It could be 2023 before Indonesia welcomes as many tourists as it did last year, according to Hotel Investment Strategies.

The company has used econometric forecasts of international visitor arrivals from Indonesia’s major source markets of Asia Pacific, Europe, Americas and the Middle East to derive total visitor forecasts for the period, 2020 to 2025.

The data indicates international visitors to Indonesia will fall by about 38 per cent , from 16.1 million in 2019 to 10 million in 2020, while there is a 60 per cent probability that the number of international visitors will fall between 8.5 million and 11.6 million this year.

HIS forecasts for international visitors for the following three years are 12.8 million (2021), 15 million (2022) and 16.4 million (2023).

Source: Hotel Investment Strategies

CEO Ross Woods said the firm planned to update its forecasts every three months as new economic data becomes available for Indonesia and its major source markets. 

"Our goal is to try to get our forecasts in the ballpark, good enough to help our clients make better decisions," he said

"Clients can then plan and manage their businesses effectively, and not waste resources doing it."

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