At least 60 hotels in Bali up for sale due to COVID-19 struggles: hotel association


At least 60 hotels across Bali are being put up for sale due to continued decline in occupancy rates, as the province reportedly hemorrhages about IDR10 trillion (US$711 million) in losses monthly amid the COVID-19 pandemic.
Rai Suryawijaya, who heads the Badung chapter of the Indonesian Hotel and Restaurant Association (PHRI), said the number of hotels may continue to rise.
“Because the occupancy rate is very low, only between five and seven percent […] [Hotel owners] are also unable to pay their debts to the bank. Though there’s been some leniency, they still have to pay,” Suryawijaya said.
Suryawijaya did not specify which hotels in Bali are up for sale, but noted that the list comprises hotels of various star ratings.
The tourism industry in Bali has lost up to IDR10 trillion a month since the beginning of the pandemic, the Tourism Agency said this week , and many businesses are struggling to survive alongside official efforts to tackle the public health crisis.
“The numbers will rise, it is possible. There’s a big possibility that if [the COVID-19 pandemic] continues longer, many will go bankrupt,” Suryawijaya said.
He was found after a two-day search. This article, COVID-19 patient who fled hospital said he was ‘afraid of injections,’ handed 6 months in jail, originally appeared on Coconuts, Asia’s leading alternative media company.
Hanover, Germany – A veterinary clinic in Germany has trained sniffer dogs to detect the Covid-19 virus in human saliva samples with 94 per cent accuracy. The breakthrough could provide an effective and reliable infection detection technology in various settings like public facilities. A Deutsche Welle report on Wednesday (Feb 3) announced that dogs trained […]
Despite some adverse reactions, the benefits of getting vaccinated and its complications far outweigh the risk of potential adverse events. The post Don’t ‘Wait-And-See’: Why S’poreans Should Get A COVID-19 Vaccination When The Time Comes appeared first on Vulcan Post.
The police officer narrowly escaped before flames engulfed the van. This article, Police van burst into flames near Eastern Harbor Tunnel, no one injured, originally appeared on Coconuts, Asia’s leading alternative media company.
Singapore – Punters are queueing up at Singapore Pools outlets across the island in hopes of winning the jackpot prize of S$5 million. With tickets available for the annual Toto Reunion Draw since Monday (Feb 1), Singapore Pools outlets are attracting long lines of punters, reported straitstimes.com. Outlets across Singapore have extended their operating hours […]
Singapore – A Singaporean man has sued his neighbour for “harassment” caused by “electromagnetic waves.” Mr Yan and Ms Yan are residents of a condominium located on Geylang East Avenue 2. Mr Yan alleged that his neighbour caused him “physical and mental torment” by the “electromagnetic waves” emitted from her unit, reported Chinese newspaper Lianhe […]
Takeover discussions have apparently been ongoing for about a year and an in-principle deal has since been struck. The post S’pore Electric Car-Sharing Firm BlueSG Confirms Acquisition By Goldbell Group appeared first on Vulcan Post.
Singapore—A 17-year-old self-radicalised youth detained since last year has shown signs of rehabilitation, including a marked improvement in his studies. The teen, called Daniel (not his real name) in a story in TODAY, fared poorly in his Secondary 3 exam two years ago but received four As and a B in his N-levels recently. Getting […]
Spanning 19,300 sqm, the seven-storey building at one-north will be illuminated with “strips of LED lighting” in “signature Razer green”. The post Razer To Hire About 1,000 Roles For New SEA HQ In S’pore, Which Is Set To Open In Q2 2021 appeared first on Vulcan Post.