EVALUASI INVESTASI PEMBANGUNAN TAMAN SAFARI DI KABUPATEN GIANYAR

Abstract

Evaluation is an assessment of an object; in this case it is the national
attractions, ranging from operations to current conditions. The evaluation aims to
determine how far the tourist object proceeds financially, so there should be
monitoring of costs and revenues. The object of this study is the Safari Park which
is initiated by PT. Taman Safari Indonesia and has been operationalized partly. The
purpose of this evaluation is to determine the investment condition of Safari Park
development which is located on Bypass road of Prof. Dr. Ida Bagus Mantra. The
investment parameters are the Net Present Value (NPV) and Benefit Cost Ratio
(BCR). Financial values used in the study is based on incurred costs and currently
operational costs, while profits are projected based on the number of tourists arrival
from opening until now using the linear regression method. The number of tourist
arrivals showed an increase in visits since opening until now. This evaluation
results in Net Present Value (NPV) of Rp102.220.288.002, 35 and the Benefit Cost
Ratio (BCR) value of 2.254. The results of sensitivity analysis with the possibility
of all components of revenue decreased by 10% and costs increased by 10% gave
NPV of Rp49.162.950.085, 32 and BCR value of 1.600, so this investment is
concluded feasible.