The Ministry of Tourism and Creative Economy of Indonesia reported that tourism investment reached IDR 23.71 trillion in the first half of 2024. Of this amount, IDR 9.26 trillion was from foreign direct investment (FDI), while IDR 14.46 trillion came from domestic direct investment (DDI). During a press briefing in Jakarta on 19 August 2024, Minister of Tourism and Creative Economy, Sandiaga Uno, highlighted that investments in hotels, restaurants, cafes, and other tourism-supporting sectors dominated the tourism investment landscape in Indonesia. He also noted that in the second half of 2024, investments in the preparation of tourism packages related to Meetings, Incentives, Conferences, and Exhibitions (MICE) will see significant growth, further enhancing Indonesia’s attractiveness as a tourist destination.
Deputy for Industry and Investment at the Ministry of Tourism and Creative Economy, Rizki Handayani, revealed that the largest investors in Indonesia’s tourism sector are Singapore, Japan, India, and Australia. Rizki emphasized the importance of collaboration with various stakeholders to boost tourism investment in the country. She also announced that in October and November 2024, the Ministry will hold technical coordination meetings with regional governments to map out investment projects across Indonesia. Rizki further explained that tourism investment is not limited to physical infrastructure but also includes sustainable practices. For instance, Badung Regency in Bali requires investment in waste management systems to support its tourism sector. This investment growth reflects the continued confidence in Indonesia’s tourism potential and its commitment to sustainable development in the industry.
