Tourism

Boasting the world’s largest tropical coastline and renowned cultural heritage sites, Indonesia is becoming a leading tourism destination in South-east Asia. Strong gains have been noted internationally, with the World Economic Forum declaring Indonesia the region’s fourth-most-competitive destination after Singapore, Malaysia and Thailand in its most recent “Travel and Tourism Competitiveness Report” for 2017. Globally, Indonesia ranked 42nd out of 136 economies, an increase of eight spots over 2016. Tourist arrivals have recorded gradual growth in recent years – with 14m and 15.8m in 2017 and 2018, respectively, according to the Ministry of Tourism – but a string of natural disasters and other challenges have impacted the achievement of certain targets. This chapter also contains interviews with Shirley Tan, CEO, Rajawali Property Group, and Henry Hendrawan, CFO, Traveloka.