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THE INDONESIA’S tourism business in the hotel and restaurant sector has not been able to predict the investment prospects that will enter in the near future.
Investment realization which was not so bad in the first semester of 2021 is said to not be a guarantee. When referring to the data from the Ministry of Investment, the realization of investment in the hotel and restaurant sector in the first half of this year can be considered quite good considering the pandemic that is still hitting.
Investment that entered the sector from domestic investment (PMDN) was recorded at IDR8.9 trillion. Meanwhile, from foreign investment (PMA), hotels and restaurants earned US$187.8 million in coffers.
According to the Secretary General of the Indonesian Hotel and Restaurant Association (PHRI), Maulana Yusran, Monday (8/8) said the tourism sector is still a hope throughout the first semester of 2021. Growth is considered to still occur because the community movement was formed.
However, Maulana said this trend does not guarantee that investment will continue to flow to the hotel and restaurant sector in the second semester of 2021. The spike in cases and restriction policies imposed by the government are said to be the main obstacles to capital entry.
“Thus, in semester II/2021, investment in the hotel and restaurant sector cannot be predicted. Especially now that there is an oversupply in this sector. Especially, hotels located in the province of Bali,” said Maulana.
Currently, Maulana continued, it is difficult for business actors in the hotel and restaurant sector to determine the investment outlook that has the opportunity to enter. He also emphasized the Indonesian tourism sector to first build demand which is believed to be the trigger for capital inflows.
“Investing in hotels and restaurants will be quite attractive as long as there is something unique to be used as a trigger for tourists,” he noted.
He added that building demand to lure investors in is a tough homework. This is because accessibility to tourism areas in the country is still difficult as conditions in the related sectors have not yet recovered, especially flights due to no movement. [bisnis.com/photo special]
