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Bali
The tourism industry is overwhelmingly focused in the south, while significant in the other parts of the island as well. The main tourist locations are the town of Kuta (with its beach), and its outer suburbs (which were once independent townships) of Legian and Seminyak; the east coast town of Sanur (once the only tourist hub); in the center of the island Ubud; to the south of the airport is Jimbaran and the newer development of Nusa Dua.
An offshoot of tourism is the growing real estate industry. Bali real estate has been rapidly developing in the main tourist areas of Kuta, Legian, Seminyak and Oberoi. Most recently, high-end 5 star projects are under development on the Bukit peninsula on the south side of the island. Million dollar villas are springing up along the cliff sides of south Bali, commanding panoramic ocean views. Foreign and domestic (many Jakarta individuals and companies are fairly active) investment into other areas of the island also continues to grow. Land prices, despite the worldwide economic crisis have remained stable.
In the last half of 2008, Indonesia's currency had dropped approximately 30% against the US dollar, providing many overseas visitors value for their currencies. Visitor arrivals for 2009 were forecast to drop 8% (which would be higher than 2007 levels), due to the worldwide economic crisis which has also affected the global tourist industry and not due to any travel warnings.
Bali's tourism economy has not only survived the terrorist bombings of 2002 and 2005, the tourism industry has slowly recovered and surpassed its pre-terrorist bombing levels and the longterm trend is a steady increase of visitor arrivals. The Indonesian Tourism Ministry expects a record number of visitor arrivals in 2010.
A coastal road surrounds the island, and three major two-lane arteries cross the central mountains at passes reaching to 1,750m in height (at Penelokan). The Ngurah Rai Bypass is a four-lane expressway that partly encircles Denpasar and enables cars to travel quickly in the heavily populated south. Bali has no railway lines.
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