Turkish property & economy news
03 October 2022
10-high year high in July after influx of Istanbul tourists Official data showed that Istanbul hit a 10-year high in July in terms of number of foreign tourists visiting the city. The provincial culture and tourism executive committee data showed that in July Istanbul welcomed almost 1.76 million foreign tourists. This was an increase of 56% compared to the 1.1 million tourists who visited in the same month last year.28 September 2022
Antalya hosted 7.7M air passengers in first seven months 2022 Turkey’s touristic hot spot on the Mediterranean, Antalya, hosted some 7.7 million tourists from around the world between January 1 and August 5, 2022, data supplied by the city’s governorate has stated. This saw an increase of 91% during this period, compared to the same months of 2021.28 September 2022
Turkish Airlines named as ‘Biggest Winners’ As aviation and tourism pick up once again globally following the COVID-19 pandemic and lockdowns, Turkish Airlines have been named the ‘Biggest Winners’, a French financial newspaper has reported. A report published wrote that the airline, the national flag carrier for Turkey, had become the first international airline company to bring in a profit in 2021.28 September 2022
All-time high for Turkish exports for successive month Turkish Trade Minister Mehmet Mus reported recently that total Turkish exports in August hit yet another all-time monthly high for the eighth consecutive month in 2022, with the country hitting its annual target before the year has even ended.26 August 2022
Turkish residential home sales more than double Residential property sales in Turkey more than doubled in May, according to official data released Wednesday, as foreign purchases skyrocketed with Russians topping buyers for the second month in a row. Home sales increased 107.5% year-on-year last month to 122,768 units.26 August 2022
Antalya in Turkey sets record for number of daily flights Turkey's airport in Antalya, a popular tourist destination on the Mediterranean coast, has set a new daily flight record on Tuesday, according to information released by a top official. According to Governor Ersin Yazc, a total of 1,003 planes landed and took off from Antalya Airport on Saturday, setting a new record for the city.07 August 2022
Galataport speculates 450 cruise ships in 2 years Dubbed much more than a cruise port, a modern hub in Istanbul has seen large ships arriving one after the other this year as it enjoys its first summer season while anticipating an even better one in 2023. The world's first underground terminal, Galataport, has welcomed 30 cruise ships so far in 2022, with the number expected to reach 200 by the end of the year.07 August 2022
World-class Hotel and Restaurant brands vie for Bodrum The Turkish resort town of Bodrum is working to become a destination for world-famous brands, according to the mayor of the town on Friday. "Bodrum is taking confident steps towards becoming a destination for world-renowned brands. World-renowned hotel and restaurant chains are vying for entry into the city."07 August 2022
Demand for Turkey vacations outnumbers supply The demand for tour packages for holidays in Turkey outnumbers the supply, according to Russia's Association of Tour Operators (ATOR). "Demand significantly outnumbers supply, which is limited by air transportation," ATOR stated on its website.02 August 2022
Foreign arrivals in Turkey increased by 308.48 percent According to data released by the Culture and Tourism Ministry, the number of foreign visitors to Turkey increased by 308.48 percent in May compared to the same month the previous year. According to the ministry, 3,824,555 people visited the country during the month.30 July 2022
Hagia Sophia Istanbul welcomes 6.5 million visitors Since reopening as a mosque just over two years ago, Istanbul’s historic Hagia Sophia Grand Mosque has welcomed more than 6.5 million total visitors according to data released by Mufti Ahmet Akturkoglu, Istanbul Deputy.30 July 2022
Domestic tourism spending reaches $680 million in Q1 New data released by the Turkish Statistical Institute (TurkStat) on Friday has shown that domestic tourism spending in Turkey increased by a huge 100.4% in the period from January to March 2022 when compared to the same period in 2021. Information released showed that spending reached 12.1 billion Turkish Lira, approximately 680 million USD.
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