Bali’s tourism scene has always been considered an enviable phenomenon, with over 16 million international and domestic tourists visiting the Island of the Gods annually; and the numbers don’t seem to be dwindling. Out of Indonesia’s 17,000 islands, Bali contributes more than one-third of all foreign arrivals to Indonesia. With its cultural distinctiveness complemented with its natural stunning landscapes, it is undeniable that Bali remains as a top global tourist hotspot that is set to grow year after year.
What comes to mind when you think about Bali? It could be the amazing shores and breath-taking beach experiences, or the immaculate service, or the relaxing spa boutiques and yoga sanctuaries. It could also be the affordable yet delicious and wholesome meals, or the company you get while enjoying the sunsets, but these offerings sparked a tourism boom unlike anywhere else in the world, and it effectively transformed Bali into one of Indonesia’s wealthiest regions. Bali has become one of the hottest global property investment hotspots, especially in recent years. Now, it is garnering a reputation for being a heaven for digital entrepreneurs around the world to settle in Bali to live, work, play and create.
The island offers a conducive environment for many professions, such as writers, programmers, designers, website developers, photographers, to do work remotely from anywhere and everywhere. Offering ideal co-working spaces for working and collaboration, and co-living spaces for the solo travellers, its quality of life and affordable costs of living allows digital nomads to settle in almost immediately.
With the strong demand for co-working and co-living spaces, there has been a stiff competition for global and local investors to dip their hands on a piece of this golden pot. Retail components such as restaurants, aesthetic cafes, stunning boutiques and beach bars have intensified over the years to meet the rising demand of the locals and tourists. Indonesia has also attracted foreign opportunities of all calibres, with Singapore being Indonesia’s biggest investor.