ITDC Returns to Persero Status, Ready to Accelerate World-Class Tourism Destination Development

PT Pengembangan Pariwisata Indonesia (Persero), also known as InJourney Tourism Development Corporation (ITDC), has officially regained its status as a Persero, effective 10 June 2026. This strengthening of its status marks a significant moment for ITDC to reinforce its role as a state-owned enterprise (BUMN) with a strategic mandate to develop world-class tourism destinations, professionally manage state assets, and drive investment and economic growth through the tourism sector. The change formalises the use of the official nomenclature PT Pengembangan Pariwisata Indonesia (Persero) in all business activities, correspondence, and company documents. This step aligns with government policies on BUMN governance while sharpening ITDC’s identity and strategic mandate as a national tourism area developer and manager. ITDC Acting President Director Ahmad Fajar stated that the return to Persero status strengthens the company’s contribution to national development through quality, sustainable, and globally competitive tourism. He explained that this status reinforces ITDC’s role as a BUMN with a strategic mandate to develop world-class destinations while optimising state asset management through a professional and sustainable approach. ‘With a strong governance foundation, we will continue to encourage the creation of areas that can attract investment, generate economic added value, open business opportunities, and provide sustainable benefits for communities and regions,’ Ahmad said in a statement on Tuesday. In executing this mandate, ITDC develops a business model integrating area planning, infrastructure development, asset management, investment development, and the creation of a tourism ecosystem that supports regional and national economic growth. As part of the BUMN Tourism and Support Holding, InJourney, ITDC plays a strategic role as master developer and asset manager for national tourism destinations. Currently, ITDC manages assets and develops three premier tourism areas: The Nusa Dua in Bali covering approximately 350 hectares, The Mandalika in West Nusa Tenggara covering approximately 1,175 hectares, and The Golo Mori in East Nusa Tenggara covering approximately 20 hectares. Ahmad noted that the strengthened Persero status aligns with the ongoing BUMN transformation agenda under Danantara Indonesia, which emphasises creating more professional, adaptive companies capable of greater contributions to national development. The change is based on Law Number 16 of 2026 concerning the Fourth Amendment to Law Number 19 of 2003 on State-Owned Enterprises, and was established through a Shareholders’ Resolution dated 20 April 2026, approving the name change to PT Pengembangan Pariwisata Indonesia (Persero). This decision was formalised in a Deed of Shareholders’ Resolution Statement Number 53 dated 20 May 2026, and received approval from the Minister of Law of the Republic of Indonesia through Decree Number AHU-0037365.AH.01.02.TAHUN 2026 dated 10 June 2026. With its restored Persero status, ITDC is optimistic about strengthening its role as a catalyst for national tourism development through professional asset management, integrated area development, and the creation of a conducive investment climate. This enhanced role is expected to accelerate quality tourism sector development while contributing more significantly to national economic growth. Going forward, ITDC will continue to prioritise the implementation of Good Corporate Governance principles, integrated risk management, innovation, and regulatory compliance as the foundation for all area development, aiming to create sustainable added value for the state, communities, and all stakeholders through globally competitive, inclusive, and sustainable destinations.