Sandiaga Uno Eyes US$150bn Foreign Exchange Earnings from G20 in Bali

TEMPO.CO, Jakarta - Tourism and Creative Economy Minister Sandiaga Uno pegged the target for tourism’s foreign exchange from the G20 Summit in Bali at around US$100-150 million. He calculated the figure from the visit of 50,000 foreigners during the international agenda which is slated to be held in November 2022.

“We are targeting (foreign tourists’ spending) between US$2,000 to 2,000 per tourist or per conference participant,” said Sandiaga in The Weekly Brief with Sandi Uno at the Tourism and Creative Economy Ministry, Monday, October 31, 2022.

He expected that the visits not only increase the quantity but also encourage quality tourism, which is evident from a longer length of stay and higher spending money. If the target is achieved, the minister ensured that the economic impact of the G20 Summit can support tourism foreign exchange entering Indonesia throughout 2022.

Moreover, this year is the first year of tourism reopening for foreign tourists in the wake of the COVID-19 pandemic. “So it may be 20 to 25 percent of the tourism foreign exchange that we can get,” said Sandiaga Uno.

Indonesia’s G20 Presidency will take place in Nusa Dua, Bali, on November 15-16, 2022. At this conference, the leaders of the G20 member countries and a number of invited countries will meet to discuss various issues, including the handling of the economic downturn and equal access to health—as proposed by Indonesia.

RIRI RAHAYU | BISNIS

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