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...
Tag: tourism
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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....
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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...
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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...
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The cost of the war will be seen in March: OPINION
BY ALAATTIN AKTAS It would be optimistic to think that the troubles that will be caused Russia-Ukraine in the Turkish economy will be limited to just a few weeks. TOURISM GOES OFF THE RAILS Last year, 4.7 million tourists from Russia and 2.1 million from Ukraine came to Turkey. The share of Russian tourists in...
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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,...
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Turkey, Cyprus and Greece were main tourist destinations for Russians during H1
Based on the data provided by the border service of the Federal Security Service (FSB) of Russia, during the first half of 2021, from January until June, 806,212 persons travelled from Russia to Turkey for tourism purposes, indicating that Turkey was the most preferred destination, especially to spend the summer holidays. As such, according to...