Legal Certainty for Investors in Condotel Ownership to Support Sustainable Tourism Accommodation

DOI

10.2991/978-2-38476-180-7_125How to use a DOI?

Keywords

Legal Certainty; Condotel Ownership; Sustainable Tourism; Investment

Abstract

Legal certainty is essential for attracting foreign investment and promoting sustainable tourism development. The current legal framework for condotel ownership in Indonesia is not clear, which is a major obstacle to investment in condotels. This paper argues that the reforms to the legal framework for condotel ownership in Indonesia should be designed to increase legal certainty and to make it easier for investors to purchase and sell condotel units. The paper begins by defining legal certainty and discussing its importance in the context of investment and tourism. The paper then goes on to examine the legal framework for condotel ownership in Indonesia. The paper finds that the current legal framework is not clear and that this lack of clarity is a major obstacle to investment in condotels. The paper then discusses the implications of the lack of legal certainty for investors and for the tourism industry. The paper argues that the lack of legal certainty discourages investment and makes it difficult for developers to attract financing. The paper also argues that the lack of legal certainty makes it difficult for investors to sell their condotel units, which can lead to financial losses. The paper concludes by calling for reforms to the legal framework for condotel ownership in Indonesia. The paper argues that the reforms should be designed to increase legal certainty and to make it easier for investors to purchase and sell condotel units. The paper makes a number of important contributions to the literature on legal certainty and tourism investment. The paper provides a clear and concise definition of legal certainty and discusses its importance in the context of investment and tourism. The paper also provides a detailed analysis of the legal framework for condotel ownership in Indonesia. The paper’s findings and recommendations are likely to be of interest to investors, developers, and policymakers in Indonesia.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Ni Nyoman Sukariati
PY  - 2023
DA  - 2023/12/31
TI  - Legal Certainty for Investors in Condotel Ownership to Support Sustainable Tourism Accommodation
BT  - Proceedings of the International Conference on “Changing of Law: Business Law, Local Wisdom and Tourism Industry” (ICCLB 2023)
PB  - Atlantis Press
SP  - 1231
EP  - 1237
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-180-7_125
DO  - 10.2991/978-2-38476-180-7_125
ID  - Sukariati2023
ER  -