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Jakarta Post

Visitors may spend $68 million during IMF-WB meeting: Bappenas

  • News Desk

    The Jakarta Post

Jakarta   /   Sat, April 28, 2018   /   02:15 pm
Visitors may spend $68 million during IMF-WB meeting: Bappenas 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. (Shutterstock/Iryna Rasko)

The National Development Planning Agency (Bappenas) estimates that visitors and participants of the 2018 IMF-World Bank Annual Meeting in Bali will spend around Rp 944 billion (US$68 million) during their stay on the resort island.

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 Rp 569.9 billion is expected to go toward accommodation, followed by food and beverages at Rp 190.5 billion, transportation at Rp 36.1 billion, entertainment at Rp 57 billion and souvenirs at Rp 90.2 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. (roi/ahw)