Indonesian Tourism near to bankruptcy…?

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Indonesian Hotel and Restaurant Entrepreneurs  (members of PHRI, the Indonesia Association of Hotel and Restaurant) face high risk of default, even bankruptcy. This is due to the sluggishness of tourism throughout the year amid the Covid-19 pandemic. General Chairman of the Indonesian Hotel and Restaurant Association (PHRI) Hariyadi Sukamdani said that his association wanted intervention from banks through restructuring. If there is no intervention from banks, hotel and restaurant entrepreneurs will find it increasingly difficult to pay off debts. “We also ask for this debt restructuring the Tourism and Creative Economy Minister Sandiaga Uno to help fight for the Ministry of Finance because without banking intervention there will likely be very high defaults. Even the tourism sector is vulnerable to bankruptcy,” he said. But responding to that the Chairman GIPI, the Indonesian Tourism Industry Association where all tourism business associations are members, Didien Junaedy is grateful that PHRI reports the decline of the industry, but he asked for a comprehensive rescue policy from the banking / Ministry of Finance, reminded him not to limit it to hotels and restaurants. . Is tourism just that …? Didien asked a question. According to him, many other businesses in the tourism sector also need assistance, how to do it, let’s discuss it so that we can find a way to find a solution, Didien suggested. GIPI offers online discussions on Tuesday 23 March 2021, 15.30 WIB, said Didien Junaedy. ***