Home tourism

Tag: tourism

Post
Travel and tourism GDP to grow 5.5% over next decade

Travel and tourism GDP to grow 5.5% over next decade

Turkey’s travel and tourism gross domestic product (GDP) is projected to grow by 5.5% annually over the next decade, according to the World Travel and Tourism Council (WTTC). “By 2032, the sector’s contribution to the nation’s GDP could reach nearly TRY 1.04tr (USD 117bn), representing 11% of the total economy,” the WTTC said. The sector...

Post
All eyes are on Russia: OPINION

All eyes are on Russia: OPINION

BY FEHMI KOFTEOGLU Turkey found two solutions to the aircraft presented by the Russia-Ukraine war. One of them is the seat allocation by Turkish Airlines to tour operators and the other is a change in the Civil Aviation regulation. These are solutions that make the best of a bad situation, but they don’t meet expectations....

Post
Ruble and tourism

Ruble and tourism

BY FEHMI KOFTEOGLU Trade with the national currency has been discussed for a few years globally and in Turkey. Discussions and preparations have accelerated with the sanctions levied by the U.S. and the European Union on Russia due to the Russia-Ukraine war. While central banks of the countries work on the infrastructure, the possible reflections...

Post
Turkey sees over 1.5 million foreign tourist arrivals in February

Turkey sees over 1.5 million foreign tourist arrivals in February

Foreign tourist arrivals in Turkey climbed to more than 1.5 million in February, according to the Ministry of Culture and Tourism. The number of foreigners visiting the country was 1.54 million in February, up 186.5% from the same month of previous year, the Ministry said. Istanbul, Turkeye’s biggest city by population, was the primary point...

Post
Tourism revenues total USD 24.5bn in 2021

Tourism revenues total USD 24.5bn in 2021

Despite a gloomy year amid coronavirus-related mobility restrictions across the world, Turkey generated USD 24.5bn in tourism revenue last year, according to official figures released on Monday. Though doubling from 2020, the figure for last year fell short of the all-time high of USD 34.5bn set in 2019, prior to the outbreak of the pandemic,...