Luxury Villas Property real estate vacation rental villas‘Tis the season, or rather, nearly so. The Christmas/New Years’ period is one of the island’s two tradition Peak Seasons (the other being August). Looking at the number, 2006 is shaping up to be an excellent year. While it is doubtful Elite Havens will exceed the record 2005 performance, we will get very very close.
The strength of the seasonal bookings is consistent with the way the market here has firmed up across 2006. The first Quarter put on a very poor showing, but things began to bounce back in Q2; by Q3 things were moving at an excellent rate.
Looking forward, the first Quarter of 2007 is already showing signs of out-perfoming the same period in both 2006 and 2005. We’re keeping our fingers crossed, but the Bali market seems to be very resilient to disruption — particularly at the luxury end of the market where we tend to focus all our activities.
The trends hold true both for our agency business (Elite Havens) and our wholesale business (BHM). But, in all fairness, BHM’s gains are also partially attributable to the increase in inventory in 2006 — we’ve basically doubled the size of the catalog — and to the increase in the number of agents in our network.
Rentals is not the only group that is doing well as we move through the last Quarter; Sales enquiry volumes are up. The sales market is complex and there are a variety of factors at work here. Certainly, though, we’re getting a boost from our new sales website, www.EliteHavensSales.com, which began generating a phenomenal number of page views right out of the gate (over 1,000 pages a day in its first month — amazing).
Adding it all up, I can’t help but reach the conclusion that Bali villas, Bali vacations and Bali properties are hot again. I plan to sit back, be merry and enjoy the season.