JAKARTA – The Indonesian tourism sector is experiencing a significant uplift, as evidenced by a rally in tourism-related stock prices following the Central Statistics Agency (BPS) report on Monday (September 1, 2025), which revealed a notable increase in foreign tourist arrivals to the archipelago.
Today, Tuesday (September 2, 2025), the first trading session saw PT Bukit Uluwatu Villa Tbk. (BUVA) shares surge by 4.09% to Rp356 per share. This impressive daily gain contributes to an astounding 513.79% year-to-date increase in BUVA’s stock price throughout 2025, highlighting investor confidence in this tourism-focused issuer.
Similarly, PT Sanurhasta Mitra Tbk. (MINA) recorded a robust 2.22% rise in its share price, reaching Rp184 by today’s trading halt. This upward movement further solidifies MINA’s exceptional performance, with a year-to-date gain of 291.49%.
Related: Malaysia Dominates Foreign Tourist Visits in July 2025, China Records Highest Growth
The positive sentiment extended to other key players in the sector. Shares of PT Hotel Fitra International Tbk. (FITT) and PT Jakarta International Hotels & Development Tbk. (JIHD) each saw gains of 5.52% and 5.11% respectively during today’s trading. Similarly, PT Pembangunan Jaya Ancol Tbk. (PJAA), a major player in recreation and tourism, also posted a solid 3.24% increase, closing at Rp510 today.
Adding to the sector’s robust performance, PT MNC Tourism Indonesia Tbk. (KPIG), part of the prominent MNC Group, also experienced a 1.11% uptick, reaching Rp182 per share. This latest gain brings KPIG’s year-to-date growth to 22.15%, underscoring the broad-based recovery and investor interest in Indonesian tourism assets.
Related: Tourism Minister Widiyanti Highlights 9.44% Rise in Foreign Tourist Visits for H1 2025
This positive market reaction aligns with expert analysis. Nafan Aji Gusta, Senior Market Chartist at Mirae Asset Sekuritas, affirmed a direct correlation between the surge in tourism stock prices and the encouraging data released by BPS yesterday.
Delving into the specifics, BPS reported that foreign tourist arrivals to Indonesia reached an impressive 1.48 million in July 2025. This figure represents a robust 4.62% increase month-on-month (MoM) and a substantial 13.01% rise year-on-year (YoY). The majority of these international visitors originated from Malaysia (14.32%), followed by Australia (11.69%), and China (9.76%), indicating key source markets for Indonesia’s burgeoning tourism industry.
Related: Foreign Tourist Numbers in June 2025 Hit 1.42 Million, Malaysia Leading
Beyond international visitors, domestic tourism also demonstrated impressive growth. From January to July 2025, Indonesian domestic tourist trips totaled 713.98 million, marking a significant 19.25% increase compared to the corresponding period in 2024. This dual growth in both international and domestic tourism paints a vibrant picture for the sector.
Reiterating his perspective to Bisnis on Tuesday (September 2, 2025), Nafan emphasized, “The appreciation in tourism industry stock prices is indeed directly linked to the positive foreign tourist visit data disseminated by BPS yesterday.”
Despite the recent surge, Nafan maintains a cautious outlook, refraining from recommending tourism stocks. He highlighted concerns regarding the industry’s relatively low liquidity, suggesting potential challenges for investors seeking quick entry or exit.
A closer look at market capitalization reveals the scale of these entities. BUVA boasts a market cap of Rp7.33 trillion, MINA at Rp1.81 trillion, and PJAA at Rp816 billion. Notably, KPIG stands out with a significantly larger market capitalization of Rp17.75 trillion, indicating a broader market presence.
Nafan concluded his assessment by stating, “Tourism industry stocks generally lack liquidity, possess less favorable fundamentals, and often have relatively small market capitalization,” advising investors to approach with caution despite the recent positive headlines.
Disclaimer: This article is provided for informational purposes only and should not be construed as an inducement to buy or sell any securities. All investment decisions rest solely with the reader. Bisnis.com disclaims any responsibility for potential losses or gains resulting from readers’ investment choices.
Summary
Indonesian tourism-related stocks, including PT Bukit Uluwatu Villa Tbk. (BUVA), PT Sanurhasta Mitra Tbk. (MINA), and PT MNC Tourism Indonesia Tbk. (KPIG), saw significant gains after the Central Statistics Agency (BPS) reported a notable increase in foreign tourist arrivals. On September 2, 2025, BUVA shares surged 4.09%, MINA rose 2.22%, and KPIG gained 1.11%, contributing to strong year-to-date performances for these companies.
The BPS data indicated 1.48 million foreign tourist arrivals in July 2025, marking a 13.01% year-on-year increase, with Malaysia, Australia, and China being key source markets. Domestic tourism also demonstrated significant growth. While affirming the direct link between tourism data and stock performance, Senior Market Chartist Nafan Aji Gusta maintained a cautious outlook, citing low liquidity and less favorable fundamentals for tourism stocks.