Business, News

Visitors may Spend $68 Million During IMF-WB Meeting: Bappenas

Visitors may spend $68 million during IMF-WB meeting The National Development Planning Agency (Bappenas) estimates that visitors and participants of the 2018...

Written by Jurnalis Industri · 48 sec read >
IMF-WB meeting 

Visitors may spend $68 million during IMF-WB meeting The National Development Planning Agency (Bappenas) estimates that visitors and participants of the 2018 IMF-World Bank Annual Meeting in Bali will spend around Rp944 billion (US$68 million) during their stay on the resort island.

IMF-WB meeting 
Ubud, pictured above, is a popular tourist attraction of Bali, which is readying itself to welcome delegates to the IMF-World Bank meeting in October 2018. Visitors may spend $68 million during IMF-WB meeting  (Shutterstock/Iryna Rasko)

According to the agency’s preliminary study on the economic impact of the international meeting on tourism in Bali, 95.2 percent of the tourism expenditure will come from foreign visitors and some 4.8 percent from domestic visitors.

The largest chunk of the visitors’ expenditure at Rp569.9 billion is expected to go toward accommodation, followed by food and beverages at Rp190.5 billion, transportation at Rp36.1 billion, entertainment at Rp57 billion and souvenirs at Rp90.2 billion.

With appropriate policies Indonesia could attract more tourists and increase their spending, agency head Bambang Brodjonegoro said, as quoted by kompas.com.

“It can accelerate the increase of trade and business transactions during and after the event, and encourage an increase of foreign investment into Indonesia,” he said.

Indonesia, the agency said, would spend around Rp 1.1 trillion to organize the international meeting. Visitors may spend $68 million during IMF-WB meeting (roi/ahw, The Jakarta Post)

Leave a Reply

Your email address will not be published. Required fields are marked *