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 · Economic Downturn to Be Felt in Early 2009
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

Economic Downturn to Be Felt in Early 2009

East Java PHRI Chairman Says Effects of U.S. Economic Crisis Will Be Felt Starting in Early 2009.


Bali News:
Click Image to Enlarge

(11/1/2008)

The Chairman of the East Java Indonesian Hotel and Restaurant Association (PHRI-Jatim), Yulianto Soechebu, has predicted that sometime in the coming three months Indonesia will begin to feel the negative effects of the U.S. financial crisis.

Speaking to bisnis.com, Yulianto said that Indonesia's main tourism destinations have yet to experience any significant fallout from the U.S. financial crisis due to the growing dependence on business from the Asia-Pacific region with particular emphasis on business form Australia, Hong Kong, China, Japan, Taiwan, South Korean, ASEAN and the Middle East.

"If the financial crisis continues," warned Yulianto, "even the domination of the Asia-Pacific tourists (in Indonesia) will be difficult to sustain."

While the role played by Asia-Pacific markets is delaying the onset of any negative effects of the U.S. financial crisis, Yulianto said that the eventual impact is unavoidable. Because of this, the Hotel and Restaurant Association Chairman said the economic growth in the hotel sector will remain stagnant in 2009.

Related Article

[Editorial: Ignorance is Bliss]


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

       

 
Plaga Wine
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
Be an Idol!
Open Mike Amateur Night for Aspiring Singers with the Bali Community Choir at The Onion, Sanur, Bali on Tuesday, May 17, 2016
(4/30/2016)
Sink and Win!
Emirates Airlines Sponsors Hole in One Extravaganza at Bali National Golf Resort
(4/30/2016)
Rise and Shine in Good Health
E-Series 2, 4 and 8-Kilomter Healthy Run at Pan Pacific Nirwana Bali Sunday, May 22, 2016
(4/30/2016)
Extended Education
Bali Begawan Foundation Provides Educational Opportunities to School Children from Papua
(4/30/2016)
Staying High and Dry
Bali Conduct Successful Test of Shoreline Tsunami Warning System
(4/30/2016)
New Man in Charge at Holiday Inn Resort Bali Benoa
Holiday Inn Resort Bali Benoa Names Franck Rodriguez General Manager
(4/30/2016)
Rules Apply
Tourism Ministry Clarifies Use and Validity of 30-Day Free Visa on Arrival Available to Citizens of 168 Countries
(4/30/2016)
Bali Shark Attack
Rare Shark Attack off Bali's West Coats Send American Surfer to the Hospital
(4/30/2016)
It's My Party and I'll High if I Want To!
Singaporean Tourists Plans for a Birthday Party in Bali Put on Hold Until Further Notice Following Drug Arrest
(4/30/2016)
All Creatures Great and Small
'Tumpek Kandang' Ceremony Blesses the Animals at The Bali Safari and Marine Park
(4/30/2016)
It Might as Well be Printemps
Printemps Francais Comes to Bali May7-June 10, 2016
(4/30/2016)
Follow the Money
Bali Corruption Watch and Anti-Corruption Agency Asked to Investigate Financing of Benoa Reclamation Project
(4/30/2016)
All [News]!