Friday, August 04, 2017

Issue Number: 517

Tourism Business in Wonderful Indonesia

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Overview In 2014, the state earned approximately IDR 136 trillion through tourism, meaning that the sector was the fourth-largest contributor to the country’s revenue after oil and gas, coal and palm oil. However an even more ambitious, if not utopian, target was then set by the Minister of Tourism, who stated that Indonesia’s tourism sector would generate no less than IDR 260 trillion in 2020, thus positioning the sector as the biggest contributor to the national economy overall. Meanwhile, investment in the tourism sector is this year expected to reach USD 1....

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