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Turkey's tourism revenues decreased by 16.5 percent

Turkey's tourism revenues decreased by 16.5 percent
02.05.2016 12:25
Turkey's tourism income reduced by 16.5 percent in the first quarter of 2016, as compared to the same period of 2015, said the report issued by the Turkish Statistical Institute (TurkStat) April 29.

The country's tourism income totaled $4.66 billion during the reporting period, said the report.

It was noted that the number of departing visitors reduced by 4.4 percent in the first quarter of 2016, as compared to the same period of 2015.

Turkey's Touristic Hotels and Investors Association (TUROB) said earlier that the number of hotel reservations in Turkey has dropped by 13.4 percent in the first quarter of 2016, compared to the same period in 2015.

The country's revenues from tourism totaled $31.5 billion in 2015, or 8.3 percent less than in 2014.
 
The Hoteliers Association of Turkey (TÜROB) said the association expected a significant loss in the number of European tourists, mainly from Germany, this year, adding that many reservations and events had already been canceled due to security concerns. 

The number of reservation cancelations from the German market has been around 40 percent, TÜROB said April 4, according to Reuters. 

The latest terror attacks in Turkey have created a big security concern for European tourists, so a significant loss in the number of foreign arrivals to Turkey from Germany, France, Spain and Italy is expected over this year, said TÜROB. 

German travelers’ bookings for summer holidays in Turkey have dropped around 40 percent compared to a year ago, reflecting tourists’ concern over security, German travel association DRV said in March. A meeting of around 600 tour agencies, which was scheduled to be held in the Aegean resort of Kuşadası in April, was canceled.

In order to support the sector during the current downturn, the government has announced a number of economic packages.


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