Indonesian Hotels Shift Focus from MICE to FIT Market Amid Reduced Government Budgets and Low Demand
📈 In 2023, Indonesia's MICE budget cuts led Bali hotels to slash rates for public channels, impacting market perception. A panel in Bali highlighted the need for clear hotel USPs to remain competitive. During low seasons, domestic travelers are price-sensitive, while long-haul travelers book earlier. The emphasis is on using data, market trends, and strategic segmentation to optimize rates. Collaborating with marketing can drive long-term business without resorting to panic pricing or frequent last-minute discounts.
Share
