Indonesia's Foreign Tourist Spending Projected to Reach a Maximum of US$8.1 Billion
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From 2010 to 2019, spending by foreign tourists in Indonesia showed an upward trend. In 2010, foreign tourist spending amounted to US$7.6 billion or Rp 111.7 trillion (exchange rate Rp 14,700/US$). In 2019, this increased to US$20 billion, equivalent to Rp 294 trillion.
However, this trend is threatened by the impact of the Covid-19 pandemic. Economists at Bank Mandiri have predicted three scenarios for foreign tourist spending based on the duration of the pandemic. The first scenario assumes a six-month pandemic duration, resulting in a salvaged US$8.1 billion or Rp 119.1 trillion in foreign tourist spending.
The second and third scenarios predict lower amounts of foreign tourist spending. In the second scenario (nine months), Indonesia could still receive US$5.2 billion or Rp 76.4 trillion in foreign tourist spending. The third prediction (12 months) estimates foreign tourist spending at only US$2.6 billion, equivalent to Rp 38.2 trillion.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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