Tourism becomes the new star for Indonesian financial system

Published on : Tuesday, October 24, 2017

indexFor Indonesian economy, tourism is considered to be the new star based on the three-year performance report announced on Oct. 17 by the Tourism Ministry.

 

“Tourism offers the cheapest and easiest employment and contributes to the nation’s GDP and foreign exchange,” said Tourism Minister Arief Yahya.

 

Arief explained that the number of overseas visitors coming to the country has been growing for the last three years, “According to the January to August data for this year, the number is up by 25.68 percent,” said Arief.

 

In comparison to the growth rate of the ASEAN that is at seven percent, the number is around 3.5 times more and four times bigger than the world growth rate at 6.4 percent.

 

Indonesia had greeted over 9.3 million foreign tourists in 2014. In 2015, the number increased to 10.4 million visitors, and then back in 2016 the number almost reached 12 million. Up till the month of August this year the figure reached 9.2 million respectively.

 

In the meantime, the domestic tourist’s number also started increasing. In August 2017, the number reached 200 million visitors, higher than the original target of 180.5 million visitors.

 

“This is due to our efforts in strengthening the Wonderful Indonesia brand and improving the 14 pillars by Travel and Tourism Competitiveness Index [TTCI] and World Economic Forum,” he explained.

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