4 Reasons Why Investment Tourism in Bali Is Booming
Investment tourism in Bali is one of the most popular investment destinations in Indonesia. As tourism in Bali continues to flourish, so does the national economy. The Indonesian economy is the largest in Southeast Asia and one of the key developing economies in the world. Indonesia is defined as a new industrial country. In terms of real GDP, the Indonesian economy ranks 7th in the world. Indonesia is among the TOP 10 countries in the world according to experts on profitable investment in 2022. The influx of tourists to Bali is quite stable, annually 4-6 million tourists visit Bali. In this article, we have listed the main reasons why investment tourism in Bali continues to flourish.
Stable political situation
Political stability is extremely important for investment. Countries with a stable political situation tend to attract more tourists. Indonesia is notable for its political stability. The state allocates serious budgets to maintain the status of a politically neutral country, a country where every resident, regardless of citizenship, will feel safe. For non-compliance with the rules of peaceful residence, violators will inevitably face deportation.
Natural and national resources
Indonesia is undoubtedly a blessed country. Its land is dotted with forests, savannas, a variety of wildlife, unique culture and other valuable resources. Being part of the amazing Indonesian archipelago, Bali is also endowed with these resources. There are many attractions that you can choose from, ranging from beaches, mountains and ending with cultural events.
Bali is a small island that can give you a full and unforgettable vacation. Bali has everything from diving to hiking, from shopping to exploring a new culture. What is even more impressive is that the pristine nature is still preserved here. A lot of attractions that you knew about are actually just the tip of the iceberg. Thanks to this, Bali continues to develop, and that is why tourists are never bored to visit the Island of the Gods.
Sustainable infrastructure development
Infrastructure is also an important factor when it comes to effective investment. Bali was previously known only as a country of rice paddies, but now the island is filled with world-class infrastructure such as an airport and a highway. The local government is actively investing in infrastructure development, thus stimulating the tourist flow.
According to the latest data, Bali has approved 14 infrastructure projects that will be built in 2020-2024. Some of them are the Gilimanuk-Denpasar highway and a drinking water supply system, the Paramount Pictures entertainment park, a new airport, a marina for tourist ships and much more. The local government has allocated a budget of 2.058 trillion IDR, 30% of the APBN for these projects, and foreign investors are also actively involved in infrastructure development.
At all times Bali has been known as a resort attracting tourists from all over the world. Not only locals, but also foreign travelers, flock to the island. You can easily immerse yourself in completely different cultures just by walking through the streets of Bali. Cultural integration in Bali is happening everywhere, as Balinese themselves are very hospitable and welcome expat communities. This gives Bali a special charm that cannot be found elsewhere.
In conclusion, it should be added that one of the core point that ensure Indonesia’s stable growth is that the country has a strategic location, it runs along the main seas (Pacific and Indian Oceans), which is an extremely promising direction for business development, especially in the tourism sector. Bali has a stable political environment that provides a safe holiday and accommodation for both travelers and locals or expats. Thanks to this, investment tourism in Bali continues to flourish, providing an average return on investment of 20% or more. This is not all that attracts and ensures the development and investment efficiency of Indonesia and, in particular, the island of Bali.