The Influence of economic growth, exchange rate, and inflation on foreign tourist visits to Indonesia
DOI:
https://doi.org/10.31328/jsed.v6i2.4860Keywords:
economic growth, exchange rate, foreign tourist visit, inflation, tourism economicAbstract
Tourism is one of the economic sectors that can quickly bring in foreign exchange for the country if managed properly and sustainably. Many economic variable factors influence the demand and supply of the tourism industry, especially the level of foreign tourist visits, such as economic growth, exchange rate, and inflation. This study aimed to determine the influence of economic variable factors, especially economic growth, exchange rate, and inflation, on the number of foreign tourist visits in Indonesia. A quantitative descriptive method is used in this study. To analyze the factors influencing the number of foreign tourist visits in Indonesia, independent variables such as economic growth, exchange rate, and inflation are used in the Multiple Linear Regression equation model. The data used in this study is secondary data on annual time series for the period 2001 – 2020. The research result shows that the number of foreign tourist visits in Indonesia is significantly influenced by economic growth and the exchange rate, while inflation has no significant effect. There are still other factors (non-economic) that influence the decision of tourists to visit. Several factors that need to be considered to increase the interest of foreign tourists visits in Indonesia are tourist attractions, accessibility, amenities, ancillary, attractive promotions, and social, political, and security stabilityJEL Classification A13; B55; D69References
Abraham, V. & Poria, Y. (2020). Political identification, animosity, and consequences on tourist attitudes and behaviours. Current Issues in Tourism, 23(24), 3093–3110. https://doi.org/10.1080/13683500.2019.1679095
Ardiansyah, I. & Maulida, R. (2020). Kajian atraksi, amenitas dan aksesibilitas untuk pengembangan kepariwisataan di taman wisata alam Gunung Pancar Kabupaten Bogor. Jurnal Inovasi Penelitian, 1(4), 707–716. Retrieved from https://stp-mataram.e-journal.id/JIP/article/view/151
Astawa, I. N. W. (2015). Faktor-faktor yang mempengaruhi jumlah kunjungan wisatawan di Propinsi Bali periode tahun 2010-2014. Jurnal Ilmu Manajemen Mahasaraswati, 5(2).
Athari, S. A., Alola, U. V., Ghasemi, M. & Alola, A. A. (2021). The (Un)sticky role of exchange and inflation rate in tourism development: insight from the low and high political risk destinations. Current Issues in Tourism, 24(12), 1670–1685. https://doi.org/10.1080/13683500.2020.1798893
Azizurrohman, M., Hartarto, R. B., Lin, Y. M. & Nahar, F. H. (2021). The role of foreign tourists in economic growth: Evidence from Indonesia. Jurnal Ekonomi & Studi Pembangunan, 22(2), 313–322. https://doi.org/10.18196/jesp.v22i2.11591
BPS. (2023a). Statistik Pariwisata. BPS Pusat, Jakarta. https://www.bps.go.id/subject/16/pariwisata.html#subjekViewTab3
BPS. (2023b). PDB Lapangan Usaha. BPS Pusat, Jakarta. https://www.bps.go.id/subject/11/produk-domestik-bruto--lapangan-usaha-.html#subjekViewTab3
Faidzin, N. U. R. (2017). Pengaruh kurs rupiah per dollar Amerika terhadap jumlah wisatawan mancanegara (inbound) dan jumlah devisa pariwisata di Indonesia tahun 2006: M1 – 2015: M12. Jurnal Pendidikan Ekonomi (JUPE), 5(3). https://doi.org/10.26740/jupe.v5n3.p%p
