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TOURISM FOREIGN EXCHANGE REACHES US$4.26 BILLION, UP 10 TIMES FROM 2021

ACHIEVEMENT of tourism foreign exchange until the third quarter of 2022 has reached US$4.26 billion. The tourism foreign exchange earnings have exceeded the government’s target and have skyrocketed compared to 2021.

According to the Minister of Tourism and Creative Economy, Sandiaga, in a Year-End Press Conference (JPAT), Monday (12/26) explained, until the third quarter of 2022, the value of this foreign exchange has increased 10 times from last year and three times higher than the target of US$1.7 billion this year.

“The increase in tourism foreign exchange cannot be separated from the significant increase in foreign tourist arrivals this year in line with the economic recovery after the COVID-19 pandemic. Foreign tourist arrivals until October 2022 have reached 3.92 million visits or exceeded the target of 3.6 million visits in 2022. Even though 2023 is overshadowed by the challenges of a global economic recession, the Ministry of Tourism and Creative Economy is targeting an increase in foreign tourists to 7.4 million visits,” he said.

Sandiaga explained, the contribution of tourism’s gross domestic product (GDP) to national GDP this year was recorded at 3.6%, a temporary figure. The Ministry of Tourism and Creative Economy is optimistic that tourism’s GDP contribution will continue to increase and is expected to reach 4.1% next year.

Even though foreign tourists bring foreign exchange to Indonesia, continued Sandiaga, the government no longer only relies on foreign tourists as a driving force for the national tourism sector. He said, the potential for a global economic recession next year must be faced by also focusing on the movement of domestic tourists.

“In 2023, there will be several national holidays where promo packages can be easily launched so that the movement of domestic tourists is optimal and answers the concerns of 2023. The Tourism Ministry also targets domestic tourist arrivals next year to reach 1.2 billion to 1.4 billion movements,” he concluded. [traveltext.id]