Below is a list with tagged columns and company profiles.

Today's Headlines Tourism

  • Business Trips & Tourism in Indonesia Boost Hotel Development

    As the number of foreign tourists rise rapidly and there is increasing demand for conferences, exhibitions and business meetings, Indonesia will see a massive inflow of investments for the construction of hotels and condominium hotels (condominium hotels combine features of apartments and hotels). In 2015, the value of new (condo) hotels projects is estimated at IDR 38.5 trillion (USD $3.2 billion), up 57.3 percent from last year. Locations that attract tourists and locations close to education centers are the primary choice.

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  • Economy of Indonesia: Inflation, Trade Balance & Manufacturing

    On Monday (03/11), several important macroeconomic data were released by statistics Indonesia. Firstly, inflation was relatively high in October at 0.47 percent month-on-month (m/m). Secondly, Indonesia posted another trade deficit in September (USD $270 million). Thirdly, Indonesia's October manufacturing activity showed a contraction (the country’s manufacturing Purchasing Manages' Index fell to a 14-month low of 49.2 in October). Lastly, a total of 791,300 foreign tourists visited Indonesia in September.

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  • Projects in Indonesia: Update on Jakarta’s Kota Tua Renovation Project

    Projects in Indonesia: Update on Jakarta’s Kota Tua Renovation Project

    Lin Che Wei, CEO of the Jakarta Old Town Revitalization Corporation, said that renovation of the Kota Tua area is expected to be finished before the start of the 2018 Asian Games. Kota Tua (Old Batavia) is the oldest part of Jakarta, located in the northern part of Indonesia’s capital city, spanning 1.3 square kilometres, and used to function as the centre of Dutch colonial rule in the 17th and 18th century. Currently, however, many buildings in the Kota Tua area are in a state of near collapse although the area has great tourism potential.

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  • Economic Update Indonesia: Inflation, Trade Balance & Manufacturing Activity

    Statistics Indonesia (BPS) released various economic data today (01/10) - including inflation, the trade balance and manufacturing activity - that give a good indication about the state of the Indonesian economy. Although not all data was positive, market participants were content, evidenced by an appreciating rupiah exchange rate and rising Indonesian stocks. Based on the Bloomberg Dollar Index, the rupiah appreciated 0.43 percent to IDR 12,135 per US dollar, while the Jakarta Composite Index climbed 0.06 percent on Tuesday (01/10).

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  • Tourism in Indonesia: Growing but not Reaching its Potential

    The Indonesian government should improve inter and intra island connectivity to boost the number of foreign and domestic tourists in Indonesia. Due to the country’s lack of quality and quantity of infrastructure, a number of Indonesian regions that contain huge tourist potential cannot be reached easily. This was one of the conclusions drawn at a dialogue about the progress made after the Masterplan for Acceleration and Expansion of Indonesia’s Economic Development (MP3EI) has been underway for three years.

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  • Number of Foreign Tourists in Indonesia Maintains Growth Momentum

    The number of foreign tourists visiting Indonesia increased 9.56 percent to 4.55 million in the first half of 2014 from 4.15 million foreign visitor arrivals in the same period last year. This result is considerably better than the government’s target of achieving an 8 percentage point growth in the first half of 2014. The Ministry for Tourism and Creative Economy is optimistic that this year’s target of welcoming 9.5 million foreign visitors in Indonesia will be realized. Last year, Indonesia was visited by 8.8 million foreign tourists.

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  • Foreign Tourist Arrivals to Indonesia Expected to Achieve Target in 2014

    After seeing foreign tourist arrivals to Indonesia reach 752,363 in May 2014, Indonesian Minister for Tourism and Creative Economy Mari Elka Pangestu stated that it is highly likely for Indonesia to achieve its target of 9.5 million foreign tourist arrivals this year. In the first five months of 2014, 3.70 million foreign tourists visited the world’s largest archipelago, a 9.96 percentage point growth compared to the same period in 2013 (which was 3.36 million). As usual, most foreign visitors entered Indonesia in Bali.

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  • Indonesia Investments' Newsletter of 4 May 2014 Released

    On 4 May 2014, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website in the last seven days. Most of the topics involve economic topics such as macroeconomic assumptions of the Indonesian government, April inflation, the March trade balance, April manufacturing, an update on the rupiah, the 2014 presidential election, and more.

