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Worse to Come?

Bali Hotel Association Reports Cancellations in Response to Global Financial Crisis.

(11/24/2008) Kompas quotes the Executive Director of the Bali Hotel Association (BHA), Djinaldi Gosana, as confirming that the Island's hotels are beginning to report cancellations tied to the worsening global economic situation for the coming December-January holiday period.

"We are receiving reports of cancelled reservations from European customers, particularly from the English and French markets," explained Djinaldi.

These cancellations follow a rash of cancelled bookings tied to the poor economy from South Korean tourists and heightened travel warning for Australian travelers.

Djinaldi told Kompas that he hoped that cancellations for December-January will not increase, preserving the still high levels of projected occupancy expected over the holiday period by Bali hoteliers.

The BHA represents the interests of 85 member hotels in Bali supplying 14,000 rooms and employing over 22,000 workers.