NELBali Property News

Bali Airport Ready to Handle 20,000 IMF-World Bank Delegates

Tue, 02 Oct 2018 04:47:27 +0000-737504

Bali Ngurah Rai Aiport Undergoes 5-Phase Upgrade to Prepare for Onslaught of IMF-World Bank Delegate October 12-14, 2018

Bali’s Ngurah Rai Airport is now in readiness to welcome an estimated 18,000 delegates, including several heads of State, attending the International Monetary Fund (IMF) – World Bank Conference October 10-12, 2018.

Quoted by the State News Agency Antara, the General Manager of PT Angkasa Pura I, Yanus Suprayogi, said, “Five packets of airport development in preparation for IMF-World Bank Conference have been completed and are ready for use.”

Awaiting a final green light and safety verification from the Director General of Civil Aviation are the following five improvements that have cost Rp. 2.2 trillion to install at the 285-hectare airport.

  1. The development of six new parking apron areas on the western side of the airport that will be used for parking VVIP aircraft coming to Bali for the IMF-World Bank Conference. One apron area will have the capacity of accommodating 13 parked aircraft.
  2. The development of four more apron areas on the eastern side of the airport for VVIP aircraft parking. This project entailed the movement of a waste water treatment facility.
  3. The design and development of a VVIP facility, an operational command for the Indonesian Air Force and the consruction of an aircraft maintenance facility. The VVIP building has two sections – one for VIPs and one VVIP.
  4. Construction of a domestic departure terminal and special international terminal. Departure counters have been increased from 26 to 126.
  5. Contruction of a multi-level parking facility capable of serving 546 cars.

Source: BaliDiscovery.com



Dusit Thani acquires Elite Havens in $15m deal

Fri, 21 Sep 2018 03:26:05 +0000-737504

Dusit Thani has expanded into the high-end vacation rental market through the full acquisition of Elite Havens, a provider of holiday lets in Asia.

(11/09/2018)

Dusit made the acquisition through its wholly owned Hong Kong-incorporated subsidiary, Dusit Overseas Company, which has bought all shares in LVM Holdings, a Singapore-incorporated company and the ultimate holding company of Elite Havens.

The deal is valued at US$15 million.

Established in 1998, LVMH directly and indirectly holds shares in nine companies in south-east Asian countries.

The largest company of its kind in Asia, it performs integrated marketing, reservations, concierge and management services for luxury villas and currently maintains a network of more than 200 fully staffed properties across Indonesia, Thailand, Sri Lanka, and the Maldives.

“Our investment in Elite Havens marks another important milestone in our strategic journey, particularly our two-pronged plan for expansion, which includes doubling our number of hotels in operation, and providing broadened experiences for our customers.” said Suphajee Suthumpun, group chief executive, Dusti Thani.

“Our current brand line up covers the midscale through to luxury hotel segments.

“Now, with the addition of Elite Havens, we are delighted to cover the luxury villa rental segment too.

Dusit Thani acquires Elite Havens in $15m deal

Following its strategy for balance, diversification and expansion, Dusit has been actively enhancing its operations with investments in new market segments.

The company made moves into the shared economy last year with an investment in Favstay, a Thai hospitality start-up offering condos and villas for rent in Thailand’s top destinations, and in April this year Dusit announced it would also enter the affordable lifestyle segment with the launch of ASAI Hotels.

Jon Stonham, chief executive, Elite Havens, said: “With our strong focus on people and exceeding expectations with our services, Elite Havens shares the same values as Dusit, so there is already a strong synergy for us to build on.

“We look forward to a very bright future of sustainable and profitable growth as we expand our operations as part of the Dusit family.”


Source: http://www.breakingtravelnews.com/news/article/dusit-thani-acquires-elie-havens-in-15m-deal/

Developing Problems and Solutions

Wed, 11 Jun 2014 08:07:19 +0000-737504

Hotel Investors Gather in Bali to Explore the Future


Bali News: Developing Problems and Solutions
Click Image to Enlarge

(6/7/2014)

 

The 2nd Annual Indonesian Hotel Investment Conference (IHIC 2014) was held at The Grand Nikko Bali Resort on Friday, June 6, 2014.

Sponsored by the Bali Hotels Association (BHA) and Horwath HTL, more than 130 key players in the regional hotel and accommodation property sector attend the one-day program of keynote speeches, break out session and a networking “power lunch” and closing cocktail reception sponsored byBir Bintang and Artisan Estate Wines.

An opening address by the former Minister of Tourism and Culture, I Gede Ardika provided an opening counterpoint to an otherwise very pro-development agenda of speakers.

