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 · It Takes Confidence to Travel
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

It Takes Confidence to Travel

Global Economic Concerns May Impact Bali's Arrival Numbers.


Bali News:
Click Image to Enlarge

(1/12/2008)

A Nielsen survey conducted in the last quarter of 2007 polling 26,312 Internet users in 48 major markets in Europe, Asia Pacific, North America and the Middle East demonstrates growing concern over the future of the global economy; a result that may have a negative impact on the wanderlust of holidaymakers. Conducted twice every year, the Nielsen Consumer Survey gauges consumer confidence, spending habits, spending intentions and major concerns held by the world's consumers. The survey collections perceptions from the public on the job market, the status of personal finances and the readiness of consumers to part with disposable income.

The most recent Nielsen Survey reveals:

Increasing fuel costs, escalating sub-prime credit crisis and a slowing of the U.S. economy have caused a "dip in confidence" in 28 of the 48 markets tracked by Nielsen.

Most fearful of a declining global economy over the coming 12 months are respondents in Thailand, Taiwan and Italy. Over 50% of the respondents from all nations are jittery that recession will pave the way for rising unemployment and inflation.

Chinese and Vietnamese respondents were, however, more "bullish" believing there would be no recession in the next 12 months.

Globally, the Consumer Confidence Index (CI) stands at 94, down form 97 measured in May 2007 and 99 recorded in the last quarter of 2006.

Norway, India and Denmark ranked as the three most optimistic groups of consumers with CI scores of 135, 133 and 124, respectively.

Also included among the ten "most confident" nations were India, Australia, Hong Kong, Vietnam, New Zealand and Singapore. This result suggests that inter-regional travel within Southeast Asia may be little affected by growing concerns for the global economy's health.

The Chinese market is only moderately worried about recession with their CI dipping eight points to 98 in the most recent survey. Among the Chinese respondents, greatest concerns focus on inflation (67%), unemployment (52%) and declining property prices (27%).

Three of Bali's leading sources of tourists South Koreans, Taiwanese and Japanese were shown to be feeling more cautious when it comes to discretionary spending with 80% saying now is not the time to buy. This may have a fundamental effect on Bali's inbound travel from these markets.

The Nielsen Company

The Nielsen Company is a global information and media company working in marketing information (ACNielsen), media information (Nielsen Media Research), online intelligence (NetRatings and BuzzMetrics), mobile measurement, trade shows and business publications (Billboard, The Hollywood Reporter, Adweek).

48 Countries Surveyed

The 48 countries surveyed in the latest Consumer Confidence Report include: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Czechs Republic, Denmark, Egypt, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Ireland, Italy, Japan, Korea, Latvia, Lithuania, Malaysia, Mexico, Netherlands, New Zealand, Norway, Pakistan, Philippines, Poland, Portugal, Russia, Singapore, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, UAE, United Kingdom, US and Vietnam.


© 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
Dietzsch to Enrich Dining in Westin Nusa Dua
German Alex Dietzsch to Head Food and Beverage at The Westin Resort Nusa Dua
(1/25/2015)
Higher Level of Consumer Protection Needed
Indonesia Consumer Protection Foundation Says Strong Sanctions Needed for Errant Airlines
(1/25/2015)
Revolusi Mental: Drivers Licenses in Bali
Revolusi Mental: A Small Change in Driver License Rules Would Make a Big Difference in the Daily Life of Many Bali Visitors
(1/25/2015)
Paris Comes to Bali
Paris Hilton Tweets her Arrival Details to Bali
(1/25/2015)
2014: The Year that Was
Bali by the Numbers: Bali Ends 2014 with Record High 3.76 million Foreign Visitors
(1/25/2015)
The Sky Knows No Limit
Employees Accuse Sky Garden in Kuta of Tax Manipulation
(1/25/2015)
Best if Not Shot in Bali
Bali Governor Says He Prefers Execution of Bali Nine Members be Done Outside of Bali
(1/25/2015)
Seeking 20 Million Tourist Visitors
Government Must Keep its Promise to Increase Tourism Promotional Budget to US$100 million
(1/24/2015)
Home Alone
87-year-old German Woman Margaretta Falkenberg Dies at Villa in Tabanan, Bali
(1/24/2015)
Keeping Landings Happy
Surabaya Emergency Runway Repairs Cause Flight Diversions to Bali
(1/24/2015)
Bali to Regulate Hotel Tariffs
Governor Proposes Price Regulation of Bali Hotels to End Room Rate War
(1/24/2015)
English as the Key to Success
Bali Governor Wants All Senior Provincial Employees to be English Proficient.
(1/24/2015)
All [News]!