Established in 1993 to track and reward quality in the fast developing travel industry, The World Travel Awards calls on tens of thousands of travel professionals from around the world to vote for their favorite travel companies.

Nominations for finalists are based on voting in the preceding year with trophies awarded in all areas of the industry. Travel agents from over 200 countries vote for their favorites, broken down by geographical area and industry sector. Hundreds of thousands of votes are cast on line ending with the eagerly awaited list of winners hailed by the Wall Street Journal as the "Travel Industry's equivalent to the Oscars."

While a complete list of the World Travel Awards 2006 winners is available via the link provided, here's quick list of the Bali hotels who distinguished themselves in the 2006 awards.