Proceedings of the 1st International Conference of Economics, Management, Accounting, and Business Digital (ICEMAB 2024)

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Rupiah and Foreign Investment: Analysis of Impact on the Number of Foreign Tourists in Indonesia 2005-2023

Authors
Jannes Maharaja1, Muhammad Syafii1, Daniel Ebenezer Silaban1, *
1Doctoral Program in Economic Science, Universitas Sumatera Utara, Medan, Indonesia
*Corresponding author. Email: danielsilaban17@gmail.com
Corresponding Author
Daniel Ebenezer Silaban
Available Online 23 December 2024.
DOI
10.2991/978-94-6463-614-7_2How to use a DOI?
Keywords
Exchange Rate Fluctuations; Foreign Investment; Foreign Tourists; PLS-SEM; Tourism Infrastructure
Abstract

This research aims to evaluate the impact of fluctuations in the Rupiah exchange rate and foreign direct investment (FDI) on the number of foreign tourists visiting Indonesia during the 2005-2023 period. Using a quantitative approach, this research adopts the Partial Least Squares Structural Equation Modeling (PLS-SEM) model to analyze secondary data from Bank Indonesia, the Central Statistics Agency (BPS), and the Investment Coordinating Board (BKPM). The main variables analyzed include fluctuations in the Rupiah exchange rate (IDR/USD), hotel occupancy rates, number of international flights, FDI in the tourism sector, and the number of foreign tourists. The research results reveal that fluctuations in the Rupiah exchange rate do not have a significant influence on FDI or the number of foreign tourists, either directly or indirectly. FDI also does not show a significant influence on the number of tourists. Meanwhile, hotel occupancy rates show a significant influence on the number of foreign tourists, but not on FDI. The number of international flights has a significant influence on the number of foreign tourists, but not on FDI.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 1st International Conference of Economics, Management, Accounting, and Business Digital (ICEMAB 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
23 December 2024
ISBN
978-94-6463-614-7
ISSN
2352-5428
DOI
10.2991/978-94-6463-614-7_2How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Jannes Maharaja
AU  - Muhammad Syafii
AU  - Daniel Ebenezer Silaban
PY  - 2024
DA  - 2024/12/23
TI  - Rupiah and Foreign Investment: Analysis of Impact on the Number of Foreign Tourists in Indonesia 2005-2023
BT  - Proceedings of the 1st International Conference of Economics, Management, Accounting, and Business Digital (ICEMAB 2024)
PB  - Atlantis Press
SP  - 5
EP  - 11
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-614-7_2
DO  - 10.2991/978-94-6463-614-7_2
ID  - Maharaja2024
ER  -