How Coronavirus Could Affect the Travel and Tourism Industry
Forbes Indonesia|May 2020
Faced with exceptional circumstances, the travel and tourism industry has found itself grappling with an unprecedented level of disruption, as more borders close and travel restrictions mount.
Elisa Valenta
How Coronavirus Could Affect the Travel and Tourism Industry

Since the news of COVID-19 broke in January, Indonesia’s travel industry has been dealt a massive blow with mass cancellations of flight and hotel bookings. The country has recorded slower growth in tourist arrivals following bans applied to visitors from China and other countries that become the epicenter of the outbreak. On March 20, the government also suspended visa-free and visa-on-arrival arrangements for 169 countries and territories for one month.

COVID-19 has hit tourism and left tourist destinations across the county empty of visitors. Some famous tourist sites are temporarily closed, such as Borobudur Temple in Central Java and Komodo National Park in East Nusa Tenggara - both are what the government labeled priority tourist destinations to boost revenue from the sector. Statistics Indonesia (BPS) data show that Indonesia has only 885,067 foreign tourist arrivals in February, a 28.85 % decline from February last year. Meanwhile, from January to February, Indonesia recorded 2.16 million foreign tourist visits, an 11.8 % drop from the 2.45 million tourists recorded during the same period last year.

Bali, whose biggest markets are Australia and China, has already lost most of its weekly foreign visitors since the travel ban to China was announced, according to the Indonesia Travel Association. The number of Chinese tourists arriving in Bali fell 3.44 % in January compared to the previous year, which had 111,515 arrivals. Restaurant chains have similarly been impacted. Made Sudana, a restaurant owner based in Sanur, admitted there is a downturn in visitors since January.

“The number of visitors has dropped significantly, and we have no clarity as well on how soon they can or will return,” Made says.

Diese Geschichte stammt aus der May 2020-Ausgabe von Forbes Indonesia.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der May 2020-Ausgabe von Forbes Indonesia.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS FORBES INDONESIAAlle anzeigen
BACK ON TRACK
Forbes Indonesia

BACK ON TRACK

Collective wealth gets a 21% boost to a record $162 billion amid an economic uptick.

time-read
10+ Minuten  |
December 2021
Championing Locals
Forbes Indonesia

Championing Locals

The wave of social commerce is enabling inclusive digital economies beyond urban areas.

time-read
6 Minuten  |
December 2021
Boys in the Bubble
Forbes Indonesia

Boys in the Bubble

Startups are supposed to specialize, but OPENSEA’s founders thrived by building a wide-open market for creating and trading all manner of NFTs, whether art, music or gaming. Now that they’re centimillionaires and poised to become billionaires, they have other worries: competitors, fraudsters and the next crypto crash.

time-read
6 Minuten  |
December 2021
Enduring Relations
Forbes Indonesia

Enduring Relations

The implementation of IA-CEPA amid the pandemic signifies the Indonesia-Australia’s commitment to recover and counter future challenges together.

time-read
6 Minuten  |
December 2021
Sweet Success
Forbes Indonesia

Sweet Success

Steven Erwin envisions Unifam to become a major global player in the confectionery and F&B industry.

time-read
5 Minuten  |
December 2021
Marathon Man
Forbes Indonesia

Marathon Man

Across America, scores of municipal pension funds remain scandalously underfunded. But not the pension fund of Tampa’s police and firemen, thanks in large part to JAY BOWEN, whose no-frills approach to stock picking has protected and served them for more than 45 years.

time-read
5 Minuten  |
December 2021
Gold Rallies on Inflation Fears
Forbes Indonesia

Gold Rallies on Inflation Fears

During September the price of gold rallied to $1,868 per ounce following the release of figures on US inflation by the Bureau of Labor Statistics which indicated that, as of September, CPI inflation had rocketed to 6.2%, above the 5.8% which economists had been predicting.

time-read
2 Minuten  |
December 2021
Set Off to A New Start
Forbes Indonesia

Set Off to A New Start

Bank Aladin has two main ingredients for success: establish trust and offer better customer experiences.

time-read
5 Minuten  |
December 2021
The Daily Intake
Forbes Indonesia

The Daily Intake

YOUVIT plans to invest further into marketing and grow into one of the leading vitamin brands in Indonesia.

time-read
4 Minuten  |
December 2021
THE CROESUS OF CRYPTO
Forbes Indonesia

THE CROESUS OF CRYPTO

FTX COFOUNDER SAM BANKMAN-FRIED BUILT A $22.5 BILLION FORTUNE BEFORE HIS 30TH BIRTHDAY BY PROFITING OFF THE CRYPTOCURRENCY FRENZY—BUT HE’S NOT A TRUE BELIEVER. HE JUST WANTS HIS WEALTH TO SURVIVE LONG ENOUGH TO GIVE IT ALL AWAY.

time-read
10+ Minuten  |
November 2021