Lebaran Homecoming Becomes The Largest Money Turnover Facility In Indonesia Capai 25 Percent Every Year

ILLUSTRATION BETWEEN

JAKARTA - The Indonesian Chamber of Commerce and Industry (Kadin) revealed that public interest in traveling back and forth during Eid this year jumped significantly compared to last year.

This is an indicator that the post-pandemic financial condition of the community is getting better.

Deputy Chairperson of the Indonesian Chamber of Commerce and Industry for Regional Autonomy Development, Sarman Simanjorang, said that the number of travelers in 2023 reached 123.8 million people, an increase of 14.2 percent from 2022, while in 2024 based on data from the Ministry of Transportation the number of travelers was estimated at 193.6 million people or 71.7 percent of the total population of Indonesia.

"The increase in the number of travelers will increase the increase in the circulation of money, which is very large throughout the country, especially for homecoming destinations and tourist destinations," he said in an official statement, quoted on Friday, March 29.

Sarman assumes, with the number of travelers reaching 193.6 million people, if the average number per family is four people, then the number of travelers is equivalent to 48.4 million families.

Jaika each family is assumed to have brought an average of IDR 3,250,000, so the circulation of money during Ramadan and Eid al-Fitr 1445 H this year is estimated at IDR 157.3 trillion.

"This number still has the potential to increase, because we multiply the minimum or moderate number," he said.

Sarman conveyed that the culture of going home to celebrate Eid al-Fitr with his family in his hometown is the largest means of money circulation in Indonesia, which is estimated to reach 25 percent every year.

"This turnaround will be able to increase household consumption, drive the regional economy and make a significant contribution to national economic growth," he explained.

Sarman hopes that this year's homecoming will run smoothly, safely, lively, full of memories, travelers can shop and travel while enjoying various culinary delights and MSME products.