UNLOCKING OPPORTUNITIES: TOURISM SHIP FINANCING THROUGH LEASING AGREEMENTS FOR MICRO, SMALL, AND MEDIUM BUSINESSES IN INDONESIA

Abstract

Objective: This research explores the prospects of leasing agreements as a financing solution for tourist boats for MSMEs, considering the vast potential of marine tourism in Indonesia. Despite the potential benefits of leasing agreements, no specific regulations govern them, resulting in deviations from leasing principles and limited understanding among stakeholders. Methods: The study adopts the triangle legal pluralism approach and focuses on the Special Capital District of Jakarta and Labuan Bajo as significant marine and tourism industry hubs. Primary data collection includes interviews, observations, and secondary data from legal documents and literature. The analysis employs deductive and inductive logic and triangulation for validation. Result: According to this study, leasing agreements can help Indonesian tourism MSMEs finance tourist boats. Indonesia's maritime tourist business has great potential due to its archipelago and natural resources. However, MSMEs need help to acquire capital to ensure tourist boat growth, impacting tourism services and experiences. The following suggestions aim to unlock potential and promote sustainable tourism growth: Include Rental Contract Laws: Due to the industry's lack of rules, leasing agreements vary and cause disputes. Implementing lease agreement guidelines will provide legal certainty, protect lessors and lessees, and ensure fair and transparent business practices; Because many need help understanding, outreach, and education must increase. Leasing Agreements must broaden and organize outreach to educate MSMEs, business actors, and the public about leasing's benefits and processes. Suggestions: Ultimately, this research aims to provide valuable insights for policymakers, businesses, and academics to promote tourism ship financing through leasing agreements to grow the Indonesian tourism industry.