Bali’s journey through the tumultuous landscape of global tourism and real estate markets has been nothing short of remarkable. The island, known for its unparalleled natural beauty and rich cultural heritage, has been a magnet for travelers and investors alike. In 2023, Bali’s tourism sector experienced a notable rebound, surpassing the peak performances recorded in 2019, according to the newly released Bali Hotel and Branded Residences 2024 report from Horwath HTL and C9 Hotelworks.
The resurgence in Bali’s tourism industry was largely fueled by the relaxation of COVID-19 restrictions, marking the first full year of recovery from the pandemic’s grip. This liberation unleashed a surge in demand, fueled by the pent-up interest accumulated during the prolonged period of travel restrictions. The Indonesian government’s Visa on Arrival (VOA) program, opened to 89 countries, played a pivotal role in attracting tourists to the island.
Domestic…
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