Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Storm Clouds on the Horizon for Bali?
Bali Hotels, Bali Villas and Bali News from
Bali Hotels
Bali Villas
Special Deals!
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
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

++62 361 286 283

++62 361 286 284

U.S.A. Fax:(toll free)

U.K. Fax:

Australian Fax:

++62 812 3819724

Bali Discovery

Bali News

Storm Clouds on the Horizon for Bali?

In the Face of So Much Troubling Economic News, We Crystal Ball Gaze at What May Lay Ahead for Our Island Home of Bali. Abracadabra!

Bali News:
Click Image to Enlarge


The tumultuous state of the world economy has Bali feeling ill-at-ease as we waits to see how current events will unfold and learn what potentially dire consequences await Bali.

In the face of an unprecedented world-wide economic melt down, the depths of which are still to be fathomed, we rophesythize significant impacts and developments in the following areas:

Tourism Arrivals - While Bali foreign tourist arrivals are targeted to touch a record-setting 2 million by the end of 2008, the current boom could come to a sudden end as discretionary spending is severely curtailed across the globe in the wake of failed banks, devalued currencies, heightened unemployment and the resulting diminished ability to travel. Telegraphing this possibility, travel industry stocks have declined in value on exchanges across Europe in recent days.

More Reliance on Domestic and Regional Markets - Because of the lessened dependence on borrowing in Indonesia and across Asia as a whole, some financial experts predict that the impact of the current economic downturn will be felt less acutely in Asia. Look for a greater reliance on domestic and regional market by Bali tourism until the world markets rebound, a process that may take several years or longer.

Unhealthy Competition - Reduced demand and the likelihood of over-supply of inventory in rooms may see cash-pressed hotels and villa owners "get down and dirty" in pricing policies. Should this happen, expect further degradation of both product quality and the supporting tourism infrastructure as money is diverted away from maintenance and upkeep and used for day to day operations.

Unemployment to Rise - With nearly 66% of Bali's population dependent on the tourism economy, any prolonged downturn in business will predictably put many out of work. Based on World Bank studies conducted following the 2002 Bali bombing, growing unemployment will almost certainly result in children being removed from the educational system, heightened social tension and increasing crime rates.

Property Sector - While the uncertain global financial situation may somewhat curb the ability of foreign buyers to absorb the rapidly expanding number of private villas coming on sale, many Balinese without work and money may feel compelled to put ancestral lands up for sale, duplicating a tragic loss of ancesteral land that played out following Bali Bombings I & II.

Bali's Export to Decline - The uncertain U.S. economy has already impacted Bali's key sector of handicraft exports. Local shipping and export companies report that orders to the U.S. have declined 50% over the course of the past several months. Shippers generally expect orders from Europe and Japan to also decline.

Delay in Reforms - Steps by Bali's new governor to enforce zoning rules may be delayed. As Bali's economy suffers. it may prove too politically problematic for Governor Pastika to follow through on threats to close and demolish illegal villas and hotel projects.

Bargains Galore for Careful Shoppers - As Bali and other tourism destinations go looking for business, tourism becomes a "buyer's market" with great value waiting for those prepared to shop around and keep a close watch on []

”We Have to be Ready”

Speaking to Tempo Interactive last week Governor Made Mangku Pastika acknowledged that Bali will not manage to escape the fallout from the current global crisis and that the number of foreign tourists may decrease. Governor Pastika warned, "We have to be ready."

© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to


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
Trip the Light Fantastic
Tango in Paradise – Masters of Dance to Perform in Bali Saturday, November 26, 2016
RIP: Sri Pitono: 1964-2016
Veteran Bali Travel Industry Member Sri Pitono Dies at Age 52
A Fatal Fall
English Hiker Falls to His Death on Mount Abang in Bali
Fatally Flawed Connection
Nine Dead and Many Injured as Pedestrian Bridge Collapses Connecting Nusa Lembongan and Nusa Ceningan
Bali’s Better on a Bicycle
Bali is the venue for a Cross Country Cycling event scheduled for Saturday, November 19, 2016
Forgive, But Never Forget
Governor Pastika Calls for Forgiveness at 14th Anniversary of 2002 Bali Bombing
When a Lake Becomes a Trash Bin
People of the Ancient Village of Terunyan at Lake Batur in Bali Discard Garbage in the Lake as Garbage No Longer Collected by Local Authorities
Bridges are Falling
Bridge Collapse in West Bali Isolates Communities and Businesses in Tabanan
Be of Good Cheer!
Rotary Club Bali Ubud Sunset Christmas Buffet Fundraiser on Sunday, December 4, 2016
Baksheesh Relief?
Special Team Formed to Battle Illegal Kickbacks Paid to Bali Police
Aborted Landing
Bali Airport Closes for 1.5 Hours to Make Emergency Runway Repairs
Charity as a Stretch
Westin Resort Nusa Dua, Bali hosts Family Yoga Session on the Beach for UNICEF on Sunday, November 27, 2016.
All [News]!