The tourism sector in Bali is just finding its feet again after a devastating two years from the Covid-19 pandemic. With the impacts of a global recession looming, tourism businesses in Bali have been discussing how to protect themselves against further economic disasters. Though Bali’s on track to smash tourism targets for 2022, what lies …
Economy
According to the Provincial Head of the Bank of Indonesia, the majority of a tourist’s budget gets spent on food and beverages during a visit to Bali. Speaking at an event held in Sawangan in Nusa Dua, Head of Bank Indonesia’s Bali Province Representative Trisno Nugroho, revealed that 65% of tourist spending is dedicated to …
During the height of the pandemic in Bali, homeowners were struggling to rent out their usually fully booked rental properties. With borders closed and industries on lockdown, many rental property owners drastically dropped their prices hoping that some income would be better than none. Still, as borders reopened in February this year, landlords left rental …
Academics in Indonesia have voiced their concern for the tourism industry in Bali ahead of the predicted global recession. Though they are saying the economic fallout is likely less severe than that of Covid-19, professors have wanted the travel sector to not be ‘too picky’ about the visitors that come through the door. Speaking to …
Bali Government officials held a press event on Saturday, 10th September, celebrating the official start of the Jagat Kerthi Bali Toll Road construction. The road will connect Gilimanuk-Mengwi and is set to be built in record time. The project was planned to start in June 2022, and officials marked the beginning of construction this weekend. …
Benoa Habour is about to receive a huge investment of funds to create what will be known as the Bali Maritime Tourism Hub. The development is partially funded by the Indonesian government and is being delivered by the private company Pelindo. The investment, totaling nearly USD 80 million has been signed off, and will be …
Indonesia’s Minister for Tourism and Creative Economies, Sandiaga Salahuddin Uno, has announced tourism targets for the second half of 2022. Minister Uno is committed to ensuring that Bali’s tourism economy bounces back as soon as possible by utilizing entrepreneurial spirit and streamlining promotional budgets. Speaking at a press conference on Monday 20th June, Minister Uno …
Bali Governor Wayan Koster has shared his optimism for Bali’s recovery from the Covid-19 pandemic. Cumulative data shows that the number of new cases is consistently in decline; Bali is currently averaging 15-30 known new cases daily. Bali’s population is over 4.2 million people, to have cases loads below 30 new cases daily is an …
Speaking at a press conference on Tuesday 31st May, Bali Governor Wayan Koster announced his new 15-point plan to support the recovery of Bali’s tourism sector. The Governor’s vision is to see a series of standards delivered in all sub-sectors of the tourism industry in all corners of the island. He began by saying that …
The central government has admitted that Bali’s GDP is still heavily affected by the pandemic though other Indonesian provinces have begun to see economic recovery. The Minister of Finance, Sri Mulyani, confirmed that the economic growth rate in Bali is still on the negative end through 2021 because of the Covid-19 pandemic that heavily affected …
The Finance Minister of Indonesia, Sri Mulyani Indrawati, has asked Bali to develop industries beyond the tourism sector. During her speech on Monday (17/1), Sri Mulyani suggested that the Bali provincial government should start developing another industry, such as agriculture, to support its economy. This is to supplement the growing international demand for organic food …
The Bali Tourism Alliance has urged the government to provide a new stimulus program for tourism workers that have been out of the job due to the pandemic. The Head of Bali Marginal Tourism Workers Alliance, Wayan Puspa Negara stated that marginal tourism workers such as freelance drivers and other daily workers are in desperate …