Year 2021 has been ended with positive sign of recovery. The economic growth in 2021 is expected to be 3.7 percent YoY. The inflation has been kept stable at 1.8 percent. Government Bonds yields is maintained at 6.5 percent. IDR Exchange rate is also stable, around IDR14.200-IDR14.600 per USD. That supports a positive impact on tourism industry. Given all indicators, the Indonesian economy in year 2022 will grow strong as before the pandemic. The expected economic growth in year 2022 will be between 5.0 to 5.2 percent. However, there are some challenges for the Indonesian economy ahead, especially for tourism industry. First, the on-going pandemic. The ongoing pandemic will cause the recovery of economic activities slow down. Second, the increase of price of cooking oil. This increase has led to increase of inflation that hikes the price of food and beverages, as part of tourism industry. Third, the increase of federal funds rate, as has been announced by the Federal Reserves. This increase will lead to the increase of domestic interest rate. Those three variables will challenge the Indonesian tourism industry during 2022, causing some obstacles to growth.
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