The forecasted international travel receipts for Indonesia are projected to grow steadily from 2024 to 2028. In 2024, the value is expected to be $21.71 billion, increasing annually to reach $28.06 billion by 2028. Compared to the 2023 figure of $20.00 billion, this represents a consistent growth trend over the forecast period.
Year-on-year variations indicate an increasing trend, with annual growth percentages reflecting a positive outlook for Indonesia's international travel receipts:
- 2024: Value stands at $21.71 billion
- 2025: Growth of approximately 7.45% to $23.33 billion
- 2026: Growth of around 6.86% to $24.93 billion
- 2027: Growth of about 6.30% to $26.50 billion
- 2028: Growth of approximately 5.89% to $28.06 billion
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is expected to be around 6.62%, reflecting a robust growth trajectory.
In the future, trends to watch for include the impact of global economic conditions, changes in travel regulations, advancements in tourism infrastructure, and Indonesia's marketing efforts to attract international tourists. Monitoring these factors will be crucial for sustaining and even enhancing the growth in international travel receipts.
