Posts

Showing posts with the label business

Rapid Tourism Development in Bali Sparks Concerns Over Sustainability

Image
The rapid tourism development in Bali has become a prominent topic of discussion recently . As post-pandemic construction booms and new central and provincial governments prepare to take office, Bali enthusiasts are sharing their visions for a prosperous and sustainable future for the island . Recent headlines have highlighted the swift tourism development in Bali , focusing on the significant negative impacts on local communities, tourists, and the environment. While this negativity might deter some from visiting Bali, it also presents an opportunity for reflection. Leaders, communities, and tourists can now contemplate their desires for the island's future. A notable academic in the tourism sector has voiced concerns about the rapid pace of hotel development in Bali. Prof. Dr. Drs. I Putu Anom, a Tourism Professor at Udayana University, has highlighted that the ongoing construction of hotels and villas is beginning to harm Bali’s natural environment. Prof. Anom pointed out th

Bali's Booming Property Market: A Prime Investment Opportunity

Image
Bali's appeal as both a tourist destination and a lucrative investment opportunity continues to grow, driven by its stunning landscapes and peaceful lifestyle. Several factors enhance its charm and investment prospects. At the heart of Bali's allure is its culture of hospitality. The island is renowned for its warm welcome and inclusive community values, which significantly boost its attractiveness. Moreover, the cost of living in Bali remains relatively low compared to many Western countries. This affordability is attractive for those looking to buy a vacation home or settle down in retirement. The booming tourism sector is vital in enhancing Bali's local economy and property market. Tourist hotspots like Seminyak, Ubud, and Canggu not only draw visitors but also offer rewarding opportunities for property value appreciation, attracting many investors. Indonesia's Economic Impact on Bali's Property Market Indonesia, the powerhouse economy of Southeast Asia, shows ro