Bali, the Island of Gods, is one of the most popular tourist destinations in the world. Known for its crystal-clear waters, beautiful beaches, stunning landscapes, and rich culture, Bali attracts millions of visitors each year.
But just how much money does Bali make from tourism? Let’s explore.
Overview of Bali’s Tourism Industry
Bali’s tourism industry has been growing at an impressive rate over the years. According to the Bali Provincial Tourism Office, the island welcomed over 6.3 million foreign tourists in 2019 alone. This number represents a significant increase from the previous year and has been steadily increasing year on year.
Contribution to Bali’s Economy
Tourism is a major contributor to Bali’s economy. In fact, it is the backbone of the island’s economy and accounts for more than 80% of its GDP. The money generated from tourism helps create jobs, boost small businesses and promote cultural exchange.
Tourism Revenue
According to data from the Bali Provincial Tourism Office, in 2019, Bali earned a total of IDR 120 trillion (approximately USD 8.4 billion) in tourism revenue. This figure was an increase of almost 10% compared to the previous year.
Breakdown of Tourism Revenue
- Accommodation: Accommodation is one of the biggest contributors to tourism revenue in Bali. In 2019, accommodation accounted for around IDR 48 trillion (approximately USD 3.4 billion) or approximately 40% of total tourism revenue.
- F&B: Food and beverage is another significant contributor to tourism revenue in Bali.
In 2019, F&B accounted for around IDR 28 trillion (approximately USD 2 billion) or approximately 23% of total tourism revenue.
- Transportation: Transportation, including car rentals and taxis, accounted for around IDR 14 trillion (approximately USD 1 billion) or approximately 12% of total tourism revenue in Bali in 2019.
- Shopping: Shopping is also a significant contributor to tourism revenue in Bali. In 2019, shopping accounted for around IDR 10 trillion (approximately USD 700 million) or approximately 8% of total tourism revenue.
The Future of Bali’s Tourism Industry
Bali’s tourism industry has been hit hard by the COVID-19 pandemic. The island closed its borders to foreign tourists in March 2020 and has only recently started to reopen. The lack of tourists has resulted in a significant drop in revenue for the island.
However, Bali is optimistic about the future of its tourism industry. The island has implemented strict health protocols to ensure the safety of visitors and locals alike and is working hard to promote itself as a safe and desirable destination.
The Bottom Line
Tourism is a vital component of Bali’s economy and contributes significantly to its GDP. While the COVID-19 pandemic has had an impact on the island’s tourism industry, Bali remains optimistic about the future and is working hard to ensure that it remains a top tourist destination for years to come.
Sources:
- Bali Provincial Tourism Office
- Indonesia Investments