USD 10 Billion of Revenue Loss is Predicted for Indonesia’s Tourism Sector in 2020

Indonesia's tourism industry is expected to see a loss of USD 10 billion in revenue this year, as the COVID-19 pandemic has almost crippled the industry, according to Wishnutama Kusubandio, the Minister for Indonesia’s Tourism and Creative Economy Ministry.

Wishnutama stated that Indonesia saw 16 million tourists visiting the country during 2019 generating USD 20 billion revenue. He added that that the number of foreign holiday makers visiting Indonesia is forecast to tumble to 5 million this year, reducing the potential revenue by a half of what was earned in 2019. He further mentioned that the tourism sector was expected to gradually recover in the second half of this year.

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