BALI: COUNTING COST AND REBUILDING TOURISM

United Press International | January 21, 2003 | Copyright

00-00-0000
Bali: counting cost and rebuilding tourism

JAKARTA, Indonesia, Jan 21, 2003 (United Press International via COMTEX) -- The bombing in Bali last Oct. 12 killed nearly 200 people, knocked half a percentage point from Indonesia's gross domestic product growth of 3.5 percent, and exposed the country's frailties as a safe tourist destination.

Hotel occupancy rates in Bali dropped to single figures after the blasts. To break even they need about 20 percent to 40 percent occupancy. The tourism business is worth $5.4 billion in revenue to Indonesia each year, with Bali, which ...

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