The domestic visitor spending is projected to reach a record-breaking IDR 344tn, surpassing 2019 levels by 9.7%, while international visitor spending is expected to rise to IDR 291tn
The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) projects a record-breaking year for Indonesia’s Travel & Tourism sector in 2024, with jobs in the sector set to exceed 2019 levels to reach more than 12.5mn.
By 2034, the sector is expected to contribute nearly IDR 1,828tn annually to Indonesia’s GDP, representing 5.3% of the economy. Employment is projected to exceed 17mn, with one in nine working in the Travel & Tourism sector.
This year, the global body’s annual data foresees a sector filled with opportunities, with other metrics, such as economic contribution and domestic visitor spending, poised to set new records.
The latest figures reveal that the sector’s contribution to Indonesia’s economy is expected to surpass IDR 1,131tn this year, showing a robust 12.3% increase from the previous year and a 7.7% rise over the 2019 peak.
This reflects the sector’s essential role, contributing 5.1% to the national GDP.
The domestic visitor spending is projected to reach a record-breaking IDR 344tn, surpassing 2019 levels by 9.7%, while international visitor spending is expected to rise to IDR 291tn (USD 19.1bn), shy on 2019 levels by 5.4%. Indonesia presents an open and inviting climate for tourism investment, offering numerous advantages for investors.
Julia Simpson, WTTC President & CEO, said: “The outstanding growth of Indonesia’s Travel & Tourism sector is a clear indicator of the government’s strategic vision and commitment to the sector. Its policies have fostered an environment conducive to investment and development, significantly enhancing Indonesia’s status as a premier travel destination.”
Indonesia’s Travel & Tourism sector demonstrated strong recovery last year, growing 29.5% to nearly IDR 1,008tn, representing 4.8% of the national economic output. The sector created more than 543K new jobs, to reach more than 12mn, just 2.3% below 2019 levels.
The international spending saw notable increases last year, rising 121.2% to reach IDR 238tn, with domestic spending growing 8.2% to IDR 321.4tn.
