The Impact of COVID-19 on the Finances of the Tourism Industry in Indonesia
Abstract
This study aims to look at the impact of COVID 19 on tourism-related sectors, including the air transportation sector, hospitality accommodation providers, and food and beverage providers, in this study the data obtained is sourced from interviews, journals, newspapers, and other information that supports the fulfillment of this paper. After analysis from various data sources where the tourism sector is very impacted by COVID-19, especially the number of tourists, so that the reduced needs of hotels and food providers, even impact the workforce in the field of tourism, which resulted in revenue, economy and finances fell completely, therefore the government provided stimulus in the form of, Fiscal Stimulus Policy and Policy of the Ministry of Tourism and Creative Economy.
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[8] Fadilah, M., Rifki 2020c. Impact of Coronavirus on Indonesian Tourism and Its Mitigation. Available at: https://theconversation.com/infactcoronavirusinturismIndonesia-and-mitigation-131014
[9] Nugroho, R. 2014. Public Policy. Jakarta: PT Elex Media Komputindo
[10] Picard, M. 2006. Bali: Tourism Culture and Culture Tourism. South Jakarta: Gramedia Popular Literature (KPG).
[11] Pyndick, R. S. and Rubinfeld, D. L. 2018. Microeconomis: Ninth Edition. England: Pearson.
[12] Setkab. 2020. 3 Presidential Directive on Tourism Sector Mitigation Measures. Available at: https://setkab.go.id/3-arahan-presiden-soal-langkah-mitigasi-sektor-pariwisata/
[13] Setkab. 2020. The Government will Conduct Social Protection Programs for Tourism and Creative Economy Actors. https://setkab.go.id/governmentwilldo-program-protection-socialfortourism-and-economy-creative/
[14] Zui, Zae, Ask 2020. Bali Provincial Government Abai- target visit. Tribun Bali
[15] AHLA. 2020. COVID-19 Devasting Hotel Industry. USA: AHLA. Available at: https://www.ahla.com/sites/default/files/FACT%20SHEET_COVID19%20Impact%20on%20Hotel%20Industry_4.22.20_updated.pdf
[16] Bisnis.com. 2020. New Formula Avtur Airline Operating Costs Are Cut. Available at: https://ekonomi.bisnis.com/read/20190212/44/887889/formula
[17] Capa. 2020. COVID-19. By the end of May, most world airlines will be bankrupt. Available at: https://centreforaviation.com/analysis/reports/covid-19-by-the-end-of-may-most-world-airlines-will-be-bankrupt-517512
[18] Detik Finance. 2020. Corona Impact, Airlines Start to House Pilots to Flight Attendants. Available at: https://finance.detik.com/berita-ekonomi-bisnis/d-4957536/imbas-corona-airline-from-home-pilot-to-flightattendant
[19] Central Bureau of Statistics (BPS). 2020. Development of Tourism and National Transportation.Jakarta: BPS.
[20] Central Bureau of Statistics. 2017. The proportion of Tourism Contribution to GDP, 2015 – 2017. Available at: https://www.bps.go.id/dynamictable/2018/05/18/1329/proporsi-kontribusi-tourism-to-GDP-2015.html
[21] CNBC. 2020. Ministry of Transportation Prohibits Flying to and from China To Prevent Corona. Available at:: https://www.cnbcindonesia.com/news/20200206152425-8-135867/kemenhub-ban-fly-from-china-to-prevent-corona
[22] CNN Indonesia. 2020. RI Temporarily Suspends Visa-Free Policy for WN China. Available at: https://www.cnnindonesia.com/internasional/20200202162924-106-470925/ri-stoptemporaryvisa-free-policyfor-wn-china
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[26] IATA. (2020). Potential for revenue losses due to COVID-19 "crisis". Available at: https://airlines.iata.org/news/potential-for-revenue-losses-of-113bn-due-to-covid-19
[27] Katadata.com. 2020. COVID-19 Pandemic Hits The World Tourism Industry. Available at: https://databoks.katadata.co.id/datapublish/2020/03/23/pandemi-covid-19-infacttoindustrytourism-world
[28] Kompas.com. 2020. Impact of Corona Virus 1226 Hotel in Indonesia Closed. Available at: https://money.kompas.com/read/2020/04/07/120414826/dampak-virus-corona-1226-hotel-in-Indonesia-closed
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[34] National Geographic. 2020. "How hard will the coronavirus hit the travel industry?" Available at: https://www.nationalgeographic.com/travel/2020/04/how-coronavirus-is- impacting-the-travel-industry/
[35] NB, 2020. "Governor of Bali Officially Opens the Entrance of Nusantara Tourists". Nusa Bali, August 1st, p. 1.
[36] PHRI and Horwath HTL. 2020. Survey of Hotel &Restaurant Market Sentiment in Indonesia on the Impact of the COVID-19 Outbreak. Jakarta: PHRI and Horwath HTL.
[37] Statista. 2020. Hotel and Hospitality Revenue Losses due to Coronavirus (COVID-19) Germany 2020. Available at: https://www.statista.com/statistics/1106399/coronavirus-covid-19-hotelhospitalityrevenuelosses-Germany
[38] The Jakarta Post. 2020. "37,000 SMEs hit by COVID-19 c risis as government prepares aid." Available at: https://www.thejakartapost.com/news/2020/04/16/37000-smes-hit-by-covid-19-crisis-as-government prepares-aid.html
[39] UNWTO. 2019. "UNWTO Tourism Highlits 2017 Edition". Madrid: UNWTO.
[40] UNWTO. 2020. 100% of Global Destinations Now Have COVID-19 Travel Restrictions, UNWTO Reports. Available at: https://www.unwto.org/news/covid-19-travel-restrictions on May 13, 2020\
[41] UNWTO. 2020. International Tourism 2020. Available at: https://www.unwto.org/international-tourism-and-covid-19
Published
2021-12-29
How to Cite
HIDAYAT, Wastam Wahyu; HUSADHA, Cahyadi.
The Impact of COVID-19 on the Finances of the Tourism Industry in Indonesia.
Journal of Environmental Management and Tourism, [S.l.], v. 12, n. 8, p. 2224 - 2231, dec. 2021.
ISSN 2068-7729.
Available at: <https://journals.aserspublishing.eu/jemt/article/view/6665>. Date accessed: 24 apr. 2024.
Section
Article
Copyright© 2023 The Author(s). Published by ASERS Publishing 2023. This is an open access article distributed under the terms of CC-BY 4.0 license.