Ardika opened the conference with a call for developers and local leaders to carefully consider both the cultural and environmental carrying capacity of Bali. The well-respected former minister challenged his audience to avoid steps and decisions that marginalize the Balinese. Quoted in Bali Daily (The Jakarta Post), Ardika said: “This is our challenge. Tourism practitioners in Bali should rethink whether the current model of development will continue to be tolerated. And local people should be aware [of whether] they wish to let their island be ‘destroyed’ like this.” 

Ardika, who was born in Bali, warned that overdevelopment of Bali is surpassing the island’s land, water, food and resource sustainability. Adding: “Investors have to be integrated with the community [members], partnering with them, respecting each other and strengthening local identity. You are the ones on the front line of preserving the attractiveness of Bali.” 

As the island has seen an unprecedented growth in new rooms, Ardika described how this has brought room rates under pressure, bringing Indonesia to the unenviable place of being the Southeast Asian country with the lowest hotel rates.

Also opening the conference was Wiryanti Sukamdani, chairwoman of theIndonesian Hotel and Restaurant Association (PHRI) and the Indonesian Tourism Promotion Board, who presented an overview of 288 hotels expected to be opened in Indonesia by 2016. Sukamdani said: “Of the total number, 67 hotels will be built in Bali. I have no idea where these 67 hotels will be built. We don’t have rice fields anymore. We have to preserve the natural landscape and the environment. When we build hotels, we need water, electricity, and food. . . This is a challenge for the tourism industry.” 

Sharing PHRI data with the conference delegates, Sukamdani calculated in 2011 that there were 22,000 rooms for sale in Bali. She said that total increased to 25,400 in 2012 and in 2013 stood at 50,100 rooms. The PHRI chairwoman predicted the total would increase to 55,200 before the end of 2014.

These totals do not include the phenomenal increase in commercial villas that pay an increasingly role in Bali’s accommodation sector.

A total of 36 speakers and panelists presented their insights and views on a the investment outlook for Bali; a statistical review of the Indonesian Hotel Industry; the suitability of current development models; how to grow tourism while preserving the indigenous culture and the natural environment; challenges to building a hotel brand in Indonesia; recent innovations in smart design for hotels; the financing of accommodation projects; the challenges presented by social media, OTAs and new travel distribution networks; and the ins and outs of branded residences in Bali.

Source: BaliDiscovery.com

Pay at the Door

Sat, 05 Apr 2014 02:31:37 +0000-737504
Bali Has Record Revenues of US$62.7 million in 2013 from Visa on Arrival Fees

Bali News: Pay at the Door
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(3/29/2014)

Total revenues collected from visa-on-arrival fees (VOA) in Bali in 2013 brought US$62.7 million to government coffers or an average of US$5.2 million each month. 

VOA fees in 2012 averaged US$4.8 million a month.

As reported by the Bali Post, the deputy-director of Bank Indonesia in Bali, Suarpika Bumantoro, said the increase in VOA fees reflect the increase in visitor arrivals to Bali and the important contribution of foreign exchange made by foreign visitors to Bali’s economy.

Source: BaliDiscovery.com

Keeping Current on Currency

Thu, 13 Mar 2014 11:40:16 +0000-737504
Balidiscovery.com Handy Guide to Spotting Counterfeit Indonesian Currency

(3/10/2014)

Balidiscovery.com’s Katrin Widodo has been conducting independent research on how best to detect counterfeit Indonesian bank notes. Along the way, Katrin learned that in Java alone last year, Bank Indonesia authorities confiscated and destroyed 13,110 counterfeit banknote.

 

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Here are some handy tips from Katrin on how to spot bogus Indonesia bank notes:
  1. Look – Look closely to see that the notes are intact, bright-colored and the printing is not in any way blurred. The embedded security thread should be visible that will resemble metallic vertical lines or a woven pattern. On the front of each Indonesian bank note you will discover a rectangular Bank Indonesia logo printed in Optical Variable Ink (OVI) that does color shifts when viewed from different angles.
  2. Touch/Tactile Qualities – Genuine Indonesian banknotes have a very distinctive “feel.’ Run your fingers across the note to detect embossed print stating the nominal value of the bill. The Indonesian national emblem of the Garuda Bird and the main portrait on the bill have a raised and embossed quality, as well. Also, let your fingers try to read the Braille on each bill located on top the “Bank Indonesia” script.
  3. Transparency – When held against a light source, a watermarked portrait of an Indonesian hero is depicted; look also for the recto-verso printing of the “B” and “I” of Bank Indonesia to be symmetrically printed on both sides of the bill.
Source: BaliDiscovery.com