Sunday, September 7, 2014

Growth of Indonesia's Tourism Economy Outpacing the National Economy for Semester One 2014 quotes Indonesia's Minister of Tourism and the Creative Economy, Mari Elka Pangestu, saying that in the first half of 2014 domestic tourists in Indonesia number 107 million who spent an estimated Rp. 76.16 trillion (US$6.6 billion).

These results, according to the Minister, allow her to remain optimistic that a target of 255 domestic tourists taking a holiday by the end of 2014 remains achievable.

Her optimism, she claimed, is buoyed further by the numerous events and festivals, both on a national and international level, being held across the nation and promoted to the media. 

The Minister continued, saying: "To increase domestic tourism numbers promotional efforts launched at main markets must be undertaken, including working together with airlines."

The Minister said tourism and the creative economy has become a major source of growth in the national economy. The Gross National Tourism Product through the end of the first-half of 2014 grew 6.86%, growing faster than the national economy as a whole that grew 5.17% in the same period. 

The contribution of tourism to the Gross National Product for the first semester of 2014 hit Rp. 136.76 trillion (US$ 11.9 billion). Minister Pangestu said: "The biggest contribution came from the restaurant sector at Rp. 104.06 trillion (US$9 billion) followed by the hotel sector at Rp. 19.51 trillion (US$1.7 billion) and recreational-entertainment centers at Rp. 13.18 trillion (US$1.15 billion).

Meanwhile the Minister projects that the creative economy has grown 5.12% during the first half of 2014, a rate approximately equal to the rate of growth for the Indonesian economy as a whole.

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