Retail sales look set to rise at a current value CAGR of 13% (2023 constant value CAGR of 10%) over 2023-2028 to amount to IDR35 billion, bypassing sales recorded before the pandemic. This will be due to an increase in foreign and local leisure travellers following the pandemic.
Luxury hotels is expected to see retail sales rise at a CAGR of 13% (10% 2023 constant value CAGR) over 2023-2028, making it the most dynamic category within experiential luxury. Sales will rise to amount to IDR35 billion as a result of an ongoing desire to enjoy luxury experiences and travel, including stays in luxury hotels.
Indonesia is also stepping up its efforts to attract digital nomads. In June 2022, the government unveiled plans for a digital nomad visa.
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Understand the latest market trends and future growth opportunities for the Experiential Luxury industry in Indonesia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Experiential Luxury industry in Indonesia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Experiential Luxury
This is an aggregation of Luxury Hotels and Luxury Foodservice.
See All of Our DefinitionsThis report originates from Passport, our Experiential Luxury research and analysis database.
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