Indonesia is targeting more than US$5 billion in tourism investment this year and the Ministry of Tourism and Creative Economy (MoTCE) wants investors to inject their money beyond hotel developments.
Investment plans and schemes have been set up and will be presented during The 2024 Indonesia Tourism and Investment Forum (ITIF 2024), set for June 5 and 6 in Jakarta. Investments are targeted for the five Super Priority Development areas – Lake Toba, Borobudur, Mandalika, Labuan Bajo, and Likupang – plus the surroundings of Nusantara, the new capital city.
The 2024 Indonesia Tourism and Investment Forum will take place in Jakarta from June 5 to 6
During ITIF 2024, discussions will be held on hotel and restaurant investments as well as areas seeing growth, such as golf courses, medical tourism, and hospitals, said Rizki Handayani Mustafa, MoTCE’s deputy for industry and investment.
She added that enquiries from local and international hospitals keen on opening branches in Indonesia have spurred a deeper look into medical tourism development.
Apart from the main conference, there will be an Indonesia-India round-table discussion, according to Rizki, in response to the growing investment interest from India, as well as a round-table talk with Russia related to sustainability and other potential projects.
Triawan Munaf, vice chairman of tourism and creative economy at Indonesia Chamber of Commerce, said that while ITIF 2024 was one of the ways to attract investment, regional governments and developers must be clear about their destination’s strengths, needs, business potential, and seasonal waves to lure investors.
“(Investors) will choose places that need tourism infrastructure and facility development. In Lombok, for example, during the MotoGP season, we saw a need for more rooms because hotels were full. However, an investor would consider whether his hotel would be full all year before deciding to build one,” he explained.
Meanwhile, Ridha Wirakusumah, CEO of the Indonesia Investment Authority, pointed out that while Indonesia has a strong investment case, it needed to build a positive image to attract investors.
Indonesia is targeting more than US$5 billion in tourism investment this year and the Ministry of Tourism and Creative Economy (MoTCE) wants investors to inject their money beyond hotel developments.
Investment plans and schemes have been set up and will be presented during The 2024 Indonesia Tourism and Investment Forum (ITIF 2024), set for June 5 and 6 in Jakarta. Investments are targeted for the five Super Priority Development areas – Lake Toba, Borobudur, Mandalika, Labuan Bajo, and Likupang – plus the surroundings of Nusantara, the new capital city.
During ITIF 2024, discussions will be held on hotel and restaurant investments as well as areas seeing growth, such as golf courses, medical tourism, and hospitals, said Rizki Handayani Mustafa, MoTCE’s deputy for industry and investment.
She added that enquiries from local and international hospitals keen on opening branches in Indonesia have spurred a deeper look into medical tourism development.
Apart from the main conference, there will be an Indonesia-India round-table discussion, according to Rizki, in response to the growing investment interest from India, as well as a round-table talk with Russia related to sustainability and other potential projects.
Triawan Munaf, vice chairman of tourism and creative economy at Indonesia Chamber of Commerce, said that while ITIF 2024 was one of the ways to attract investment, regional governments and developers must be clear about their destination’s strengths, needs, business potential, and seasonal waves to lure investors.
“(Investors) will choose places that need tourism infrastructure and facility development. In Lombok, for example, during the MotoGP season, we saw a need for more rooms because hotels were full. However, an investor would consider whether his hotel would be full all year before deciding to build one,” he explained.
Meanwhile, Ridha Wirakusumah, CEO of the Indonesia Investment Authority, pointed out that while Indonesia has a strong investment case, it needed to build a positive image to attract investors.