Forecast: International Tourist Expenditures for Passenger Transport Items in Indonesia

International tourist expenditures for passenger transport items in Indonesia saw significant fluctuations over the last decade. From 2013 to 2019, expenditures increased moderately, peaking at $3.141 billion in 2019. However, the impact of the COVID-19 pandemic is evident with a dramatic drop to $0.327 billion in 2020. Recovery began in 2021, and expenditures reached $3.3686 billion in 2023. The year-on-year variation from 2022 to 2023 was 25.45%, with a 5-year CAGR of 3.35%. Forecasts suggest continuous growth, reaching $3.8405 billion by 2028, indicating a 5-year CAGR of 2.08%.

Future trends to watch for include the pace of the post-pandemic recovery, the impact of global economic conditions on tourism, and potential changes in travel patterns and preferences. Additionally, advancements in transportation technology and infrastructure improvements within Indonesia could further influence expenditure trends.

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