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Oversupply to The Fore in Bali Villas

04 November 2012

Predicting occupancies to dip by "around 9%" Knight Frank cite increasing supply, lower booking levels and an ongoing price war as all contributing to lower revenues in Bali villa sector.

The greatest competition is projected to occur in the three and four-bedroom segment of the market.

Againts the background of reduced revenues will be higher costs incurred in villa operations as trained and qualified employees to work in the villa sector are seeking and getting higher wage levels.