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 · Bali Hotels Being Hung Out to Dry
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

Bali Hotels Being Hung Out to Dry

Hotel Association Chairman in Bali Suggests International Crime and Money Laundering Behind Current Building Boom in New Hotels


Bali News: Bali Hotels Being Hung Out to Dry
Click Image to Enlarge

(12/24/2012)

The chairman of the Bali chapter of the Indonesian Hotel and Restaurant Association (PHRI-Bali), Tjokorda Oka Artha Ardhana Sukawati (Cok Ace), has publicly stated his suspicions that some of the funding of new hotel projects is link to international crime and money laundering.

As reported by Beritabali.com, Cok Ace’s concerns are linked to the fact that the large-scale funding of new hotel projects in Bali is detached from any rational calculation of the actual need for new hotel rooms.

The PHRI leaders said that from a business standpoint, the current building boom made no sense. He explained that although the amounts being invested in these hotels is large, the actual rooms rate at which these rooms will be sold is very low.

In comments made on Tuesday, December 18, 2012, Cok Ace said: “If we look at the value of the investment in comparison with the (room) selling price it all makes no business sense. For instance, an investment of Rp. 6 billion per room (US$619,000)  that same room is sold for Rp. 300,000 (US$31) a night. This is an impossibility. How are they calculating their break even point?”

Tjokorda Sukawaiti also revealed that foreigners own many hotels being built in Bali but registered their businesses in the name of locals. He also said that while the PHRI officially estimates there are 65,000 hotel rooms on Bali, the “real” figure is probably closer to 98,000 rooms.


© 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
Law, What Law?
Provincial Lawmakers Zoning Laws in South Bali are Almost Completely Ignored
(10/31/2014)
Drowning Worker
Two Migrant Worker Drown Off Sanur
(10/31/2014)
Lost at Sea
German Tourism Missing After Snorkeling at Nusa Dua
(10/31/2014)
Tourism Problems Come in Fours
Indonesian Tourism Promotion Board and New Tourism Minister Identify Crucial Problems Preventing Tourism Growth
(10/31/2014)
When You Gotta Go, You Gotta Go
27-Year Old Australian Man Standing Trial in April 2014 Hijacking Scare on a Bali-Bound Virgin Australia Flight
(10/31/2014)
Now, Let us Pray
Religious Affair Minister Lukman Hakim Saifuddin Proposes Legislation to End Religious Persecution in Indonesia
(10/31/2014)
Bali's Man at the Presidential Palace
A.A. Gede Ngurah Puspayoga is Sole Balinese Named to Joko Widodo's Presidential Cabinet
(10/31/2014)
Vox Populi in Bali
Province of Bali Introduces Monthly Open Forum to Allow Citizens to Voice Criticism and Recommendations to Provincial Officials
(10/31/2014)
Conned by Condotels?
Marketer and Developer of Swiss-Belhotel Bali Condotel Project in Bali Being Sued by Unhappy Purchasers
(10/31/2014)
When Governments Fail to Act
Bankruptcy of Kintamani Restaurants Blamed on Bad Governance
(10/31/2014)
Arief Yahya Named Indonesia's Minister of Tourism
President Joko Widodo Picks Telkom CEO to be Indonesia's Tourism Czar
(10/31/2014)
Christmas Holiday Start for AirAsia X Bali-Melbourne Service
Indonesia AirAsia X to Start Flights Five Times Each Week Bali-Melbourne on December 26, 2014
(10/31/2014)
All [News]!