Forecast: International Tourism Receipts in Indonesia

The international tourism receipts in Indonesia showed impressive growth from 2012 to 2019, peaking at 9.2 units. This period experienced consistent year-on-year increases, reaching up to 20.92% in 2015. However, the onset of the COVID-19 pandemic led to a drastic 78.46% decrease in 2020. Although there was a rebound in 2021 with a 95.88% increase, the receipts never fully recovered, with significant declines observed in subsequent years. By 2023, the value stabilized at 3.88 units. Over the last five years, the forecasted CAGR is -5.67%, indicating continuous decline. Future trends to watch include potential recovery influenced by global travel sentiment and health safety perceptions, impacting long-term receipt growth. We should also monitor geopolitical stability and regional tourism policies, which could play a crucial role in shaping the landscape of Indonesia's tourism receipts in the coming years.