HVS Asia Pacific Hospitality Newsletter - Week Ending 8 October 2021
On 4 October 2021, the Indonesian government has announced that it would be reopening Bali to certain international travellers from 14 October 2021. In a virtual press conference, Coordinating Minister for Maritime Affairs and Investment Mr Lufut Panjaitan stated that travellers from South Korea, China, Japan, New Zealand and the United Arab Emirates would be able to enter Bali through the Ngurah Rai International Airport. Travellers are required to provide proof that they would be quarantined in a hotel for a minimum of eight days at their own expense upon arrival. Prior to this announcement, visas were issued to foreigners classed as urgent and skilled workers, paramedics, or investors. Foreign spouses of Indonesians are also permitted to enter the country.
The Taiwanese government has announced the issuance of 1.2 million travel vouchers worth NTD1,000 each. Starting from 12 October 2021, these coupons will be awarded based on a draw, conducted each Tuesday for four consecutive weeks. Registration for the draws would take place from 22 September 2021 to 29 October 2021. The voucher’s validity of use would start from 1 November 2021 till 30 April 2022. With each draw having an estimate of 300,000 winners, the government estimates that these vouchers would increase tourism spending by NTD5.8 billion. This measure is part of a series of governmental promotional schemes that seek to restart Taiwan’s tourism economy, boost consumption, and improve employment. Other schemes include the Quintuple Stimulus Vouchers, where the government issued vouchers worth NTD5,000 per person, and various subsidies provided on tourism products and services. With all subsidies and measures in place, the government estimates that the tourism industry would benefit a total of NTD12.4 billion.
HVS is the world's leading consulting and valuation services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, the company performs more than 4,500 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe. Through a worldwide network of over 50 offices staffed by 300 experienced industry professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. For further information regarding our expertise and specifics about our services, please visit www.hvs.com.