Bali is preparing to host the International Tourism Investment Forum conference at the end of July. The event is designed for tourism stakeholders to come together to talk about how, when, where, and why investment should be utilized in the tourism sector.
While the conference itself might not bring immediate excitement to holidaymakers, the outcomes certainly will be.
Speaking at a launch event for the International Tourism Investment Forum earlier this week, the Indonesian Minster for Tourism and Creative Economies shared his insights about the future of tourism investment in Bali.
Minister Uno said that the event is an opportunity for business leaders and stakeholders to come together in Nusa Dua in Bali to discuss green investment.
The event, which is being run in partnership with the Indonesian Chamber of Commerce and Industry (Kadin), will be held at the Merusaka Hotel in Nusa Dua on the 26th and 27th of July.
Minister Uno has said, “Tourism needs 3A, Accessibility, Attractions, Amenities. This facility needs support from Kadin to invite investors to build completeness and supporting infrastructure for tourism.”
“We are developing this green economy; we are accelerating it to make a breakthrough in quality and sustainable tourism.”
He added, “ITIF 2023 will be a forum for discussion regarding opportunities and challenges in implementing green investment to encourage sustainable tourism development globally in Indonesia.”
Minister Uno’s sentiments were echoed by the Chairman of the Indonesian Chamber of Commerce and Industry, Triawan Munaf, who said the country must explore “how can we generate interest from international and local investors to invest in Indonesia, which is increasingly attractive.”
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The event is part of the United National World Tourism Organization programming, and according to the official website, the forum will consist “of a series of talk shows that will discuss significant topics related to the bottleneck issues and initiatives that have been taken on promoting sustainable tourism projects and the readiness of green investment.”
Leaders in Bali have been open about their desire to move towards a more sustainable and high-quality tourism model. Bali’s Governor Koster has a clear mission to preserve and celebrate Balinese culture and heritage.
He is drafting a series of new policies that will introduce a tourism tax to all international arrivals on the island, as well as formally banning all activities on all mountains on the island.
The Governor also wants to see increases in the fees for the visa on arrival, all to generate funds to support this ‘New Era’ of Bali.
The Head of the Bali Tourism Office, Tjok Bagus Pemayun, has recently announced that the island’s new agenda is to establish “quality and dignified culture-based tourism.”
Minster Uno has also been vocal about his desire to promote Bali as a destination synonymous with ‘serenity, sustainability, and spirituality.’
As all stakeholders are in agreement that high quality and sustainable tourism is the way forward and are putting in funding structures to support such visions, how can tourists expect “accessibility, attractions and amenities” to improve?
That remains to be seen. In terms of accessibility, it is technically easier than ever before to travel to Bali. I Gusti Ngurah Rai International Airport is now serving over 30 international flight routes every week.
The visa-on-arrival program is available to travelers from over 90 countries and is available for IDR 500,000. The visa entitles tourists to stay in Indonesia for up to 30 days and can be extended one time for an additional 30 days.
Building on the accessibility and amenities front, Governor Koster has just signed a landmark deal to work in partnership with transport teams in Jakarta to design and construct a light railway line and monorail line around Denpasar and Badung Regency, which is where over 70% of tourism activity in Bali is concentrated.
There are certainly more than enough attractions in Bali to keep the island as a world-leading destination.
From UNSECO-protected natural landscapes to the world’s biggest beach club and some of the world’s most highly sought-after hotel experiences, Bali has it all.
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Alfred
Monday 17th of July 2023
Rent it and Run.
Best policy here.
Firechef
Tuesday 18th of July 2023
@Alfred, Problem with that is that the renters will not take care of the property.
Harry
Sunday 16th of July 2023
Please Clean up the Mess and Pollution first all around Bali. Investors should be cautious to invest when the environment is so badly damaged by mass tourism.
Simple infastructure to protect the Rivers and Oceans is not in places.
Waste water runs straight into the Ocean via Rice fields in the most densely packed, most expensive tourist areas.
Investment should be stopped until the Indonesian government uses money previously awarded for new waste water, government trash collection and full bans on single use plastics, including bags and small plastic cups and bottles.
These alongside the waste water running along street level drainage channels into tjr ocean
Are why Bali is such a mess.
Its been clear for a very long time. Investors should open there eyes first and demand to see more respect for the environment, before investing in a so call green economy idea.
Which clearly does not exist.
Billy
Thursday 20th of July 2023
@Harry, Well said
Firechef
Sunday 16th of July 2023
Only way I would invest in Bali is if all Russians are deported and the governor and his crooked cronies are out of office.
Exp
Tuesday 18th of July 2023
@Ben, Balinese can learn from Cambodia:
Allow large scale chinese money flowing in and the following will happen: 1. Uncontrolled construction and environmental destruction 2. Non-chinese tourists will be driven away 3. Chinese tourists will arrive in large numbers but stay and use chinese owned hotels and businesses 4. The local leaders will be very rich but other locals will no longer have any business
The Guardian: 'No Cambodia left': how Chinese money is changing Sihanoukville
Firechef
Tuesday 18th of July 2023
@Ben, I'm afraid that you're correct, Bali will become a cesspool like Jakarta.
Ben
Monday 17th of July 2023
@Firechef, I think they want the Russians to invest more than anyone else... everyone with sufficient money has fled and needs something to invest in.
This is not good for Bali in the long term, as everything will be either Chinese or Russian owned in a decade. This Chinese takeover has been going on for a while. It's been going on a lot longer in Cambodia, and you should look at what now remains there on the coast.
Wayan Bo
Sunday 16th of July 2023
Could start also a donation campaign by selling shares of Bali’s sky for example.
Neil gill
Saturday 15th of July 2023
Who do you think would invest in this, type of thing after you cancelled the FIFA junior games and now the world beach games at the last minute. No confidence in anything you promise .. You are keeping people away, unless you want. Old peoples lawn bowls but there is no where to hold then
Exp
Sunday 16th of July 2023
Correct. Investments in Bali carry high risk premium as laws and regulatiins can change on short notice and enforcement of laws favour locals over foreigners. Consider all money transferred to Indonesia as sunk cost and you will be fine.