While Indonesia has long had a small and extremely wealthy elite, the steady economic growth and political stability that followed the departure of President Suharto and the Asian Financial Crisis in 1998 has lifted millions of people out of poverty and created a new middle class. The number of Indonesians in this category rose by 40% between 2003 and 2010, according to...
Indonesia Tourism
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Articles & Analysis | Indonesia's tourism sector to benefit from increased purchasing power of the middle class from The Report: Indonesia 2015
Articles & Analysis | Niche areas and a rich cultural heritage provide momentum for Indonesia's tourism sector from The Report: Indonesia 2015
Since the 1930s, the unique culture and picturesque landscape of Indonesia’s island of Bali has lured millions of visitors, from artists who found inspiration from the rice terraces and religious ceremonies in the cultural capital of Ubud, to those lured by the nightlife of Kuta and Seminyak. But even as Bali has boomed, the delights from the rest of Indonesia’s archipelago of...
Interviews & Viewpoints | Budi Tirtawisata, CEO, Panorama Group: Interview from The Report: Indonesia 2015
What more can be done to position Indonesia as the leading touristic destination in the region? Is enough being done in the public sphere?
Articles & Analysis | Marine segment offers great potential as Indonesia targets better accessibility from The Report: Indonesia 2015
With more than 17,000 islands spanning 54,716 km of coastline and some of the world’s most enchanting diving spots, Indonesia has major potential in the marine tourism segment. And while it is the world’s largest archipelagic country, the marine tourism sector has remained relatively undeveloped.
Since the 1930s, the unique cultural and picturesque landscape of Indonesia’s island of Bali has lured millions of visitors. But even as Bali has boomed, the delights from the rest of Indonesia’s archipelago of more than 17,000 Islands have often been overlooked. The new government of President Joko Widodo has vowed to change that. With a goal of attracting 20m visitors by 2020, it is urging...
Indonesia is transforming from a resources- and consumption-based economy to a more manufacturing- and investment-oriented one, working to build an industrial base that will allow it to reduce its dependence on imports and keep more value within the economy. Following his inauguration in October 2014, President Joko Widodo quickly took a number of vital and positive steps that so far are increasing opportunities for foreign direct investment.