Turkey is waking up, the number of tourists is growing

first_imgThe number of foreign visitors to Turkey has risen for the first time since the conflict with Russia deepened the crisis in Turkey’s tourism industry. Official figures show Turkish tourism revenues rose 8,7 per cent to $ 5,41 billion in the three months to the end of June, compared to the same period in 2016.Tourist arrivals rose 18 percent from a year earlier to just over 2 million in April, halting a decline that began in August 2015. After the incident with Russia, then the second largest source of visitors, it responded by banning Turkey from traveling to tourism. carried Bloomberg. The expected growth was also estimated at the beginning of the year by tour operator Thomas Cook, who pointed out that tourists are starting to return to the countries with terrorism, Egypt and Turkey. “After a slow start to the season and a difficult year in 2016, we see early signs that customers are starting to return to Turkey and Egypt“They pointed out in March from Thomas CookTourism recovery is crucial for Turkey, which is based on foreign exchange earnings. Nearly a year after Turkey apologized to Russia for the aerial incident, April data are the first sign of a possible turnaround, Muammer Komurcuoglu, an economist at IS Investment in Istanbul, told Bloomberg. If the positive trend continues, tourism revenues could jump more than expected this year, Komurcuoglu said, estimating that it overlooks 10 percent growth. “This will have a positive impact on the gap and growth of current account growth”He said. According to the central bank, last year’s gross travel revenue was about $ 18,7 billion.Source: Turkish statistical institute 04/08/2017However, the data indicate how much tourism is important for Turkey and that is still a long way to historical income and the number of tourists before the crisis. Except for comparison from 2016, the number of visitors in April, was still the lowest for that month since 2010. The number of foreign tourists who visited Turkey in the first six months in 2017 increased by more than 14 percent compared to the same period last year. According to the Turkish Ministry of Tourism, 12,25 million tourists visited Turkey in the first six months. Russians accounted for almost 14 percent of foreign visitors, followed by Germans around 10 percent, while tourists from Georgia to almost 9 percent.The positive trend and recovery of the market, which is primarily based on low prices, has its high price, according to the Turkish Association of Tourist Hoteliers and the Association of Investors. While the average hotel occupancy rose to 61,2 per cent last month from 52,9 per cent a year earlier, the average daily rate in a key Istanbul market fell from 111,9 euros to 78,5 euros over the same period.It will be interesting to further suffer the situation, especially to draw the line after the summer tourist season, and especially at the end of the year. But one thing is for sure, Turkey is waking up and has stopped the decline and stagnation.Source: Turkish statistical institute / Bloomberg / HrTuirzam.hrlast_img

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