Indonesia expects increased foreign investment in 2014

Reports from the International Hotel Investment Forum (IHIF) in Berlin show Indonesia's tourism is projected to draw more international investors in 2014, given 2013's strong performance and the sector's expected growth in regional countries.

“Indonesia’s tourism performance last year was quite satisfactory. We have managed an increase of 9.4 percent in arrivals, reaching a total of 8.8 million international arrivals, which was higher than the 8.6 million last year," said Indonesia vice minister of tourism and creative economy, Sapta Nirwandar. "Tourism receipts also rose 10.2 percent to $10.1 million.”

Sapta added the domestic market charted another achievemen, with 248 million movements with a total spending of $15.2 billion.

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On the investment side, Sapta quoted data from the Investment Coordinating Board (BKPM), saying the country saw $602.7 million, of which foreign investment totalled $462.5 million. Tourism investment ranks 16th and contributed approximately three percent of the country's total national investment.

Among the Indonesian delegations to Berlin were Teluk Mekaki Indah and Eco Solution Lombok integrated resort projects developer and Carlson Panorama Hospitality (CPH), which has planned to develop 20 hotels in less than seven years with a total investment of $250 million. Currently, CPH has four projects running.