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 · Bali Tourism Investments Dominated by Hotels and Resorts
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

Bali Tourism Investments Dominated by Hotels and Resorts

Provincial Investment Board Gives Green Light to New Hotels Despite Objections by Tourism Board and Governor.


(2/16/2008)

Bisnis Bali estimates that the value of new investments in hotels and recreational facilities in Bali for the period January November 2007 reached Rp. 1.4 trillion (US$152.2 million) comprised of 38 projects.

70% of the new investment in Bali is centered on the hotel and resort sector.

According to research conducted by the Surabaya branch of Bank Central Asia (BCI), most new hotel investments in Bali are located on elevated or beachside areas in Jimbaran, Pecatu, Ungasan, Payangan, Sanur, Legian and Kuta.

According to Aslakhul Umam, Research Coordinator at BCI in Surabaya, following the second Bali bombing in October 2005 the Island has undergone a significant increase in new resort and hotel investments, with most investors coming from areas outside of Bali, such as Jakarta and Surabaya. "In any case, the nature and views of Bali remain interesting for those seeking investments in the tourism sector," explained Umam.

Shown on Balidiscovery.com are some of the new hotel and tourism investments slated to open in 2008 in Bali.



Bisnis Bali reports that officials in the Badung and Denpasar regions of Bali remain receptive to new investment applications in the hotel sector, denying earlier reports that new hotels would be banned from commencing new projects.

The Chairman of the Coordinating Investment Board for Bali (BKPMD-Bali), Drs. Made Kandiyuana, stated: "The Provincial government of Bali has never said that Badung and Denpasar are closed to new hotel investments. What is correct is that we have been asked to be more selective. But, as long as new projects do not violate zoning rules and pass a review by our study team, they will approved."

The BKPMD Chief's green light for new investments is at seeming odds with an earlier pronouncements by Bali's Governor who once issued a memorandum freezing new hotel investments.

Kandiyuana also told the press that his office was moving towards the goal of providing a "one-door" service for the approval of new investment projects and improve their service to the public.

A Call for Greater Openness

In a related article in BisnisBali, the Bali Tourism Board (BTB) has called on the government to adopts a more open approach to the issuance of investment licenses and permits.

The Chairman of the BTB Ngurah Wijaya, complained that his organization has never received data on the number of hotel permits issued in Bali. This lack of openness, unfortunately, lends itself to suspicions of corruption and collusion in the license process.

Wijaya said that with more than 350,000 hotels rooms in Bali and the recent rapid increase in commercial villas suggest that new permits should be frozen for the time being.

Wijaya said that instead of new hotels the government should turn its attention to the management of tourism objects.


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


 
UBUD WRITERS & READERS FESTIVAL
 
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
Harambee, Buana! Harambee!
Hat-trick Win for Kenyan Kennedy Kiproo Lilan on His 3rd Win of BII Maybank Bali Marathon
(9/14/2014)
Holiday of No Return
Suicide Suspected in Death of 31-Year-Old Australian at a Kuta Hotel
(9/13/2014)
Roller Coaster Effect
Bali Hindu Support a Mass Transit Rail System that Honors Local Sensitivities
(9/13/2014)
Climb Every Other Mountain
Bali's Mount Agung Closed to Hikers Until November 21, 2014
(9/13/2014)
We Have a Search Warrant!
Prosecutors Raid Bali Airport Offices Seeking Evidence in Ongoing Corruption Investigation
(9/12/2014)
Bali & Beyond Travel Fair 2015
2nd Bali and Beyond Travel Fair Returns to Bali June 10-14, 2015
(9/12/2014)
Have Lunch with Bali's Best Chefs
Bali Culinary Professionals September Lunch - a Bavarian Affair at Discovery Kartika Plaza Hotel on Saturday, September 27, 2014
(9/12/2014)
Thai-Style Hospitality Comes to Bali
Centara Hotel and Resorts Opens 14-Villa Property at Nusa Dua, Bali
(9/12/2014)
Service Included
Airport Service Charge to be Included in Cost of Domestic Tickets Traveling form Bali's Airport
(9/12/2014)
Waldorf . . . .Make it a Double
Bali to Be Home to Two Waldorf Astorias
(9/12/2014)
Monumental Exports
29.09% drop in Exported Wooden Statues from Bali in January-July 2014
(9/12/2014)
TV Dinners
CNNgo Names Six 'Must Eat' Dishes for a Balinese Holiday
(9/13/2014)
All [News]!
 
Tourism and Transport Tourism Agents