Vietnamese crab exportergood crabdouble-skinned crabs

Indonesia's Eid Holiday Financial Turnover to Weaken to $8.3 Billion

Arnoldus Kristianus
March 19, 2025 | 9:38 am
SHARE
Eid holidaymakers from Batam Island arrive at a port in Riau on March 18, 2025. (Antara Photo/Aswaddy Hamid)
Eid holidaymakers from Batam Island arrive at a port in Riau on March 18, 2025. (Antara Photo/Aswaddy Hamid)

Jakarta. Indonesia is expected to see a weakening financial turnover this upcoming Eid holiday season as fewer people choose to travel, according to the country's chamber of commerce Kadin.

It has become a tradition for countless Indonesians to go back to their hometowns during the Eid holidays, which will last for almost two weeks. Many of these holidaymakers spend their Eid bonuses on these travels, souvenirs, and other needs for their beloved families. Surveys, however, show that only 146.48 million Indonesians will travel this Eid homecoming season, marking a 24 percent drop from 193.6 million travelers recorded last year. Less holidaymakers mean a smaller Eid economy for Indonesia.

Kadin's estimates show that the financial turnover this Eid season will reach nearly Rp 138 trillion (about $8.3 billion), down from Rp 157.3 trillion over the same period in 2024. 

"146.48 million people is equivalent to 36.26 million families. Let's assume that each family has 4 members. So the [around Rp 138 trillion] financial turnover estimates are based on our assumptions that the average family brings Rp 3.75 million [during their Eid travels]," Kadin's deputy chairman Sarman Simanjorang said Tuesday.

ADVERTISEMENT

Even so, the financial turnover will likely be higher in actuality as the aforementioned average family spending estimates are still within a "moderate" level. Based on average of Rp 4 million per family, the turnover can soar to Rp 145 trillion, although it is still lower than last year.

Sarman attributed the double-digit drop in the Eid traveler volume to massive layoffs, weakening purchasing power, and poor weather conditions. Many people prefer to save their money for their kids as the school year approaches. The 2025 Eid al-Fitr -- which will likely fall on March 31 -- is also only a few months after the year-end holidays. So people who had already gone on vacation during the year-end holidays might choose to stay home this time, Sarman said.

The central bank has prepared Rp 180.9 trillion in cash for the Ramadan and Eid period. Sarman claimed that 60 percent of the money would circulate around the Java island which had been a major destination for Eid travels. The rest will likely circulate in other regions such as Sumatra, Kalimantan, and Bali.

Tags: Keywords:
SHARE

Related Articles


Business Jul 31, 2026 | 6:56 pm

Prabowo Urges Business Leaders to Unite as Kadin Seeks Faster Growth

Prabowo urges Indonesia’s business leaders to unite as Kadin pushes for 8% growth and stronger economic resilience.
Business May 22, 2026 | 8:11 pm

Kadin Warns Weak Rupiah is Squeezing Middle-Class Consumers

Indonesia’s middle class faces mounting pressure as the rupiah weakens past Rp 17,700 per dollar.
Business May 18, 2026 | 4:29 pm

Chamber of Commerce Says Rupiah at Rp 17,000 Is ‘Full Warning Alarm’

Indonesian businesses warn prolonged rupiah weakness could trigger layoffs as import and logistics costs continue rising.
Business Apr 4, 2026 | 11:13 am

Iran-US Escalation Sends Freight Rates Soaring, Threatens Indonesia’s Trade

Iran-US tensions disrupt shipping lanes, tripling freight costs and raising risks for Indonesia’s trade, inflation and manufacturing sector
Business Mar 23, 2026 | 12:42 pm

Businesses See Downside to Indonesia’s WFH Plan to Tackle Oil Shock

Businesses warn Indonesia’s WFH plan to cut fuel use may curb consumption and slow growth as oil prices surge past $100 per barrel.
Special Updates Mar 21, 2026 | 8:10 am

Eid Homecoming Set to Boost Indonesia’s Economy in 2026

Indonesia expects Eid homecoming travel to boost consumption and support 5.5–5.6% growth, driven by stimulus and strong mobility.
News Mar 11, 2026 | 2:06 pm

Indonesia Deploys Nearly 90,000 Police for Eid Travel Surge

Nearly 90,000 Indonesian police will secure Eid travel as authorities brace for 143.9 million people returning to hometowns.
Business Mar 7, 2026 | 10:26 am

Ramadan Shopping Season Fuels Retail, Travel and Food Demand

Ramadan spending is boosting Indonesia’s economy as retail sales, travel demand, and food consumption rise ahead of the Eid Al-Fitr holiday.
Business Mar 3, 2026 | 5:04 pm

Govt Targets 5.5–5.6% Q1 Growth Amid Holiday Stimulus Push

Indonesia targets 5.6% Q1 growth with Rp55T THR, Rp220B driver bonuses, transport discounts and food aid ahead of Eid travel surge.
Special Updates Feb 27, 2026 | 9:49 pm

Time to Set Aside Eid Bonus for Investment

Consider investing your Eid bonus in sharia-compliant capital market products.

The Latest


News 14 hours ago

Prabowo Says South Korea's Lee Asked Indonesia to Help Open Dialogue With North Korea

President Prabowo Subianto says South Korea's Lee Jae Myung asked Indonesia to help open dialogue with North Korea.
News 19 hours ago

Pullman Hotel Fire in Jakarta Suspected to Stem From Electrical Fault

Police will deploy a forensic team to investigate a fire at Pullman Hotel in West Jakarta, with an electrical fault suspected as the cause.
Business 20 hours ago

Pertamina Slashes Prices of Three Fuels From Aug. 1

Pertamina cut prices for three non-subsidized fuels from Aug. 1.
News 21 hours ago

Trump Too Stubborn to Rejoin Paris Agreement: Indonesian Minister

Indonesia's Environment Minister Jumhur Hidayat says other countries should deal with Trump quitting the Paris Accord.
Business 23 hours ago

Indofood Sales Rise 9% as Rupiah Weakness Hits First-Half Profit

Indofood’s first-half sales rose 9%, but net profit fell 19% as rupiah weakness increased unrealized foreign-exchange losses.
COPYRIGHT © 2026 JAKARTA GLOBE. ALL RIGHTS RESERVED