PT Bukit Uluwatu Villa Tbk (BUVA) experienced a significant decrease in visits entering March by 20% to 30% as the outbreak of the corona virus (COVID-19).
According to Benita Sofia, BUVA’s Corporate Secretary explained that in February it had not experienced a significant decline. the depreciation in February was still in the range of 10% to 20%.
“There was a slight decrease in February, which was 10% to 20%. But it was quite significant in March which was 20 to 30%. When compared to last year, the last two months there was a decrease in visits of around 20% -25%,” she said.
She added, to save operational costs, BUVA did a lot of cost savings as much as possible. The steps taken are asking the vendor to reduce maintenance costs, reduce employee leave taken at the beginning, reduce employee work hours, add unpaid leave, and reduce the number of contract employees.
“Layoffs are indeed a last resort if all operational cost saving strategies cannot be handled,” said Benita.
Benita explained again, this year, BUVA is targeting to continue to complete the ongoing projects, namely The Cliff Hotel in Bali, Alila SCBD and Alila Bintan. Then for the budget for the current project, BUVA has budgeted funds of around IDR400 billion, which is obtained from bank loans and also internal company. [kontan.co.id/photo special]