Turkish property & economy news
05 October 2023
10-year high as influx drives foreign arrivals in Istanbul Newly released official data shows that Istanbul, Turkey's largest city, experienced a remarkable surge in foreign tourist arrivals during July, reaching the highest influx in a decade. The city welcomed approximately 1.87 million visitors, a 6% increase from the same period last year, surpassing the previous record of almost 1.76 million recorded in July 2022.05 October 2023
20% increase in passengers for Turkish Airlines over 8 month period According to recent reports, Turkish Airlines, the official national flag carrier of Turkey, has experienced a remarkable 20% increase in passenger numbers for the first eight months of 2023. During this period, the company served a total of 56 million passengers, a significant improvement from the 46.7 million passengers served during the same period last year.18 September 2023
Alibaba to invest $2 billion in Turkey Alibaba Group Holding Ltd. has announced plans to invest a further $2 billion USD in Turkey, following a recent meeting between the Chinese giant and Turkish President Recep Tayyip Erdogan. Michael Evans, the head of the Chinese company made the announcement on Friday evening.08 September 2023
Influx of tourists to Trabzon, the Black Sea gem Trabzon, an important city located in the eastern Black Sea region of Turkey, is witnessing a surge in tourism. The city has become a preferred destination for travellers looking to escape the hustle and bustle of their busy city lives and the scorching summer heat.08 September 2023
Bolu experiencing hottest summer of the century Bolu in Turkey, a renowned tourist destination famous for its breathtaking natural landscapes and tranquil getaways, is currently experiencing the harsh repercussions of an unprecedentedly scorching summer as per the latest meteorological reports.08 September 2023
China tags Turkey as safe for tourism and travel It has been reported that Beijing has lifted the ban on outbound group tours to a number of destinations, which includes Turkey, the United States, and Japan. This could potentially lead to a significant increase in the number of Chinese tourists who will be travelling to various countries across the globe.06 September 2023
Turkiye to continue free transport scheme for elderly Mahinur Ozdemir Goktas, the Minister of Family and Social Services, has recently addressed concerns regarding the alleged implementation of transportation fees for individuals over the age of 65. Goktas has stated that there is no intention to impose any charges on public transport for senior citizens.06 September 2023
21 million flock to see Turkey’s Hagia Sophia Grand Mosque The Hagia Sophia Grand Mosque, a magnificent architectural wonder located in Istanbul, Turkey, has garnered immense popularity among tourists worldwide, with visitors from Arab countries, Central Asia, and the Far East flocking to see this iconic landmark.06 September 2023
Prolonged tourism season for Antalya following strong bookings The vibrant resort town of Antalya, nestled in the picturesque Mediterranean region of Turkey, has experienced a highly successful start to the month of August. Local hotels have been experiencing a significant surge in bookings, with occupancy rates skyrocketing to over 90% in the southern part of the city.21 August 2023
Antalya enjoys a summer influx of tourists The Mediterranean gem of Antalya in Turkey saw a significant increase in the number of tourists arriving by air in the first half of this year. Over 5.52 million tourists visited the southern resort city from January to June, which is a 29% increase compared to the previous year, according to data from the Provincial Directorate of Culture and Tourism.21 August 2023
Restoration of Istanbul's Haydarpasa train station almost complete During a recent inspection of the ongoing work, Transportation and Infrastructure Minister Abdulkadir Uraloglu announced that the meticulous restoration work at Haydarpasa train station, aimed at preserving its historical charm, is set to be completed by 2024.18 August 2023
Turkish yacht industry experiencing fresh phase of growth Turkey is currently experiencing a fresh phase of economic growth, bolstered by its strong manufacturing sector and impressive production capabilities. This progress is notably reflected in the realm of tourism and the yachting industry.
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