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 Tourism Investments Dominated by Hotels and Resorts
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
Jln. By Pass Ida Bagus Mantra,
Jln. Pucuk 1 No. 70X
Denpasar, Bali
Indonesia

24h:
+62 (0)812 3819724
Tel:
+62 (0)361 464 032, +62 (0)361 471 0242

Bali Discovery

SITE PATA ASITA
Bali News

Bali Tourism Investments Dominated by Hotels and Resorts

Provincial Investment Board Gives Green Light to New Hotels Despite Objections by Tourism Board and Governor.


(2/16/2008)

Bisnis Bali estimates that the value of new investments in hotels and recreational facilities in Bali for the period January – November 2007 reached Rp. 1.4 trillion (US$152.2 million) comprised of 38 projects.

70% of the new investment in Bali is centered on the hotel and resort sector.

According to research conducted by the Surabaya branch of Bank Central Asia (BCI), most new hotel investments in Bali are located on elevated or beachside areas in Jimbaran, Pecatu, Ungasan, Payangan, Sanur, Legian and Kuta.

According to Aslakhul Umam, Research Coordinator at BCI in Surabaya, following the second Bali bombing in October 2005 the Island has undergone a significant increase in new resort and hotel investments, with most investors coming from areas outside of Bali, such as Jakarta and Surabaya. "In any case, the nature and views of Bali remain interesting for those seeking investments in the tourism sector," explained Umam.

Shown on Balidiscovery.com are some of the new hotel and tourism investments slated to open in 2008 in Bali.



Bisnis Bali reports that officials in the Badung and Denpasar regions of Bali remain receptive to new investment applications in the hotel sector, denying earlier reports that new hotels would be banned from commencing new projects.

The Chairman of the Coordinating Investment Board for Bali (BKPMD-Bali), Drs. Made Kandiyuana, stated: "The Provincial government of Bali has never said that Badung and Denpasar are closed to new hotel investments. What is correct is that we have been asked to be more selective. But, as long as new projects do not violate zoning rules and pass a review by our study team, they will approved."

The BKPMD Chief's green light for new investments is at seeming odds with an earlier pronouncements by Bali's Governor who once issued a memorandum freezing new hotel investments.

Kandiyuana also told the press that his office was moving towards the goal of providing a "one-door" service for the approval of new investment projects and improve their service to the public.

A Call for Greater Openness

In a related article in BisnisBali, the Bali Tourism Board (BTB) has called on the government to adopts a more open approach to the issuance of investment licenses and permits.

The Chairman of the BTB Ngurah Wijaya, complained that his organization has never received data on the number of hotel permits issued in Bali. This lack of openness, unfortunately, lends itself to suspicions of corruption and collusion in the license process.

Wijaya said that with more than 350,000 hotels rooms in Bali and the recent rapid increase in commercial villas suggest that new permits should be frozen for the time being.

Wijaya said that instead of new hotels the government should turn its attention to the management of tourism objects.


© 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
Trans-national Crime Bust in Bali
Bali Police Arrest 64 Foreigners at Four Locations Involved in Cybercrime Syndicate
(1/15/2018)
Bale Banjar Culture Club Shapes Up for 2018
Monthly Program of Popular Cultural Lectures Continue at Ayodya Bali Resort in Nusa Dua
(1/15/2018)
Pray, Go to Prego
Sunday Brunch at Prego at The Westin Resort Nusa Dua, Bali a Fun-Filled Family Affair
(1/15/2018)
Say ‘Yes’ to Nyonya
Exceptional Value at Perankan Lunch Available Every Sunday at Rumah Luwih Hotel on the IB Mantra Highway in Bali
(1/15/2018)
Unlicensed to Steal
Government Cracks Shuts Down Illegal Company Selling Property to Foreigners in Petitenget, Bali
(1/15/2018)
Mountainous Radiuses Radii
Controversy Brewing Over Reduction of Size of Exclusion Zone Surrounding Mount Agung Volcano
(1/15/2018)
Shores in Need of Shoring
Klungkung Shoreline Under Severe Threat from Erosion
(1/15/2018)
Indonesia Waives the Rules and Rule the Waives
Indonesia’s Newest Destroyer KRI I Gusti Ngurah Rai Inaugurated in Bali
(1/15/2018)
Take Two Tablets, Moses!
Six Balinese Men Face Possible Legal Action for Spiritual Quest to Mount Agung’s Crater
(1/15/2018)
An Annual Cycle for Cycles
600-kilometer ‘Tour de Indonesia’ Bicycle Race to Cross the Finish Line in Bali on Sunday, January 28, 2018
(1/15/2018)
From Salty to Sweet
Water Board Wants Crackdown on Hotel’s Desalinating Sea Water without Required Permits
(1/15/2018)
Dominion Over Earth and Heavens Above
Indonesia Serious Abut Preventing Foreign Intrusion into its Air Space
(1/15/2018)
All [News]!