bali's online market has hundreds of hotels available for sale

Category : Adventure | Posted On May 24, 2021

Hundreds of hotels in Bali are for sale, according to listings on the real estate marketplace Lamudi this week, as the island's low hotel occupancy rate continues in the second year of the COVID-19 pandemic.

This afternoon, a search for Bali hotels on the site yielded 631 results, with properties situated in famous tourist areas in the province. Hotels listed include the Kuta Paradiso Hotel on Jl. Kartika Plaza, which is marketed at IDR875 billion, the Tijili Benoa in Nusa Dua, which is marketed at IDR1.8 billion, and the Swiss-Belhotel Rainforest on Jl. Sunset Road, which is marketed at IDR250 billion.

This helps to demonstrate how much the COVID-19 pandemic has affected the local economy, which is already heavily reliant on tourism. With travel restrictions in place to prevent the spread of the coronavirus and most foreign tourists banned from entering the region, many hotels have been forced to reduce or close operations since last year.

“The rate of occupancy in Bali is only around 10 percent in 14 months, and this has significantly impacted the economy,” Manuhutu, a deputy from the Maritime Affairs and Investment Ministry, said in a statement.

Bali's economy slowed 9.31 percent in 2020, making it one of Indonesia's worst hit areas after the COVID-19 pandemic.


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