Bali Tourism Businesses Started Selling Assets To Survive

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Tourism businesses in Lovina, Buleleng have started to sell their assets in order to survive from the crisis caused by the Covid-19 pandemic.

The Head of the Binaria Lovina Tourism Agency, Made Kardika confirmed that many accommodation businesses such as hotels and restaurants in the northern Bali area have decided to sell their property and assets as they’re facing bankruptcy due to lack of customers since the Covid-19 pandemic struck over a year ago. The area that used to be the icon of north Bali tourism has been deeply affected, causing massive lay-offs to the tourism workers in the area.

“Many business owners were forced to sell what they have left only to provide for their family, many have also changed their profession completely to try to maintain work.” said Kardika on Monday (10/5). He also explained that since the government decided to ban all international travelers in March 2020, there have only been a few people who’ve come to visit the Lovina area. Since then, 65 art shops and local vendors have been forced to cease operations.

Apart from the accommodation business, the people who used to guide the tourists to show the dolphins on the Bali Sea were also forced to sell their boats that they previously used to operate their business. “Nearly half of those tour guides don’t have any farm land, so it’s even more difficult for them to provide their family.” Kardika added. However, he’s optimistic that the Covid-19 vaccine that is currently being distributed is a positive attribute to revive Bali’s tourism from this devastating crisis.