Trump Hotel Collection has recently announced the signing of a deal to manage a new luxury resort and branded residence in the south-western coast of Bali. Construction for the property, which is to be owned and developed by Indonesian investment firm MNC Group, is expected to begin in 2016. With 11 existing hotels and two estates in locations across the USA, Brazil, Canada, Scotland and Ireland, the new resort in Bali will be the Trump Hotel Collection’s first foray into the Asian market. As one of Indonesia’s most appealing tourist destinations, Bali saw international arrivals at Ngurah Rai International Airport surge from approximately 1.53 million visitors in 2004 to 3.39 million visitors in 2014, a compound annual growth rate (CAGR) of 8.3%, making the destination one of Indonesia’s fastest growing tourism markets. This immense demand for Bali, which has remained encouraging over the years, has drawn the interest of global and local hotels brands alike, manifesting in a hotel development pipeline of more than 14,500 rooms marketwide, between 2015 and 2019.
HVS APAC HOSPITALITY NEWSLETTER.