Voyage Vistas

Tourism serves as a powerful economic driver that significantly affects property values in popular destinations around the globe. As tourism grows, it brings with it a mix of opportunities and challenges for local real estate markets. This article explores the impact of tourism on property values from a global perspective, focusing on the benefits, challenges, and diverse effects across different regions. Positive Impacts of Tourism on Property Values Increased Demand for Real Estate Tourism often triggers a rise in demand for both residential and commercial real estate. Popular tourist destinations attract investors eager to profit from short-term rental opportunities, including vacation homes, Airbnb properties, and boutique hotels. This surge in demand can elevate property values, particularly in areas near major attractions or scenic locations. Economic Growth and Infrastructure Enhancement The influx of tourists can stimulate local economies, leading to improved infrastructure and

Indonesia's Minister for Tourism and Creative Economies visited Bali this week to discuss the future of tourism on the island. One of the key topics addressed was the proposed development of a beach club in Sanur’s newly established Special Economic Zone (SEZ) for Medical Tourism and Wellness. Sanur, a long-established tourist destination in Bali, has seen significant investment over the past five years, transforming it into the Sanur SEZ. This transformation includes the ongoing construction of the Bali International Hospital, set to open in late 2024, the extensive renovation of the iconic hotel now named The Meru, and the development of a new shopping mall and entertainment complex. Recently, there has been speculation about the possible establishment of a large beach club in central Sanur. Known for its calm and relaxed atmosphere, Sanur stands apart from the busier areas like Seminyak and Canggu. While Sanur offers late-night dining and bars, it lacks the large beach clu

Bali’s I Gusti Ngurah Rai International Airport ranks as one of Indonesia’s busiest hubs, accommodating over 2.2 million passengers each month . In response to this high traffic, local authorities are working to enhance efficiency and convenience for travelers . In addition to these efforts, Indonesian ministers are considering strategies to make flights more affordable for both domestic and international passengers. Recently, the airport implemented a new series of autogates designed to streamline the arrival and departure processes for tourists. The first set of these autogates was introduced earlier this year in the international terminals, with ongoing plans to extend their use to further enhance Bali’s immigration services. Ngurah Rai Suhendra, the Head of the TPI Class I Immigration Office, emphasized that the airport now has 60 operational autogates , allowing the processing of over 120 passengers per minute. The recent installation of 30 additional autogates brings the tot