With no tourists and no income due to the pandemic, struggling hotel owners in Bali are being forced to sell their properties at almost half of regular market prices. Given the collapse of the market, some investors may have to experience a big loss. For investors with a long view, it’s a chance to grab …
Economy
The Bali Governor has taken a hard line saying that he will not listen to the complaints of his people who want tourism reopened. “We will not be provoked by pokes so we quickly open tourism,” Wayan Koster said during a government session on Monday. “I am not in the position to follow the complaints …
It’s been a long time without good news for Bali but today marks the start of the ‘new normal’ protocol in Badung. In an announcement from the Regional Secretary of Badung, I Wayan Adi Arnawa, Grocery stores, shopping centers and restaurants will now be able to operate from 8:00 a.m. until 11 p.m. This is …
Dozens of hotels are for sale on the tropical island of Bali after border closures have caused some owners to not be able to cover basic operational costs. 47 hotels are currently listed for sale according to IDN Times. Prior to the pandemic there were only 19 listed showing a sharp increase in only a …
There are few places in the world where hospitality, tourism and culture are as deep-rooted in the psyche than Bali.But Indonesia’s tropical holiday island is no longer the bustling tourist destination that Aussies love – coronavirus has transformed the relaxation destination and party capital into a “ghost town”. More than 80 per cent of the island’s four …
The head representative of the Bank of Indonesia in Bali has suggested that a travel bubble should be created with Australia to allow for the free flow of tourists. In an online zoom meeting with tourism officials on Friday (05/22/2020), Trisno Nugroho proposed the idea of a travel bubble with Australia. This would allow Australians …
The Indonesian Ministry of Finance has announced a Rp. 25 trillion ($2.6 Billion AUD) stimulus in travel vouchers to revive local tourism in the form of flight, hotel and restaurant discounts to help increase consumption of the upper-middle class. The incentive is being called the ‘Stimulus Demand’ with the aim to bolster tourism spending by …