Close
Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Flight Curtailments May Increase Bad Debt
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Flight Curtailments May Increase Bad Debt

Garuda Warned that Fewer Flights and Fewer Tourists May Impact on Ability of Local Tourism Players to Repay their Loans.


Bali News: Flight Curtailments May Increase Bad Debt
Click Image to Enlarge

(11/12/2006)

The Indonesian language Bisnis Bali reports that Garuda's plans to stop direct international flights to Bali may cause tourism transportation operators to default on their bank loans.

The Owner of Serasi Transport, Made Kondra, told Bisnis Bali that the cessation of direct overseas flights by Garuda "will cause businesspeople operating the tourism sector to fail in making repayments to the bank." He described how the policy of the National Carrier will affect the two largest inbound market sources of tourists for Bali and render current recovery efforts useless.

Kodra, who is also a member of the Regional Parliament, called on Garuda to review its decision to stop direct flights to Bali, especially in light of indications that tourism recovery efforts are beginning to bear fruit, with arrival numbers showing improvement over recent months.

Data from the Bali branch of Bank Indonesia demonstrate that unpaid loans in the tourism sector increased by 3% in the first quarter of 2006 while occupancy dipped to below 30% at many island hotels following the October 2005 bombing. However, in recent months, a brighter economic picture has begun to emerge with the number of unpaid loans decreasing.

According to Bank Indonesia, as of October 2006 local banks have outstanding loans totaling Rp. 8.9 trillion (approximately US$967.4 million).


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.


 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Hastie Rise to the Top
Hard Rock Hotel Bali Andrew Hastie – Executive Assistant Manager Food & Beverage
(4/19/2014)
The Wines of Medoc in Bali in May
Château Montrose Wine Dinner at Mulia Soleil Restaurant on Tuesday, May 6, 2014
(4/19/2014)
Nigel at 70
Bali Adventure Tours’ Nigel Mason Celebrates his 70th Birthday in Considerable Style
(4/18/2014)
Where to Eat in Ubud?
Australian Financial Review: Five Restaurants of Note in Ubud, Bali
(4/18/2014)
We Get Our Kicks from Champagne
Bollinger Champagne Dinner at Sundara Restaurant on Monday, June 2, 2014
(4/18/2014)
Will You Gather at the River?
Last Reminder: Bali Remembers – Pan Am 812 Commemorations
(4/19/2014)
Nuts to You
U.S. Ambassador Pays Tribute toPoverty Eradication Role of Cashew Production Factory in East Java
(4/18/2014)
Willkommen in Indonesia!
Easier Access to Indonesia for German Visitors with Resumption of Lufthansa Service to Indonesia
(4/19/2014)
Lady Justice Paks a Gun
Bali’s Only Female Regional Police Chief Calls for More Women to Join the Police Force
(4/19/2014)
Ollie Ollie Umphrey
Ownership Battle Underway at LV8 Hotel in North Kuta, Bali
(4/19/2014)
Dreamliners to Paradise
Qatar to Start Non-Stop Daily Flights Doha to Bali on July 21, 2013
(4/19/2014)
Bali Shall Not Forget
Mark the Date: Bali Remembers Pan Am 812 – April 22, 2014
(4/14/2014)
All [News]!
 
Tourism and Transport Tourism Agents