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Today's Headlines Tourism
On Tuesday 5 December 2023 Indonesia Investments released the November 2023 edition of its monthly report. The report informs readers on the latest - and in our opinion most relevant - economic, political and social developments in Indonesia.
Cross Hotels & Resorts, in collaboration with Discova, are proud to announce the launch of new brand “Kaura”, and the first of its kind “Kaura Bali”. This immersive village experience is located in the lush hills of Karangasem, East Bali and developed in harmony with the environment, in direct partnership with the villagers of Subak Bakung. Kaura is the sixth brand from Cross Hotels & Resorts and is poised to transform the hospitality landscape.
On 5 February 2023, Indonesia Investments released the January 2023 edition of its monthly report. This report discusses and analyses a number of important economic, social and political topics (all related to Indonesia) that were relevant in the month of January 2023.
On 7 November 2022 Indonesia Investments released the October 2022 edition of its monthly report. Our report presents in-depth and independent analyses of a range of economic, political and social subjects that have been in the news in the month of October 2022.
Tourism is a vital part of the Indonesian economy. We can illustrate this by taking a look at Indonesia’s biggest foreign exchange earners (referring to those sectors that attract most foreign currency).
The tourism industry is among the most heavily disrupted industries in the COVID-19 crisis as restrictions made it difficult (sometimes even impossible) to travel while various tourist destinations had to close temporarily. Moreover, we assume that the psychological impact of the crisis on people is bigger than estimated (implying that people become less willing to travel to distant locations, in particular to emerging economies where healthcare is generally not at world-class standards).
On Thursday (05.08.2021) Indonesia Investments released its July 2021 report. This 182-page report discusses a range of subjects - related to political developments, the economy and social matters that occurred in Indonesia in the month of July 2021.
Something interesting that we had pointed out in last month’s edition of our report is that the Indonesian government has started to loosen the self-imposed social and business restrictions despite the fact that new novel coronavirus (COVID-19) cases are still growing exponentially across the country (with Jakarta, West Java, East Java, Central Java, and South Sulawesi being the epicenters).
In many supermarkets, shops, and places of worship across Indonesia you can now find antibacterial hand wash bottles near the cashier or entrance that can be used for free by the people.
Health tourism (or medical tourism), which refers to those people who travel abroad in search of medical treatment, has been growing rapidly in recent years. Today, over 50 nations have determined health tourism as a source of growth for their foreign exchange earnings.
Latest Columns Tourism
In Indonesian media it was reported that Sandiaga Uno, who is Indonesian Minister of Tourism and Creative Economy, stated that the country managed to collect a total of USD $10.46 billion in foreign exchange earnings from the tourism industry during the first three quarters of 2023.
Indonesia’s Statistical Agency (Badan Pusat Statistik, or BPS) announced at the start of February 2023 that it had recorded a total of 5.47 million foreign visitor arrivals in full-2022. It means Indonesia managed to achieve its foreign visitor target (quite easily) last year (which was set at the wide range of 1.8 – 3.6 million).
As we have discussed in earlier reports and articles, the tourism industry is among the heaviest affected industries amid the COVID-19 crisis. Travel restrictions (such as mandatory COVID-19 tests and vaccines) and in some cases full travel bans set by governments across the world are discouraging people from traveling.
Governments’ social and business restrictions (imposed in the context of preventing the further spread of COVID-19 in society) and people’s concern over the virus have damaged both the tourism and transportation industry in an unprecedented way.
Those who live in Indonesia’s capital city of Jakarta and find themselves frequently stuck in the middle of the city’s grave traffic congestion, while their horizons are being curtailed by the capital’s tall skyscrapers may want to escape this hectic metropolitan by spending a refreshing weekend in Bogor, a city – located some 50 kilometers south of Jakarta – that is particularly known for its Presidential Palace and the botanical gardens (in Indonesian: Kebun Raya Bogor).
Indonesia's largest food and hospitality exhibition, Food & Hotel Indonesia 2019 will kick off its 15th edition on July 24, 2019 at JIExpo Kemayoran Jakarta. Organised by Pamerindo Indonesia, this four-day biannual expo highlights the breakthroughs that are transforming Indonesia's preferences in the new concept of food and hotel industries.
At the 50th anniversary of the Indonesian Hotels and Restaurants Association in mid-February 2019, Indonesian President Joko Widodo emphasized that the tourism industry should become the biggest industry in Indonesia in terms of foreign exchange earnings. Indonesia – a huge Archipelago that consists of more than 17.000 islands – has so much to offer to (foreign) tourists, such as beautiful beaches and countryside, flora & fauna, diving spots, wildlife, culture, culinary, historic relics as well as vibrant city life. However, so far, it fails to tap its full potential.
The tourism industry of Indonesia is one of the most important industries in terms of the nation's foreign exchange earnings. However, compared to its neighboring countries - specifically Singapore, Malaysia and Thailand - Indonesia lags behind in terms of foreign visitor arrivals. This "failure" is partly attributed to the weak state of Indonesia's infrastructure. This includes the lack of enough airports or the lack of enough aircraft and passenger handling capacity at existing airports.
The Indonesian government is looking for big direct investment - both domestic and domestic direct investment - in Indonesia's tourism industry in its quest to turn the tourism industry into the nation's top foreign exchange earner, hence strengthening this industry's role toward the national economy. Therefore, the government formulated ten priority tourist destinations that are regarded to have great tourism potential.
Players in Indonesia's tourism industry are optimistic that more than 15 million foreign tourists will visit Indonesia in full-year 2017. Based on the latest data from Indonesia's Statistics Agency (BPS), a total of 5.36 million foreigners went on holiday in the world's largest Archipelago in the first five months of 2017, up 20.9 percent (y/y) from foreign visitor arrivals in the same period one year earlier.
