The Indonesian travel intermediaries industry is projected to grow at a compound annual growth rate (CAGR) of 5.7% over 2012-2016, according to a report by the UK-based research firm BRICdata.
The country’s domestic tourism is also set to grow 2.8% in the same period, primarily driven by its rising levels of disposable income coupled with government incentives to modernise infrastructure.
With the promotional measures undertaken by the ministry of tourism, Indonesia’s inbound tourism is projected to grow 5.38% during 2012-2016.
Fuelled by the country’s strong economic forecast and positive business confidence, the industry will become increasingly competitive for domestic as well as foreign companies during the period, due to favourable government regulation.
Growing internet penetration is expected to boost the online travel sites demand in Indonesia, while mobile travel applications are expected to change the dynamics of the overall industry, the report concluded.
The full report ‘Emerging Opportunities and Growth Prospects in the Indonesian Travel Intermediaries Industry, Analyses and Forecasts to 2016’ is available from BRICdata. Click here for more details.