Bali Missing its Chinese Visitors
Foreign Exchange Cost of Prolonged Chinese Exodus from Indonesia Could be More than US$4 Billion
The Indonesian Government anticipates the continuing cessation of tourism and flights between Indonesia and Mainland China may cost the Country as much as Rp. 54 trillion in lost foreign exchange
The Indonesian Government called a halt to all direct fights between Indonesia and China commencing at midnight, Wednesday, February 5, 2020. The move, intended to help halt the spread of the Nuvo Coronavirus will remain in effect until further notice causing huge losses to Indonesia’s aviation and tourism sectors.
As reported by Detik.com, the estimate shortfall on Rp. 54 trillion in foreign exchange is, at this stage, a rough estimate extrapolated from the estimates of average daily spend per lost visitors. The actual amount of loss revenues, when calculating in other factors like unpurchased air tickets, the amount could be much more.
The Indonesian Tourism Minister Wishnutama Kusubandio admits the financial impact of the potential loss of 2 million Chinese tourists expected to visit Indonesia in 2020 will be substantial perhaps amounting to US$4 billion or more.