According to a new study from an industry association, Turkey's travel and tourist GDP is expected to expand by 5.5% annually over the next decade.
The World Travel and Tourism Council (WTTC) predicted on Monday that the sector's contribution to the country's GDP might reach almost 1.04 trillion TL (117 billion USD) by 2032, accounting for 11% of the whole economy.
Job vacancies in Turkey
Over the next ten years, the sector is expected to generate more than 716,000 employment opportunities, according to the report.
The sector's contribution to GDP is predicted to increase by 15.5% to 68.5 billion USD by the end of this year, while employment is expected to increase by 4% to more than 2.5 million jobs, according to the WTTC.
Destination for travellers
This summer, Turkey is expected to be the fourth most popular European destination for tourists, according to the report. According to the most recent data, the number of international visitors arriving in Turkey increased by over 151% from January to March 2022 compared to the same period the previous year, to about 4.9 million.
In January-March of last year, the figure was over 1.95 million, and in 2020, it is expected to be around 4.24 million.
People still arrived
The arrivals were still less than the 5.44 million foreign tourists who arrived in the first quarter of 2019 before the pandemic broke out.
In the January-March quarter, along with Turkish residents living abroad, arrivals totalled 6.3 million, up 148.1% year on year. According to the report, foreign arrivals increased by 129.7% to roughly 2.1 million in March.
According to the Turkish Statistical Institute (TurkStat), income increased by 122.4% year-on-year to 5.4 billion USD in the January-March quarter. Despite a bleak year marked by global coronavirus-related travel limitations, Turkey achieved 24.5 billion USD in tourism revenue last year.
350 metres away from the world famous Istiklal Avenue, this boutique hotel is a must see for those looking to invest and run their own business in Turkey – enquire today as this one will not be available for long.
With outstanding views of the sea and daily sunsets, these beautiful villas are for sale within the sought after area of Yalikavak in Bodrum Peninsula and are complete with their own private gardens and pools.
With panoramic views of the sea, this luxury-designed villa is on the market today as completely furnished and decorated in Yalikavak area of Bodrum and is just ten minutes walking distance away from the Marina.
This boutique hotel for sale consists of four standalone bungalows and is nestled within the peaceful area of Samanli in Yalova – each property has its own private swimming pool and landscaped garden outside.