Fairuuz, N., Nofrian, F. & Desmintari, D. (2022). Peranan jumlah wisatawan asing, nilai tukar, dan PMDN dalam sektor pariwisata terhadap pendapatan devisa pariwisata Indonesia. Jurnal Indonesia Sosial Sains, 3(4), 694–707. https://doi.org/10.36418/jiss.v3i4.570
Idealis, A. R. & Putra, T. R. (2021). Keterkaitan sosial dan politik terhadap efisiensi pariwisata di Asean. Buletin Ekonomika Pembangunan, 2(2), 285–310. Retrieved from https://journal.trunojoyo.ac.id/bep/article/view/13880
Jananto, A. (2018). Pengaruh suku bunga, inflasi dan nilai tukar terhadap stock returns pada subsectors industri pariwisata yang terdaftar di Bursa Efek Indonesia (BEI) pada Tahun 2011-2015. Petra Business & Management Review, 4(2), 44–67. Retrieved from https://publication.petra.ac.id/index.php/breview/article/view/9140
Khairun, K., Mahrinasari, M. & Pandjaitan, D. R. H. (2022). The effect of tourism destination image on tourist visit intention during COVID-19 pandemic. Journal of Tourism, Hospitality and Environment Management, 7(27), 450–467. https://doi.org/10.35631/JTHEM.727036
Khotimah, K., Wilopo & Hakim, L. (2017). Strategi pengembangan destinasi pariwisata budaya (Studi kasus pada kawasan situs Trowulan sebagai pariwisata budaya unggulan di Kabupaten Mojokerto). Jurnal Administrasi Bisnis S1 Universitas Brawijaya, 42(1), 56–65. Retrieved from http://administrasibisnis.studentjournal.ub.ac.id/index.php/jab/article/view/1657
Lopez-Cordova, E. (2020). Digital platforms and the demand for international tourism services. World Bank, Washington, DC. https://doi.org/10.1596/1813-9450-9147
Margareni, P. A. P. N., Djayastra, K. I. & Yasa, M. G. I. (2016). Faktor-faktor yang mempengaruhi kemiskinan di Provinsi Bali. Jurnal Kependudukan Dan Pengembangan Sumberdaya Manusia, XII(1), 101–110. Retrieved from https://ojs.unud.ac.id/index.php/piramida/article/view/30180
Medyawati, H. & Yunanto, M. (2022). Factors influencing the demand for Indonesian tourism. Journal of Economics and Business, 5(4). https://doi.org/10.31014/aior.1992.05.04.467
Nguyen, Q. H. (2021). Impact of investment in tourism infrastructure development on attracting international visitors: A nonlinear panel ARDL approach using Vietnam’s data. Economies, 9(3). https://doi.org/10.3390/economies9030131
Padmayoni, N. P. K. S. & Jember, I. M. (2020). Pengaruh jumlah wisatawan asing, jumlah uang beredar dan inflasi terhadap nilai tukar. E-Jurnal Ekonomi Pembangunan Universitas Udayana, 9(5), 1114–1142. Retrieved from https://ojs.unud.ac.id/index.php/eep/article/view/58345
Patera, M. I. & Suardana, I. W. (2015). Model hubungan pariwisata, kinerja perekonomian dan kemiskinan di Kabupaten Badung, Bali. Jurnal Kependudukan Dan Pengembangan Sumber Daya Manusia, 11(2), 95–105. Retrieved from https://ojs.unud.ac.id/index.php/piramida/article/view/23283
Permadi, L. A., Retnowati, W., Akhyar, M. & Oktaryani, G. A. S. (2021). Identifikasi atraksi, aksesibilitas, amenitas dan ancilliary twagunung tunak Desa Mertak Kecamatan Pujut Lombok Tengah. Prosiding Saintek – LPPM Universitas Mataram, 3, 12–20. Retrieved from https://jurnal.lppm.unram.ac.id/index.php/prosidingsaintek/article/download/219/220/370
Pham, T. & Nugroho, A. (2022). Tourism-induced poverty impacts of COVID-19 in Indonesia. Annals of Tourism Research Empirical Insights, 3(2), 100069. https://doi.org/10.1016/j.annale.2022.100069
