BY FEHMI KOFTEOGLU TRY devaluation, which is at the top of the agenda in Turkey, is harming almost all fields. But it has positive aspects in tourism. Turkey has become a country with the highest number of foreign tourists in the Mediterranean. It has overtaken France, Spain, and Italy since TRY has rapidly depreciated against...
The highest monthly CAD in the history of the republic
What matters on Tuesday, March 21
What matters on Monday, March 20
Dollar lost its savings instrument edge
Quake-hit cities to get investment support
15% of earthquake victim voters migrated
What matters on Tuesday, March 14
A law specific to Istanbul is a must: Mayor of Istanbul
Share of compensation of employees in the GVA hits a 25-year low
Hunger limit doesn’t fit in wallets; new banknote is needed
Opposition bloc eyes deal to reunite, elevate popular mayors
Central Bank and SFD ink USD 5bn deposit deal
What matters on Monday, March 6
A big slowdown in the rate of interest reduction!
Economy expands by 5.6% in 2022
Mortality statistics rise by tenfold due to COVID-19
What matters on Tuesday, February 28
Central Bank cuts interest rate by 50 basis points
Will earthquake aids open a diplomatic channel?
New roadmap for the economy and tourism
BY FEHMI KOFTEOGLU Turkey has entered an economic crisis period that doesn’t look anything like the crises that have come before, but government and economic managers, those responsible for it, do not accept or name it. News came out that President Recep Tayyip Erdogan exemplified China to AK Party officials at the party’s Central Executive...
The future of the tourism industry: ‘Able Tourism’
BY FEHMI KOFTEOGLU The 11th International Resort Congress was held on November 25 at Nirvana Cosmopolitan Lara in Antalya. Representatives from the tourism industry and representatives from sector-related fields including Dr. Ian Yemon, Futurist and Associate Professor of Tourism Management from Wellington School of Business and Government in New Zealand, attended the congress, held under...
Turkey is the Mediterranean’s fastest-growing country in arrivals
BY FEHMI KOFTEOGLU The competition between Turkey and Spain as to who can be the Mediterranean country to welcome the most foreign visitors continues with just one month left in the year. The top of the leaderboard has vacillated between the two countries since June. Turkey surpassed Spain in July in this competition for the...
The ‘China’ of tourism
BY FEHMI KOFTEOGLU “We are the cheapest country in tourism, we have become the ‘China’ of tourism.” With reference to the fact that China is a cheap country, such statements and evaluations are made as a criticism of Turkey being a cheap country for tourism. High service quality and prices offered by Turkey in tourism...
What’s going on while trying to recover?
BY FEHMI KOFTEOGLU Germany and the UK, the two engines of the global travel industry these days, have removed travel restrictions. Denmark has ended all measures regarding the pandemic. Greece has removed the majority of restrictions imposed as part of COVID -19. These are some precedents from different regions in the world. Based on this...
Russia/CIS and Germany/EU tourism outlook in 2021-2022
BY FEHMI KOFTEOGLU DW TURKEY published a news piece entitled “For tourism, Turkey turns from EU to face Russia” headline after Erdogan and Putin met in Sochi on September 29. It is true, however, that Russia has replaced Europe in terms of the number of arrivals to Turkey. Europe’s share has decreased while the shares...
World Tourism Day and the pandemic
BY FEHMI KOFTEOGLU Since 1980, the United Nations World Tourism Organization (UNWTO) has commemorated World Tourism Day on September 27, each year choosing a new theme. The theme for this year was ‘Tourism for Inclusive Growth’. The 41st World Tourism Day was celebrated in the COVID-19 environment, the pandemic of the century, which has continued...
Europe for the weekend, Turkey for family holidays
BY FEHMI KOFTEOGLU The UK has removed Turkey and Spain from its red coronavirus travel list. Thus, Brits, who are fully vaccinated, will not have to get tested before arriving and the compulsory PCR will be replaced by a rapid test as of October 4. In this case, will Brits choose Spain or Turkey for...
Two source markets, two destinations
BY FEHMI KOFTEOGLU The pandemic changed a lot of things in tourism, and it will continue to do so. These changes are seen in both source markets and destinations. Two source markets Germany and the UK – lead the European market, which remains the global travel sector’s center. Spain and Turkey are the two engines...