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Briefing on Turkey’s tourism industry and economy

Briefing on Turkey’s tourism industry and economy

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Turkey’s formerly successful tourism industry has been hit hard by the regional and global security concerns of the last year, hurting Turkey’s economy, which is showing resilience amid hardship.

  • The security concerns of 2016 seriously dented Turkey’s tourism industry, impacting the economy, with 2017 and beyond predicted to be even worse.
  • The tourism industry plays a significant role in the economy and in job creation, and will be difficult to replace.
  • Turkey’s economy is facing a number of challenges and unemployment is rising but the government has introduced a number of measures to tackle these issues.

Turkey’s tourism industry took a big hit in 2016, largely as a result of a string of terrorist attacks and the attempted coup d’état. Tensions with Russia, which in 2015 provided 10% of Turkey’s tourists, also had a negative impact. In 2015, the number of European visitors, making up just over half of all visitors, declined by 30% and official figures show an approximate 24% decrease in all entries to the country in 2016 compared to 2015. Figures collected for the start of 2017 are…

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1 June 2017

Photo credit: Hurriyet.com.tr

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