Indonesia launches tourism investment initiative

Indonesia launched a new programme for enhancing communication among investors, policymakers and local authorities called the Indonesia Tourism Investor Club (ITIC.)

Established in response to feedback from the Indonesia Tourism Investment Forum (ITIF), the Club seeks to serve as a regularly updated and focused platform for stakeholder communication.

The ITIC’s launch is timely. In the first half of 2024, Indonesia’s tourism investments totalled around US$1.58 billion, with 61 per cent of such investments coming from foreign investors, particularly those from Singapore, India, and Australia.

Fostering timely communication

According to ITIC founder Teguh Anantawikrama, the Club offers members access to relevant market analyses, investment trends, as well as timely opportunities within the tourism industry.

Anantawikrama said: “[Such communication is] crucial for investors needing updates on the economy and new tourism projects. While exclusive, the ITIC will continuously update members on regional investment developments and new projects.” 

For his part, Indonesian minister for tourism and creative economy Sandiaga Salahuddin Uno praised the ITIC as a valuable tool for connecting investors in the tourism sector.

Uno said of the initiative: “This initiative fosters innovative thinking to drive investment and address our investment needs.”