nd annual...
TRANSCRIPT
Bill Barnett, Managing Director Grand Nikko BaliC9 Hotelworks June 6th, 2014
The 2nd Annual Indonesia Hotel Investment Conference 2014
urban Balia quick look into the future
our world shifted in 2008…the east became the new west
game changer
driving miss daisy
• airlift defines tourism in a profound way
• emerging markets creating mono segmentation
• influence of wholesale providers has never been stronger
• asias inter-regional tourists strong shift in travel habits – it’s no longer about the beach
• retail, attractions, shorter stays, multi-generational travel
• geo political volatility
if we build it, they will come
• tourism organizations metric for success – volume
• disconnect between centralized government policy and local governance/approvals
• domestication of hotel investment
• Strong property sector embracing hospitality
• public sector infrastructure unable to keep pace with private sector growth
asia’s beach urbanization• Bali, Phuket + others becoming cities by the sea
• transportation and jobs rewriting the map, new mini urban clusters developing
• immigration, both domestic and foreign creating an ad hoc population
• skyrocketing land prices
• property goes vertical
a culture under pressure
reality bites back
• hotel rooms have to be filled
• more hotels, more cars, more motorbikes
• culture creep will create a melting pot
• south bali will only continue to grow
• Bali is already an urban resort city
• Bali will travel where others have gone before from Waikiki to Spain and beyond
the future
• “Growth is inevitable and desirable, but destruction of community character is not. The question is not whether your part of the world is going to change. The question is how?”
Edward T. McMahon