According to the Jakarta Post Bali’s administration has set their target at Rp 22 trillion in investments for Bali. They anticipate this will create a 7.01% economic growth by the end of 2013. After having little trouble meeting 2012’s economic growth target they are confident that 2013 will become a reality as well.
Tourism is still the favourable sector for investment in Bali – of courses that should be no surprise. However, to date that tourism is still largely focused in the south. The Bali administration wants to see that wealth dispersed throughout the island. This would have a positive impact on employment for locals and help to decrease poverty rates.
Bali is certainly a place of opportunity and tourism while growing at an extremely rapid rate, is still really in its infancy. Each year we see improvements to infrastructure to accommodate more tourists and that’s exciting.
More hotels are built, and what’s really exciting is more people are becoming aware of the Bali villas that are available while to rent while vacationing on Bali. These villas are not just located in the highly populated destinations. There are wonderful get aways tucked off the more remote areas, which is especially important for those who are looking for a place to relax, re-energize. Bali villas come with their own staff, most have beautiful lush gardens, and their own private swimming pools.
By investing in the economic growth of tourism, we will see not only tourism to Bali grow but also an increase in availability of services, which in turn will cause more growth. If there’s a downside at all, it’s that the well kept secret of a vacation is Bali is no more – the story is out – people are coming to Bali by the millions – and this too will change the landscape of a vacation in Bali.