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Ubud is the site of a large number of hotels and restaurants. Many are located in the village area, while others are scattered throughout the region. The Ubud Writers & Readers Festival was established in Ubud by Douglas Wheeler as an annual event to celebrate literature held on a yearly basis since 2005 until 2017 when it ceased operations due to financial problems with its management company, which had been under investigation for mismanagement and fraud since 2016.