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  • Foreign Tourist Arrivals to Indonesia Grow 10% in the First Quarter of 2014

    During the first three months of 2014, the total number of foreign tourist arrivals to Indonesia reached 2.22 million, a 10.07 percent increase from the first quarter in 2013 (2.02 million visitors). Suryamin, Head of Statistics Indonesia, said on Friday (02/05) that - as usual - most foreign tourists (816,470) entered Indonesia through Ngurah Rai International Airport on Bali, Indonesia's most popular island in terms of tourism. Other popular points of entry in Q1-2014 were Soekarno-Hatta International Airport (located just outside Jakarta) and Batam.

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  • Investments in Indonesia's Tourism Industry on Growing Tourist Numbers

    Investments in Indonesia's tourism industry are primarily aimed at the hotel and restaurant sector. Indonesia's Minister of Tourism and Creative Economy Mari Elka Pangestu said that investments in Indonesia's tourism industry reached a total of USD $602.6 million in 2013. This consisted of foreign investments (USD $462.5 million) and domestic investments (USD $140.2 million). Pangestu said that several domestic and foreign hotel operators are eager to expand their business in Indonesia as demand increases.

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Latest Columns Tourism

  • Escaping Jakarta's Chaos; Spending a Refreshing Weekend in Bogor

    Escaping Jakarta's Chaos; Spending a Refreshing Weekend in Bogor

    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).

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  • Tourism Industry: How Can Indonesia Tap Its Tourism Potential? Challenges & Opportunities

    Tourism Industry: How Can Indonesia Tap Its Tourism Potential? Challenges & Opportunities

    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.

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  • Airport Infrastructure Development in Indonesia: Bali & Yogyakarta

    Airport Infrastructure Development in Indonesia: Bali & Yogyakarta

    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.

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  • Tourism Industry Indonesia: Gov't Seeks $20 Billion of Investment

    Tourism Industry Indonesia: Gov't Seeks $20 Billion of Investment

    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.

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  • Tourism Sector Indonesia: 15 Million Foreign Tourists in 2017?

    Tourism in Indonesia: Gov't Sees 15 Million Foreign Tourists in 2017

    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.

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  • Visiting Indonesia's Komodo Island: What to Do & What Not to Do!

    Visiting Indonesia's Komodo Island: What to Do & What Not to Do!

    In early May 2017 it was reported in Indonesian media that a tourist from Singapore was bitten by a komodo dragon in the Komodo National Park, a famous park - located within the Lesser Sunda Islands in the eastern part of Indonesia - that was declared a World Heritage Site and a Man and Biosphere Reserve by UNESCO as well as selected as one of the New7Wonders of Nature. It is a popular tourist destination for both local and foreign tourists as they can observe the komodo dragon, a large lizard that has a dangerous venomous bite and fearsome reputation.

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  • Tourism Sector Indonesia Update: US Tourists, Opportunities & Challenges

    Tourism Sector Indonesia Update: US Tourists, Opportunities & Challenges

    Indonesia's Tourism Ministry is optimistic it can boost the number of American tourists who visit Indonesia by 25 percent to 375,000 individuals in 2017. Last year a total of 300,000 US citizens visited Indonesia for a holiday, up 11 percent year-on-year (y/y) from US visitor arrivals in the preceding year. Arief Yahya, Indonesian Tourism Minister, said the island of Bali is the favorite tourist destination for American tourists in Indonesia.

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  • Tourism in Indonesia: Labuan Bajo (Flores), the 'New Bali'?

    Tourism in Indonesia: Labuan Bajo (Flores), the 'New Bali'?

    Labuan Bajo, a small harbor town on the island of Flores in Indonesia's Nusa Tenggara region, is considered the "new Bali" due to its huge tourism potential. Blessed with beautiful and idyllic natural scenery (including beaches and offshore islands), foreign and domestic tourists will surely have a great experience. Although there are already about a dozen of high-class hotels (4 or 5 stars) and it is fairly well connected to other parts of Indonesia (through its Komodo Airport and port), the small fishing town remains underdeveloped for now.

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