Coronavirus crisis: Bali party could be over with hotels up for sale
Tourist hotspots like and Finns Beach Club on WA’s favourite holiday island of Bali could be gone by the time Australians are allowed to travel to the island nation post-pandemic.
Dozens of hotels are already up for sale from Seminyak to Ubud, with WA's Indonesia Institute president Ross Taylor predicting more will follow.
"It all gets back to the funding, a lot (of) the mid-range hotels are actually now going up for sale because people have just simply run out of cash," Mr Taylor told The West Live host Ben O’Shea.
He said larger venues with strong cash flow should be able to make it through the economic shutdown.
"They will survive because they have strong cash flows but some of those mid-range hotels that Aussies love... if they continue on they're going to find it really difficult I would think,"he said.
Despite the economic decline, Mr Taylor expected Balinese people to bounce back post-pandemic, stating they had endured volcanoes and tsunamis and held "incredible resilience".
"They do it with incredible resilience and they have this incredible ability to bounce back and I think that's what you'll see. Once we get beyond COVID-19 people ask me 'will Bali recover?' and pragmatically I have no concerns at all.
"The pull for Aussies back to Bali will always remain strong. Just cost convenience, climate, how good it is for kids - those pull factors will always be there. Once it's cleared, we would see a much stronger rebound to Bali and even stronger than before."
Indonesia recorded 1693 new COVID-19 cases overnight, bringing their total infections to 88,214.
Already, 4,239 Indonesians have died from the virus, with 96 deaths recorded yesterday.
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