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Dozens Of Bali Hotels Officially Went Bankrupt

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 Dozens of hotels in Bali have officially gone bankrupt due to the uncertainty of government policy throughout this global pandemic.

The Head of the Bali Tourism Agency, I Putu Astawa confirmed that according to data from the Indonesian Hotel and Restaurant Association (PHRI) for Bali, a total of 68 hotels in Bali have gone bankrupt due to the economic instability. “PHRI recently announced that 68 hotels have gone bankrupt, while many others will potentially face the same situation due to the travel restriction policies since the Covid-19 pandemic struck in 2020.” Astawa said on Sunday (5/9).

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

 Astawa predicted that there are many more accommodation businesses in Bali that have given up their properties since they became unable to pay their bills and debts. However, Astawa understands that most business owners must make the best decision they can in order to avoid further loss during this crisis. “This is quite understandable, as most of them tried to prevent any more damage to their financial condition and livelihood from the inevitable operation costs in running their businesses.” Astawa added.

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

 As a response to this crisis, Astawa admitted that the provincial government has lost its ability to provide financial assistance to the tourism sector due to lack of resources. “We have already contributed in supporting our tourism businesses last year in 2020, but unfortunately we have now lost our ability to financially support them again this year as we also face the same financial challenges during this economic crisis. So I hope the people can also understand our situation.” Astawa concluded.

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

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Reez

Tuesday 14th of September 2021

I am deeply sadden with the current situation in Bali . An island that promotes true nature and harmony amongst is people are now left with in dire situation . Hopefully Bali will be back to its best destination getaway . Miss going there again .

psi_kutas

Wednesday 8th of September 2021

No, they not understand.

J West

Wednesday 8th of September 2021

Why isn’t government developing training centers towards skilled based education. Tourism work is slavery.

Neil Gill

Wednesday 8th of September 2021

We, are sorry to here about the bankruptcy information but many of th he same people have been borrowing funds in the good time to attract more tourist and tourist dollars but had never prepared for the bad periods, always new cars and showing off but no savings.

Kelly Yuda

Wednesday 8th of September 2021

This is so sad.