Rasool, H., Maqbool, S. & Tarique, Md. (2021). The relationship between tourism and economic growth among BRICS countries: A panel cointegration analysis. Future Business Journal, 7(1), 1. https://doi.org/10.1186/s43093-020-00048-3
Rohman, T. R. & Azizah, S. (2019). Strategi pengembangan wisata edukasi peternakan di Kampung Susu Dinansty Desa Sidem Kecamatan Gondang Kabupaten Tulungangung Jawa Timur. Jurnal Karta Rahardja, 1(2), 65–71. Retrieved from https://ejurnal.malangkab.go.id/index.php/kr/article/view/20
Santoso, R. & Fianto, A. Y. A. (2020). Pengaruh marketing mix produk jasa terhadap keputusan berkunjung wisata bahari Jawa Timur. Jurnal Ekonomi dan Manajemen (KINERJA), 17(1), 69–79. https://doi.org/10.30872/jkin.v17i1.6191
Singagerda, F. S. I., Oktaviani, R., Hakim, D. B. & Kustiari, R. (2013). Analisis aliran investasi dan perdagangan pariwisata di Indonesia. Jurnal Bina Ekonomi, 17(2), 57–85. https://doi.org/10.26593/be.v17i2.812.%25p
Statista Research Department, S. (2023). Impact of inflation on travel and tourism worldwide. Statista Research Department, Sep 26, 2023.
Sufi, S. & Sabri, J. (2020). Perwujudan industri pariwisata 4.0 melalui implementasi digital tourism di kota Lhokseumawe. Jurnal Ilmu Sosial Dan Ilmu Politik Malikussaleh (JSPM), 1(1), 79. https://doi.org/10.29103/jspm.v1i1.3015
Sujai, M. (2016). Government strategy to attract international tourist. Kajian Ekonomi Keuangan, 20(1), 61–75. https://doi.org/10.31685/kek.v20i1.181
Sulasmiyati, S. (2019). Analyzing inflation influence toward the number of foreign tourists visiting Indonesia and their impact on indonesia’s economic growth. Media Bina Ilmiah, 14(3), 2181. https://doi.org/10.33758/mbi.v14i3.321
Supriyadi, E. & Kausar, D. R. K. (2017). The impact of inflation, exchange rate toward unemployment and poverty in Indonesia. Case study of small and medium enterprises at the tourists’ area of Lombok. Journal of Environmental Management and Tourism, 8(4), 825–834. https://doi.org/10.14505/jemt.v8.4(20).11
Wahim, I., Chu, J. Y. & Huynh-Cam, T. T. (2023). The effects of attraction, promotion and accessibility on revisiting intention to Tana Toraja, South Sulawesi, Indonesia. Journal of Mandalika Review, 2(1), 1–12. https://doi.org/10.55701/mandalika.v2i1.8
Way, I. H., Wuisang, C. E. & Supardjo, S. (2016). Analisis kebutuhan prasarana dan sarana pariwisata di Danau Uter Kecamatan Aitinyo Kabupaten Maybrat Propinsi Papua Barat. Spasial, 3(3), 27–37. https://doi.org/10.35793/sp.v3i3.13393
Wicaksono, B. B. (2022). Sebuah analisis pengaruh inflasi, suku bunga dan nilai tukar terhadap perkembangan pariwisata di Indonesia. Journal Economics and Strategy, 3(1), 13–23. https://doi.org/10.36490/jes.v2i2.277
Wiraguna, I. M. I. & Pratama, I. G. S. (2019). Analisis faktor-faktor yang mempengaruhi keputusan wisatawan berkunjung ke Bali Zoo di Singapadu, Gianyar. Warmadewa Management and Business Journal (WMBJ), 1(1), 45–54. http://dx.doi.org/10.22225/wmbj.1.1.1013.45-54
Wolah, F. F. Ch. (2016). Peranan promosi dalam meningkatkan kunjungan wisatawan di Kabupaten Poso. Acta Diurna Komunikasi, 5(2). Retrieved from https://ejournal.unsrat.ac.id/v3/index.php/actadiurnakomunikasi/article/view/11722
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
