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 · Rupiahís Rapid Decline
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

Rupiahís Rapid Decline

Decline in Rupiah is a Double-Edged Sword for Baliís Tourism Economy


Bali News: Bali, Indonesia, Dwi Pranoto, Bank Indonesia, Tjokorda Oka Artha Ardana Sukawati, Cok Ace, Ida Bagus Ngurah Wijaya, Indonesian Tourism Industry Association for Bali, GIPI-Bali, exchange rates, U.S. Dollar, Indonesian rupiah
Click Image to Enlarge

(9/1/2013)

The rapid decline in the value of the Indonesian Rupiah against the U.S. Dollar and a host of other currencies is presenting a myriad of challenges to Bali and its tourism industry.

 
That most of the starred hotels in Bali are priced in U.S. dollars is a double-edged sword. On the one hand, hotels pricing in dollar will enjoy something of a windfall in income against their Rupiah-based expenses. While, on the other hand, Bali hotels will generally become more expensive to the vast majority of their customers who do not earn their income in U.S. dollars.
 
Quoted in The Bali Daily (The Jakarta Post), Ida Bagus Ngurah Wijaya, head of the Indonesian Tourism Industry Association for Bali (GIPI-Bali), acknowledge the potential boost in hotel incomes from a strengthening dollars, but also warned that the cost of imported goods used by hotels and restaurants would also certainly increase.
 
The head of the Bali Chapter of the Bali Hotel and Restaurant Association (PHRI-Bali), Tjokorda Oka Artha Ardana Sukawati (Cok Ace), spoke of the many “bitter pills” that Bali’s tourism industry has had to swallow in recent months in the form of increased fuel and energy costs. He also highlighted the coming 2014 election for the presidency of Indonesia and House of Representatives, saying the national economic condition will be largely dictated by the developing political condition.
 
In the light of all this uncertainty, Cok Ace outlined the course ahead, saying: “What we need to do is to strengthen our promotional activities, improve our tourism products and also upgrade facilities at our tourism sites.” 
 
Dwi Pranoto, the head of Bank Indonesia’s Bali Office foresees the strengthening dollar as having a positive impact on Bali’s exports as well as tourism. Said Pranoto: “It can be considered as a blessing for exporters and the tourism sector. But for the island’s general economy,  that will slightly slow its usually robust growth.” 
 
Bank Indonesia predicts Bali would end the current year with a growth rate of between 6.6 to 7.1%. Advising a more cautious approach, Pranoto said, “We have had to evaluate and lower the economic growth forecast to between 6 and 6.5 percent.” 
 
IThe Bank Indonesia executive, Pranoto, said: “However, we must be optimistic, hoping that the island’s tourism sector will remain a powerful catalyst for its economy.”


© 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
When Things Fail to Add Up
Editorial: Poor Grasp of Mapping Tourism Growth Underlines a Much Larger Problem
(7/5/2015)
Watching You, From a Distance
Indonesia to Introduce Law Requiring its Citizens to Register On Line When Going Abroad
(7/5/2015)
Has the Bali Property Boom Gone Bust?
Developers Say Bali Property Sales Down 75% in 2015
(7/5/2015)
Strokes of Good Luck
Trips to London and Harley Davidson Motorcycles among Prizes to be Won Bali National Golf Club August 8-9, 2015
(7/5/2015)
Bali Airport; Ready for the Holiday Rush
Bali Airport Sets Up Command Posts in Anticipation of Lebaran Rush
(7/5/2015)
Kite Flyers Leave Bali in the Dark
PLN Worried that Baliís Kite-Flying Seasons will Precipitate Power Outages
(7/5/2015)
PATA Mart Returns to Indonesia
Indonesia to Host 2016 PATA Travel Mart
(7/5/2015)
Medan Tragedy
Military Transport Crash in Medan Kills at Least 113 in Long Litany of C-130 Crashes in Indonesia
(7/5/2015)
Small Shops Must Stop Selling Beer
Bali Threaten to Close Down Shops in Kuta and Legian Illegally Selling Beer
(7/5/2015)
Bali Human Cultural Icons
Bali Arts Festival Honor Nine Senior Traditional Arts Performers
(7/5/2015)
The Man of de Malmanche
New Zealand Man Sentenced to 15 Years in Prison for Smuggling Drugs into Bali
(7/5/2015)
The Hills are Alive
Jetstar Cancels Several Bali Flights to Avoid Volcanic Ash from East Java Volcano
(7/5/2015)
All [News]!