Bisnis.com, BANDUNG— Bandung Mayor Muhammad Farhan is optimistic that the city's Economic Growth Rate (LPE) can stabilize above 5%, referring to several macro indicators.
One factor that strengthens Farhan's optimism is the performance of the tourism sector, which is considered to be improving.
Previously, Farhan acknowledged that Bandung's tourism sector faced two major blows throughout the previous year. These impacts included budget efficiency policies at the beginning of the year and a drastic decline in visits during the Ramadan and Eid al-Fitr periods.
Furthermore, security disturbances at the end of August also negatively impacted tourism performance, particularly in September. Nevertheless, Farhan emphasized that his office has seen a recovery trend in the past three months.
This indication of recovery is reinforced by increased economic activity, occupancy rates, and the presence of various events in Bandung. Although official tourist visit data is still being finalized, this positive trend is already reflected in macroeconomic performance.
Bandung's economic growth rate was recorded at 4.99% in the first quarter, then increased to 5.43% in the second quarter. This figure then stabilized at 5.26% in the third quarter, demonstrating the resilience of the local economy.
Farhan stated that this positive achievement must be maintained to strengthen the city's economic foundation.
"This serves as initial capital, a kind of springboard, to drive stronger economic growth going forward," he said at Bandung City Hall.
Therefore, his office will continue to strengthen leading sectors as the main drivers of the economy. These include tourism, culture, sports, and creative events, which are the main priorities for driving this growth.