The Bali Investor's Digest 🤓 @baliexpert_news

The latest occupancy statistics on Bali demonstrate that the upper hotel segment has the best figures on the island, with an average occupancy rate of 74% and prices per night of $300. The growth in demand from tourists, predominantly from Western countries, who have flocked to…

For those unfamiliar with Indonesia and unsure who is in power here, I recommend watching the speech by the finance minister, Sri Mulyani. In the Bloomberg interview, the former president of the World Bank, now head of Indonesia's entire monetary policy, explains in fluent…

Not all initiatives in Indonesia go smoothly, such as the introduction of a tourist tax for everyone arriving in Bali. The procedure itself is currently trending in many countries around the world, from Italy to Japan, a tax is introduced in areas of peak tourist concentration…

Last year, Bali’s hotel market showed phenomenal growth, surpassing the peak figures of 2019 in terms of occupancy and average nightly rates. The only aspect where 2019’s record is still recovering is the total tourist flow to the island. Back then, there were 6.3 million…

Apple's CEO is on a tour of Southeast Asia, starting in Jakarta, where he met with the outgoing President of Indonesia, Joko Widodo. The President traditionally suggested that his American colleagues consider manufacturing within the country, and Tim responded that he would…

The publication Ceoworld has presented its ranking of best countries for investment in 2024. Out of 199 countries, Indonesia took the fifth place. The country was recognized for its rapid economic growth, young and fast-growing population, strategic location, and rich natural…

Perry Marcus, a representative of the Bali Hotels and Restaurants Association, predicts that hotel occupancy on the island will rise to 80% as Indonesia is currently actively celebrating Eid al-Fitr, marking the end of Ramadan. This is traditionally a peak time for domestic…

The American chip manufacturing giant NVIDIA is set to build an artificial intelligence development center in Indonesia by the end of 2024. Indonesia's Minister of Information, Budi Setiadi, announced that the company plans to construct an AI research center in collaboration…

Bloomberg shares the latest statistics from the World Travel & Tourism Council (WTTC), which indicate that the tourism industry will account for a record $11.1 trillion in 2024. In 2019, it was $10 trillion. Therefore, it can now be confidently said that the market has fully…

Next week, Indonesia celebrates Eid al-Fitr, which marks the end of Ramadan. In honor of this, Indonesians traditionally embark on mass journeys to their hometowns and villages. Bali’s case primarily involves temporary migration to the neighboring Java. At least 1.6 million…

The authorities of Bali reported that only 40% had paid the new tourist fee since its introduction on February 14 of this year. The new tax, amounting to $10, which caused a lot of noise, was decided to be collected as a one-time charge from foreigners upon arrival in Bali. As…

The tourism market is growing and shows no signs of losing momentum. According to the annual report of the Hilton group, one of the world's largest hotel operators, Hilton noted the continuing growth in demand for international travel. The company reported sales growth by 7%…

The CEO Apple, Tim Cook, plans a visit to Bali on April 20th to participate in the opening of a new Apple Academy, as reported by the Minister of Information, Buli Ari. The Apple Academy is designed to train programmers, software developers, and digital technology specialists-…

The Central Election Commission of Indonesia took more than a month to recount all the votes and officially announce the results of the presidential elections, which took place on February 14th. The outcome - Prabowo Subianto won in the first round with 58% of the votes and…

The South China Morning Post published an interview with John Riady, the heir to the Lippo Group's development empire. The Indonesian company Lippo Group is one of the most valuable brands in Asia, primarily engaged in the construction of shopping and medical centers.…

The management of Bali's airport shared the latest passenger statistics for February 2024. In total, the airport welcomed 1.75 million passengers over the month, of which 1 million were international tourists. This represents a 21% increase compared to February of the previous…

The head of the hotel association of the Karangasem district shared that the occupancy rate of the hotels under his management for the recent holidays in honor of the Balinese New Year was 30%. Karangasem district is located on the east of the island, approximately a 3-hour…

How the foreign exchange market works and what influences the stability of the Indonesian rupiah? Tap the link to know more: tinyurl.com/4c8wz2y7