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Hotels & Restaurants 3rd Largest Economic Sector

Hotel & Restaurant Chairman Emphasizes Potential & Challenges of Tourism Industry.

(3/31/2002) The Chairman of the Indonesian Hotel and Restaurant Association (PHRI), Mrs. Yanti Sukamdani Hardjoprakoso, recently announced that the sector of the economy represented by her organization generated revenues of US$ 2.5 billion in 2001, making it the third largest national moneymaker after gas & oil and the textile industries.

The PHRI leader emphasized that this figure will grow in the current year as the economy recovers from the aftershocks of the WTC 9-11 incident. Mrs. Sukamdani warned, however, "further improvements will take place only if three important pre-conditions are maintained, specifically the security situation, public order and political stability."

In reflecting over the past four years, the PHRI Chairman, spoke of the bitter experience of seeing some 160,000 of the nationís supply of 250,000 hotel rooms remain idle.

Nationwide the association represents more than 5,762 separate hotels and 1,733 hotels.