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View all search resultsGovt to disburse Rp3.3 trillion for hard-hit tourist industry
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T
ourism and Creative Economy Minister Wishnutama Kusubandio vowed on Tuesday to disburse a Rp 3.3 trillion (US$224 million) grant for tourism-related businesses and local administrations, as it aimed to help cushion the impacts of the pandemic on the sector and improve health protocol implementation at tourist destinations.
The tourism grant is to be sourced from the government’s Rp 695.2 trillion COVID-19 national economic recovery fund, which is aimed at improving health care and bolstering the economy.
“This grant is expected to help the hotel and restaurant industry that is facing financial difficulties and the local administrations that are losing out on revenue due to the pandemic,” Wishnutama said in a statement, adding that the grant was expected to help the businesses and administrations until December.
The pandemic has depressed the tourist industry amid the imposition of large-scale social restrictions (PSBB) in various regions to curb virus transmission. It has wiped out around Rp 85 trillion of Indonesia’s tourism revenue as of July, with estimated Rp 70 trillion losses posted by the hotel and restaurant industry, according to data from the Indonesian Hotel and Restaurant Association (PHRI).
