Bali Hotels Go on Sale for Cheap With Virus Hammering Tourism

Gone are the Australian surfers and Chinese tour groups. Also missing are yoga aficionados seeking inner peace, like Julia Roberts in “Eat Pray Love.”

With no tourists and no income courtesy of the coronavirus pandemic, struggling hotel owners on the Indonesian resort island of Bali have been forced to put their properties up for sale. Given the dire state of the market, some may have to stomach a loss. For investors with a long view, it’s a chance to grab a slice of paradise on the cheap.