About 30 Million Tourists Visited Turkey in 2011, States Timetric
23 Oct 2012 • by Natalie Aster
Turkey is the sixth-most attractive tourist destination in the world in terms of tourist volume. As the cradle of an ancient civilization, Turkey has been a long-standing popular destination for tourists with historical interests. Due to the sustained growth in the country’s economy, there has been a surge in the international and domestic tourist activity. The tourism sector has become an important driver for Turkey’s economic development, comprising 10.9% of the country’s GDP and 9.2% of its total employment rate in 2011. Following Brazil, Russia, India and China (BRIC) countries, Turkey is considered a promising emerging economy, alongside Colombia, Indonesia, Vietnam, Egypt and South Africa.
With a surge in interest from both European and Arab tourists, the inflow of international tourist visits to Turkey increased from 22.8 million in 2007 to 29.7 million in 2011, registering a CAGR of 6.82%. This growth can be attributed to a variety of macroeconomic factors such as rapid GDP growth, higher levels of disposable income, closer integration with the EU and a weakened currency.
Although domestic tourism is a small part of Turkey’s overall tourism sector, it makes a significant contribution to its revenues. The rapid growth in the country’s GDP and disposable income levels has supported a rise in domestic tourist volumes. The expansion of the country’s transport infrastructure, alongside the growth of low-cost airlines, also encouraged domestic tourists to travel.
Cultural and religious connections with the Arab world and the presence of cost-effective modern medical facilities are key growth drivers and one of the reasons why Turkey is seen as a leading global health tourism destination. Turkey has a strong historical reputation as a popular health destination due to its natural mineral spring resorts and advanced medical facilities.
According to the report “The Future of Travel and Tourism in the UK to 2016” by Timetric, during the review period, Turkish Airlines emerged as the fourth-largest air passenger carrier in Europe. Its market leadership was cemented after it agreed official sponsorship deals with European football teams, establishing Istanbul as a major transit hub for travelers from Europe to the Middle East. Furthermore, Turkey is a hub for aircraft maintenance, repair and overhaul, due to its geographic position and cost advantages. All these factors ensure that the Turkish aviation market will remain attractive over the forecast period.
The Future of Travel and Tourism in the UK to 2016
Published: October, 2012
Price: US$ 1.950,00
With the number of international arrivals due to reach 31.2 million in 2012, the hospitality industry’s revenue is set to increase at a CAGR of 6.97% over the forecast period. Inbound tourism expenditure on accommodation increased from TRY3.8 billion in 2010 to TRY5.1 billion in 2011, and is expected to increase at a CAGR of 8.74% over the forecast period. Domestic tourism is set to be a key contributor to the hotel industry as expenditure is anticipated to grow at a CAGR of 5.56% over the forecast period.
More information can be found in the report “The Future of Travel and Tourism in the UK to 2016” by Timetric.
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