With a million rupiah currently equal to around US$65, you’ll be transformed into a millionaire the moment you touch down in Indonesia.
13.11.2023 - 03:29 / skift.com / Rafat Ali
That’s according to latest research put out by the Global Wellness Institute, in its annual state of the global wellness sector, of which tourism is one part.
From the report: The wellness tourism market plummeted from 2019 to 2020 ($720 billion to $351 billion), but has seen 36% annual spending growth, and 30% annual wellness trip growth, from 2020 to 2022—significantly higher than growth rates for overall tourism trips and expenditures, at 23.8% and 28.4%.
Wellness travelers made 819.4 million international and domestic wellness trips in 2022, a major increase over 2020 (483 million) and 2021 (608 million) levels. Wellness trips accounted for 7.8% of all tourism trips but represented 18.7% of all tourism expenditures in 2022 (so almost 1 in 5 total “travel dollars”). The wellness tourism market is forecast to more than double from 2022 to 2027, with dramatic spending jumps from 2022 ($651 billion) to 2023 ($868 billion) to 2024 ($1 trillion), as the market continues its supercharged recovery. After that, it’s likely to taper off to a still strong, but less overheated growth curve.
There are some wrinkles to the recovery, as the report points out that the wellness tourism, spa and thermal/mineral springs markets were the hardest hit by the pandemic, given widespread travel restrictions and business shutdowns.
All three grew rapidly in 2021-2022, but haven’t quite yet recovered to their pre-pandemic levels. A key factor is the ongoing recovery of the global tourism market: as of 2022, international trips were still at 62% of their pre-pandemic level, and domestic trips were at 73% (Euromonitor data). The Asia-Pacific region has especially lagged in recovery, due to prolonged pandemic restrictions and border closures in China, the dearth of Chinese tourists throughout the region, weakening economic conditions in China and Japan, currency depreciation, and other factors.
With a million rupiah currently equal to around US$65, you’ll be transformed into a millionaire the moment you touch down in Indonesia.
There's a lot of excitement within the travel rewards landscape at the idea of a new rewards credit card, new transfer partners and the idea of a new-to-everyone welcome offer. And for the last few weeks, Wells Fargo and its Autograph card portfolio have been at the center of some of that speculation.
This series of articles about credit cards, points and miles, and budgeting for travel is brought to you in partnership with The Points Guy.
In the good old days, Indonesia had only two uncomplicated seasons: wet and dry. But then climate change teamed up with El Nino and La Niña to turn the weather upside down.
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After the 20-minute sail across southeast Lombok's Awang Bay, stepping onto the honey-hued sands of Innit feels like arriving at a private island retreat. It's easy to be fooled into thinking you're all alone here: Mammoth boulders and steep cliffs border the shore on one side, and a string of undeveloped coves stretches out from the other. Wedged in between, Innit's seven beach houses are the only signs of life. Designed by celebrated Indonesian architects Gregorius Yolodi and Andra Matin, who took cues from Lombok's stilted lumbung barns, they all feature two terrazzo-floor bedrooms surrounded by glass walls and vertical slats made from local timber. Down at the breezy restaurant, Indonesian classics such as deconstructed gado gado with tempeh cubes and cabbage roll-ups are served with endearing fine-dining pizzazz. Innit can also organize paddleboard tours, surf lessons, and spear-fishing expeditions, followed by a bonfire on the beach, where the catch is grilled.
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Over the centuries, Sierra Leone has been a place of refuge. The Limba peoples were drawn by whispers of a land untouched by turmoil in Africa’s Sahelian kingdoms, and other tribes set out for there too, including the Mende, Loko, Susu, Fula, Temne and Sherbro. It was a place that embraced diversity, setting the stage for a journey of culinary exploration and growth that’s shaped the food history of Sierra Leone — or ‘Salone’ as many of its people call it.