Between 2013 and 2019, Indonesia's share of travel services in services exports steadily increased from around 39.75% to 53.45%, showcasing significant growth in the travel sector. However, the impact of the COVID-19 pandemic caused a sharp decline by 2021, dropping to just 3.73%. Signs of recovery were evident in 2022 with a share of 29.07%, stabilizing at this level through 2028, according to forecasts.

As of 2023, the value stood at 29.07. The year-on-year variation from 2022 to 2023 showed no change, reflecting stability. Over the past five years, the CAGR indicated a 0% average annual change, suggesting a slow recovery post-pandemic.

Future Trends to Watch For:

Potential growth driven by global travel resurgence and increased domestic travel policies.
The role of digitalization in enhancing travel services and improving efficiency.
Possible government initiatives and investments to boost tourism post-pandemic.
Shifts in traveler preferences and sustainable tourism practices could also influence the sector's growth.