In terms of natural phenomena and force majeure, Bali is subject to the following risks:
- Volcanoes. There are 4 volcanoes on the island, 2 of them are active. It is impossible to predict a volcanic eruption, but our hotel is located in a green area, at a safe distance from volcanoes.
- Earthquakes. Bali is an island located in the Pacific Ring of Fire. Earthquakes in this region are not unusual.
Earthquakes occur here periodically. The most serious of them occur in the interval of 5/10/20/50 years. The hotel is insured against this phenomenon. We were built taking into account seismic activity - our facilities can withstand magnitude 9 earthquakes.
- Pandemic. During the coronavirus, the tourist flow decreased to a minimum. The rental property niche is going through difficult times. Many objects are at zero load. Nobody is safe from such cases. However, you need to be prepared to do more effective marketing than your competitors.
- Low hotel occupancy. If it's bad to manage accounts on booking services, if you don't work with partners, if you don't focus on marketing, you won't make records for occupancy on word of mouth. Good management is the key to success.