The Hospitality Investment Conference Indonesia 2017 casts spotlight

Hospitality Investment ConferenceIndonesia and the third edition of the Hospitality Investment Conference Indonesia 2017 will cast the spotlight on Indonesia’s New Destinations, which will undoubtedly fuel the continual development of the hotel market in the archipelago, once again facilitating meaningful exchange and interaction amongst industry peers in the region.

The conference is on at Le Meridien Jakarta from May 4-5. Tourism currently makes up about 10 per cent of our total GDP and is the fourth biggest contributor to foreign reserves. It isÊpredicted that it will become the core business of the Indonesian economy since it has been showing steady growth of about 10.3 per cent, compared with that of ASEAN and worldwide growth at 5.1 per cent and 4.4 per cent respectively.

However, to reachÊthe target of 20 million foreign tourist and 275 million domestic tourist movement in 2019, there remains much to be done.ÊThey have begun by tackling the issue of access by waiving visa requirements for more than 160 nationalities, increasing the number of direct flights to and within the archipelago, and extending the reach of our hotels and destinations through digital marketing.

The combined Foreign and Domestic Direct Investment in tourism reached $1.35 billion in 2016, more than 80 per cent of which went to the development of accommodation. To further encourage tourism investment in Indonesia,Êthey are focused on improving infrastructure and facilities, amenities, tourism development and the ongoing restoration of key strategic destinations.ÊAll areÊwelcomed toÊwonderful Indonesia.

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