Tourism players prefer stable greenback

Denpasar - Tourism business players in Bali prefer a stable US dollar, compared to the declining tendency of rupiah to Rp 10,000 a dollar. “A stable rupiah makes business calculation easier, certain, and more accurate. The unstable current condition where the rupiah unit tends to weaken against the dollar makes business unclear,” said Tjokorda Oka Ardana Sukawati, the chair of Bali’s PHRI (Indonesian Hotels and Restaurants Association).
This man familiarly called Cok Ace said recently here the unstable rupiah could not be immediately deemed as benefiting or disadvantaging.
It can be said profiting if the business transactions are in dollars. However, the business players who remain to have dollar-debts for investments will find the declining rupiah as a bad reality.
“Stable is better as it makes business certainty,” said Cok who is also a lecturer at Udayana University, Faculty of Engineering.
In the meantime, according to Yos K Amerta, the chair of Bali’s Gahawisri (Association of Marine Tourism Entrepreneurs), the strengthening dollar meant relative to business players that it could be positive or negative or even having no significant effects at all.
Albeit the business contracts in dollars, however if the operational costs also mainly use dollars then it will not make any difference.
He gave example “dive operators”. They generally use imported equipments hence they should be purchased with dollars. Here the dollars derived, should also be used to finance operations in dollars, so no much difference.
According to Yos, albeit there were profits due to the climbing dollar, they then would be absorbed by the hiking operational costs triggered by upping prices of fuels and electricity tariffs that would follow the strengthening dollar.
“So, it makes no difference. But, will the condition make more overseas guests coming to Bali? Well, it’s a low season now,” he commented. * pry/ant

NO MUCH DIFFERENCE-The strengthening dollar is not directly translated into better profits for tourism business players. Dollar investments or operational costs make the dollar incomes derived create no much difference.

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