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 · Gathering European Storm Clouds
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

Gathering European Storm Clouds

Bali Business Leaders Says European Arrivals Likely to Decline in Face of Continuing Economic Crisis


Bali News: Gathering European Storm Clouds
Click Image to Enlarge

(8/10/2012)

The widening economic crisis in Europe is predicted to result in declining number of European visitors to Bali.

The chairman of the Association of Indonesian Entrepreneurs (APINDO), Panudiana Kuhn, said on Tuesday, August 7, 2012, he expects the expenditure of European visitors in upper class segment will remain stable.

As reported by Bisnis Bali, Kuhn said outbound travel from Europe to overseas destinations, including Bali, would decline as the economies of the European Union falter.

He said that any decline in European travelers to Bali may be compensated by increasing levels of domestic tourist arrivals to the island. Kuhn said that he predicts domestic tourism may increase 20% in 2012.

According to Balidiscovery.com and Bali by the Numbers, European tourist arrivals to Bali for the period January-June 2012 totalled  297,413 – an increase of 4.1% over 2011.

The APINDO chairman predicts that four and five star hotels will be favored by European visitors to Bali.

Kuhn said it will take Europe at least two years to emerge from its current economic crisis or even longer if firm steps are not taken to address that region’s economic ills.

He said that Europe’s sickest economies of Greece, Portugal and Spain remain minor markets to Bali. Meanwhile, European tourists from Germany, France and Holland remain chief markets from Europe to Bali.

Kuhn failed to mention the United Kingdom and Russia – both of which remain major players in term of Bali tourism.

Kuhn compared the current European economic crisis to the crisis experienced by Indonesian in 1997-1998 and the American economic crisis of 2008.


© 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
We Get Mail!
Review on the Sad State of Baliís Newly Renovated Airport Causes Many Bali Update Readers to Write
(4/20/2014)
We Get Mail!
Following Bali Updateís Editorial on Channel Seven Australia's Unfair Treatment of Bali, We Get a Record Number of Readers Emails
(4/20/2014)
Saving Baliís Starlings
Four More Bali Starlings Released to the Wilds at Sibang Breeding and Release Site
(4/20/2014)
The Fast Check Out Line is Not Working
Tiara Grocer Ignores Supreme Court Order and Continues to Operate Jalan Cokroaminoto Outlet
(4/20/2014)
Bali Property Market in Decline?
Downturn in Bali Property Business May be Short Term and Cyclical
(4/20/2014)
Paying for the Right to Work
Bali's Capital of Denpasar Gets a Windfall from $100 Per Month Foreign Worker Tax
(4/20/2014)
Providing Gifted Students a Free Education
Bali Allocates US$1.74 Million for a Trade School for Underprivileged Students
(4/20/2014)
Evil Disposition
Foreigners Working Illegally in Baliís Tourism Sector as Guides, Drivers, Dive Guides and Surfing Instructors
(4/20/2014)
Bali and Beyond Travel Fair 2014
350 Buyers Expected at Bali & Beyond Travel Fair to be held in Bali June 10-14. 2014
(4/20/2014)
Dogged till the End
Bali Quarantine Officials Euthanize 31 Dogs Seized from Animal Smugglers
(4/20/2014)
Hastie Rise to the Top
Hard Rock Hotel Bali Andrew Hastie Ė Executive Assistant Manager Food & Beverage
(4/20/2014)
The Wines of Medoc in Bali in May
Ch‚teau Montrose Wine Dinner at Mulia Soleil Restaurant on Tuesday, May 6, 2014
(4/20/2014)
All [News]!
 
Tourism and Transport Tourism Agents