The Ground Truth
Research on building, funding and operating in Bali.
Long-form papers, published in full. For shorter notes, see field notes. Information only.
No. 2 · Method paper74% / 63%Bali occupancy 2025 — hotels / villa medianWhat Pink Land in Bali Should Really CostWhat should pink (tourism-zoned) land in Bali really cost?Read the paper →
No. 3 · Owner’s playbook37%GOP margin a well-run property should reachWhat Your Operator Isn’t Telling YouWhat should a Bali hotel or villa owner demand from their operator?Read the paper →
No. 1 · Market report6.95MInternational arrivals 2025 — a recordSigns of a Maturing Market, and Where Bali Is NowIs Bali a maturing property and hospitality market, and what does that mean for builders and operators?Read the paper →
No. 4 · Funding paper12.1%Advertised gross yield, illustrative exampleThe Financiable ProjectHow should a Bali development project be funded to reach completion?Read the paper →