Indonesia is often described as a majestic gargantuan tree with branches that extend out into the various parts of the Indian and Pacific Oceans. And this tree has many branches, as we know of Indonesia has as many as 18,110 islands. The major islands are characterized by densely forest volcanic mountains and shallow seas with colorful coral reefs and thriving marine life, making it a dream for snorkelers and divers. The amazing diversity found in Indonesia, with so many people, cultures, customs, traditions, art, animals and plants make the ever-intriguing land of wonders a treasure chest of adventures and experiences.
When it comes to Indonesia’s economic growth, it’s safe to say its main pillars are tourism and travel. One of the most popular places to visit is Bali, which has made land in Indonesia more expensive. However, investors are not getting the short end of the stick in Bali. They have made a huge profit there over the years, and there are even more opportunities now.
Bali Beach Hotel in Sanur — how it all started
Back in 1963, President Sukarno built the Bali Beach Hotel. By doing so, he opened the doors to a huge number of tourists who would eventually change the way we see Bali. Before that, tourism was at its low, as there were only three other hotels on the island. After the Bali Beach Hotel was built in Sanur, construction began across Bali; more and more restaurants and hotels were being built.
Now, Sanur is home to various hotel and villa resorts, such as Bali Hyatt and Fairmont Sanur Beach Bali. That has allowed the economy to significantly grow, as the focus is on the services, manufacturing, and infrastructure.
Since government policies are working towards supporting employment and businesses, it’s likely that the property prices in Bali will go up by 12% in 2020. The increase will mainly happen because of fluctuating fuel prices. However, the rise corresponds to the estimates and the wanted price increases of 7–12%.
Economy overview — what does Bali have to offer?
According to a monthly economic report by Bank of Indonesia, in the Q3 2017, Bali’s economy surged past the national average of 5.06%, marking a 6.22% growth. To compare, during the same period in the previous year, the growth was 6.01%.
When investing in New Nordic Group holiday resorts, investors buy a slice in two of the fastest growing industries in some of the most beautiful areas of the world, the real estate & the tourism industries.
Main growth factors — sectors driving the economy of Bali
Every year, more and more tourists are coming to Bali through its Ngurah Rai International Airport. In addition, the infrastructure initiatives are being implemented, allowing cruise ships to become a huge business. Thus, the tourism industry is the most valuable player here. Hotels and restaurants embraced the new labor coming from Australia and China. The other two contributing factors were the public and private sector consumption and the willingness of the country to spend more on infrastructure.
So what does the future hold for Bali?
As far as tourism goes, Bali is looking to take advantage of its new position. The tourism industry has seen massive growth in numbers of visitors, and it accounts for 48% of the whole economy. In addition, the tax income it produces is about 68%, and it employs 42% of new labor. Thus, Bali is looking to enhance tourism in some other regions too and become a real holiday hub.
Whether you are looking for picture-perfect beaches, idyllic stretches of rice paddy, world-class shopping, active volcanos, the world’s best diving destinations, rejuvenating spas, yoga retreats or rich local culture, we guarantee that you will find it in Bali! The island is one of the few places in the world which offers something for every kind of tourist, and Bali will continue to be a key tourist destination for many years to come. From laid-back Sanur to the bustling Kuta and Seminyak areas to the art hub of Ubud or the picture-perfect North, Bali is a true holiday paradise.
New Nordics first project, Signature Bali, is opening as a hotel autumn of 2019.
Country head office
Our sales office has helpful staff can answer any questions you might have about the project and the office is right next door to the Bali Water World project.
New Nordic Group, Jalan Sudamala 10A, Belanjong, Sanur Kauh, Denpasar Selatan, Bali, Indonesia, 80227.
Phone: +62 (0) 361 4493754
Bali is known for its unique style and Sanur is no exception. Enjoy the trendy and relaxed lifestyle that is Sanur. Soak in the bright sun on the beach, fun water activities or explore Balinese culture by visiting some local warungs (cafés) and temples. Sanur is the perfect place for a relaxing, yet eventful holiday destination. The town itself is home to many well-known restaurants, a unique 5 kilometers long white sand beach, crystal clear water and soon a Water World!