Skip to Content

Bali Tourism Businesses Started Selling Assets To Survive

Share The Article

Last Updated

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

(Image: ©The Bali Sun – I Wayan Yatika)

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.

(Image: ©The Bali Sun – I Wayan Yatika)

“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.

(Image: ©The Bali Sun – I Wayan Yatika)

Read Today’s Breaking News Headlines In Bali

For the latest Bali News & Debate Join our Facebook Community

bali sun group

Enter your email address to subscribe to The Bali Sun’s latest breaking news, straight to your inbox.

Hundreds Of Expats In Denpasar Have Now Been Vaccinated
Bali Hotels Suffer Amid Travel Ban
A local food vendor that is located on Jalan Singaraja - Seririt has been crashed into by a car, causing serious injury to two customers.
A Car Has Crashed Into A Local Vendor Causing Serious Injuries