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MLO Canggu Avocado Report NO APP

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In addition, the significance of investors in the area has been<br />

noted as well with interviewees stating that five years ago was the<br />

point where rapid investments started taking place (Panama 2019,<br />

Indonesian Tapas & Bar, 2019). In addition, it was noted that the<br />

vast majority of these come from foreign investors and their<br />

interest in <strong>Canggu</strong> is only growing (Deus, 2019; Gado Gado, 2019;<br />

Manggis, 2019; Panama, 2019). As a consequence, it can be<br />

deducted that some businesses have expanded into offering more<br />

than one product/service. This is a current trend and the growing<br />

demand of visitors coming to <strong>Canggu</strong> can be justified as a reasons<br />

why businesses have made this decision.<br />

What is more, as mentioned beforehand, one of the trends<br />

currently present in <strong>Canggu</strong>, is the healthy lifestyle. Bearing this<br />

trend in mind, <strong>MLO</strong>s have adapted (or are planning to adapt) to<br />

the needs and wants of the market segments. This is done by, for<br />

example, adhering the preferences in terms of menus including<br />

vegetarian and vegan – friendly dishes (Como, 2019; Deus 2019;<br />

Vault, 2019).<br />

Along with this trend, businesses have acknowledged the need to be<br />

environmentally sustainable. This is evidenced by organisations<br />

switching to alternatives of using plastic, and instead switching to the<br />

use of non-plastic materials (Como, 2019; Deus, 2019; Indonesia Tapas<br />

& Bar, 2019; Elora Hardy Design Architect, 2019; Finns Beach Club,<br />

2019; Lalasa Villas, 2019, Panama Restaurant, 2019, Thurman, 2019;<br />

Tropical Nomad Co-Working Space, 2019). It is worth to note that<br />

sustainability is not only related to reducing the use of plastic materials,<br />

but also recycling (Tropical Nomad Co-working Space, 2019), the use of<br />

solar power instead of electricity (Tropical Nomad Co-working Space,<br />

2019), and controlled growth and development (Como, 2019; Lalasa<br />

Villas, 2019; Tropical Nomad Co-working Space, 2019).<br />

Moreover, a major development in term of markets noticed by the vast<br />

majority of interviewed representatives of <strong>MLO</strong>s was the substantial<br />

growth of the Russian market segment (Deus, 2019; Indonesian Tapas &<br />

Bar, 2019; Koa Surfer Hotel, 2019; Lalasa Villas, 2019; Thurman, 2019;<br />

Vault, 2019). Apart from Russians, some <strong>MLO</strong>s have noted the potential<br />

increase in the number of visitor arrivals from China, as sophisticated<br />

individual travellers rather than the traditional Chinese tour packages<br />

(Gado Gado, 2019; Alilla, 2019; Lalasa Villas, 2019, Manggis, 2019).<br />

These two markets are of substantial importance, largely due to the fact<br />

that, as noted by UNWTO, these two markets, represented by Russia<br />

and Chinese respectively, occupy the positions within the top 10 tourists<br />

with the largest expenditure. More specifically, the Chinese market<br />

segment takes the lead as the number one market segment in terms of<br />

expenditure, while the Russian occupies the eight position (China<br />

Daily.com, 2018).<br />

17

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