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THE five-star Nikko Bali Resort & Spa said it will maintain its 2009 budget of US$9 million (RM31.77 million) to upgrade and promote the property, despite poor global market sentiments.
General manager Jean-Charles Le Coz said Nikko Bali has so far spent US$7.5 million (RM26.48 million) to refurbish all the 386 rooms and two food outlets.
The refurbishment was completed in June and it was the first exercise by the 13-year old resort.
Le Coz told Business Times that it will be spending another US$1.5 million (RM5.30 million) to promote Nikko Bali in Asia Pacific and Europe.
"Whether there is a downturn or not, the property (Nikko Bali) has to …