Natural Disasters Hamper the Growth of Tourism Issuers

Analysts predict that natural disasters will be an obstacle to increasing tourism revenue from tourism issuers by the end of this year.

Capital Connection Research Head Alfred Nainggolan revealed the seasonal cycle that occurred in the fourth quarter was an increase in tourism activities such as domestic travel and hotel ticket purchases. However, this has the potential not to occur in the last quarter of this year.

“Revenue growth in the fourth quarter will not be as big as the previous year’s growth, due to many natural disasters such as in Lombok, Palu and Banten,” he said on Monday (12/31/2018).

The tourism issuer, PT Pembangunan Jaya Ancol Tbk. (PJAA), PT Panorama Sentrawisata Tbk. (PANR) and PT Bayu Buana Tbk. (BAYU), as of September 2018, posted revenue growth of 6.1%, 18.26% and 10.28% year on year, respectively.

Meanwhile, PJAA, PANR and BAYU’s net profit margins as of September 2018 were 17.47%, -0.76% and 1.55% respectively, and the net profit growth was 1.45%, -147.74% respectively. and 8.56% year on year. Of the three tourism stock issuers, only the performance of BAYU shares managed to soar 54.18%, while PJAA and PANR shares contracted 14.29% and 35.09% throughout 2018.

On the previous occasion, Corporate Secretary of Panorama Sentrawisata Karsono Probosetio said that the challenge faced by the company was efficiency. Strategy to reduce losses Panorama, management has made efficiency with the use of information technology (IT) to support internal relations and customer service.

Karsono did not dismiss the natural disaster factors that have a significant influence on the performance of tourism issuers. He also recalled that at the beginning of 2018 PANR was also affected by the eruption of Mount Agung. “The earthquake that hit Lombok and Palu also affected the tourism industry, including us,” he said.

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