The Indonesia’s Tourism Sector Provides Very Promising Return On Investment | Invest Islands

The Indonesia’s Tourism Sector Provides Very Promising Return On Investment

Head of Indonesian Investment Coordinating Board (BKPM) Thomas Lembong invites foreign and domestic investors to invest in the tourism sector. The Indonesia’s tourism sector provides very promising return on investment.

Thomas exemplifies the investments made by investors in the tourism, especially in Bali ten years ago and how they enjoy the benefits now.

“The investors who invested in Bali ten years ago in hotels, resorts and villas, now surely they enjoy the benefits of tourism development in Indonesia. So now it is the time to invest in ‘New Bali’,” said Thomas.

The BKPM invites the investors to learn the tourist destination profiles in the Regional Investment Forum (RIF) to be held in Padang, West Sumatera, on October 15-17, 2017.

The growth of the tourism in the first half of 2017 is 35 percent compared to the same period the previous year. This certainly shows a big opportunity for significant return on investment and to grow further.

The BKPM data show during 2010 – 2016 the investment in tourism grew an average of 20 percent per year and absorbed 221,000 workers.

In the first semester of 2017, the investment realization in tourism reached US$929.14 million or Rp12.4 trillion. This value grew 37 percent compared to the figure in the first half of 2016.

Tourism Minister Arief Yahya also supports the RIF 2017 in Padang to boost the number of tourists visiting Indonesia.

“The investors attending the event can learn the priority destinations offered before deciding where to invest. Hopefully that will increase the number of tourists, foreign and domestic,” Arief added.

Arief further said to provide enough 3A (Attractions, Amenities and Accessibility) to meet the needs of tourists visiting Indonesia, the government and the business community should work together.

Meanwhile West Sumatra Governor Irwan Prayitno said that Padang has actually been known as an international hub port since the 16th century.

“West Sumatra is very open to business and investment. The beauty of Mount Padang, Mandeh Beach, and the delicacy of typical Padang food are ready to welcome foreign and domestic investors,” he said.

The investment promotion forum of RIF is organized by the BKPM, supported by the Tourism Ministry, Bank Indonesia and the Provincial Government of West Sumatra. Six out of 10 tourist destinations of “New Bali” will be offered in the forum.

The ten destinations are Lake Toba (North Sumatra), Tanjung Kelayang (Bangka Belitung), Tanjung Lesung (Banten), Kepulauan Seribu (Thousand Islands) and Kota Tua (DKI Jakarta), Borobudur (Central Java), and Bromo-Tengger-Semeru (East Java) and the 2 integrated tourism spots in West Sumatra named Mandeh and Gunung Padang will be the main destinations in the offer.

To date, 114 foreign investors from Australia, Japan, the United States, Singapore, China and the UK have confirmed to attend the event.

Approximately 66 meetings have been scheduled between the investors, local governments and local entrepreneurs to explore the investment opportunities in the tourism sector.

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