The tourism sector in Bali has expanded rapidly and it is considered as one of the most lucrative sectors for investors to invest in Bali over the past few years. Bali has welcomed more than 4 millions of visitors each year, not just because of its distinctive landscapes and sceneries; but also because of its rich tradition and culture, as well as dynamic investment climate.
The boom of the tourism industry has caught the eye of international business owners and corporations to take advantage of the tourism push in Bali. Here is an overview of why Bali has become the world-class tourism investment destination.
Reasons the Tourism Investment in Bali Is Thriving
Bali is blessed with unique culture, beautiful beaches and mountains, fertile lands, precious biodiversity and of course, human resources. You can basically have a complete holiday in Bali: from hiking to diving, eating to shopping, meditating to learning a new culture.
Apart from just Ubud and Kuta, there are still many places and attractions that are off the beaten path, waiting to be developed and flourish.
Investors consider the infrastructure in Bali when it comes to putting their money on this island. The fast-growing Bali has complete infrastructure such as international airport and highway. Besides, the Indonesian government is on a mission to make Bali more accessible to tourists from all around the world.
Recently, Bali’s local government has approved 14 infrastructure projects on this island including the drinking water system and Gilimanuk-Denpasar highway.
Stable Political Environment
The political environment in a region affects its tourism industry. Higher political stability means a more prosperous tourism and hospitality industry. Bali has long been known for its stable political environment and that is why the tourism sector seems more promising to foreigners.
High-demand Business Opportunities in Tourism
If you are considering an investment in tourism sector in Bali, below are some of the high-demand business opportunities you can choose from:
The demand for villas, hotels, resorts, and guesthouses in Bali is surging, thanks to the 6.5 million visitors who come to Bali every year. These accommodations vary depending on the requirements of the tourists: some of them prefer cultural immersion in a Balinese guesthouse and some may like luxurious indulgence in a villa and high-end hotel.
Coffee shops and diverse restaurants are popping up everywhere in Bali. Cafes and restaurants that generate the most profits in Bali are those with unique cuisine or authentic Balinese dishes.
Health and wellness is one of the things that people are paying more and more attention to, especially people who come all the way to Bali to rejuvenate and relax. Spa, yoga and fitness centers are experiencing tremendous growth in Bali.
Last but not least are definitely the tourism business opportunities. Operating a travel agency or tour company are profitable undertakings as many tourists coming to this island to sightsee, experience, and have fun.
Invest in Bali with Assistance from Cekindo
Cekindo is one of the leading full-fledged investment and company formation companies in Bali. We have years of experience and comprehensive knowledge about the local market, and we are also familiar with the various requirements and laws for foreigners to invest in Bali, or anywhere else in Indonesia.
Owing to our expertise, knowledge and experience, Cekindo offers extensive guidance to businesses and transform their plans, dreams and objectives into a reality – a fully functional business entity.
The initial stage of your business or investment can have wide-ranging effects directly on your long-term goals. Therefore, as your one-stop investment and business setup partner, we strive to help you navigate through those preparatory phases successfully.
There is no better time to start investing in Bali. If you are looking to invest in the tourism sector in Bali or to establish an operation in the hospitality and tourism industry, feel free to send in your queries via the form below.