Tourism, Accommodations, Food Services, and Regional GDP

Abstract

The development of the airport city makes it the center of national-regional economic growth. The continuous development provides several alternative revenues to the surrounding areas and affects the price of the urban houses. The Bank of Indonesia has analyzed the development of commercial property since 2016. It covers five types of commercial property, which include offices (rent/sale), retail (rent/sale), apartments (rent/sale), hotels, industrial land, convention halls, and warehouse complexes, in Jabodetabek, Banten, Bandung, Makassar, Medan, Semarang, Surabaya, Balikpapan, Denpasar, and Palembang. The research aims to find variables that affect the contribution of accommodations and food services to the Regional GDP. Here, researchers use an approach in quantitative dynamics modeling that is often used in time series analysis, which is is the Autoregressive Exogenous modeling structure input (ARX). In general, AR is the Auto-Regressive nature of a model, while X is an exogenous input. The initial population of the study is 296 airports, which consists of all those managed by PT. Angkasa Pura I, PT. Angkasa Pura II, and the UPT Air Transportation in the Region. Then, the population is filtered further to 151 airports in Indonesia. The study shows that the variable of departing aircraft, departing passengers, arriving passengers, baggage unloading, cargo unloading, and cargo loading, each had a contribution to the GDP variable. The departing passenger variable had a positive impact on the increase of the variable of accommodation and food services of the Regional GDP.