Increasing Tourism Levels in Turkey – Great news for investors
Travel and Tourism industry’s contribution to the Global GDP was more than 2 trillion US dollars, adding 2.9% to the global GDP in 2012.
The World Travel & Tourism Council forecasts that the total contribution of travel and tourism to the GDP will reach USD 10.5 trillion by 2023 which in simple terms is a 5 fold increase!
Governments from all around the globe are becoming aware of the great economic potential of the travel and tourism industry.
The Turkish Travel and Tourism industry has annually increased since 1999 (aside from a blip in 2006) and this steady growth can be attributed to a well prepared and thought out Tourism Strategy, incentive mechanisms and the easement of various regulations.
In 2013 from the 196 countries in the world, Turkey was recognised by the United Nations World Tourism Organization as being the 6th most visited Country in the world, attaining a very respectable 37.8 million visitors.
Many of these visitors will undoubtedly fall in love with the culture, history and historical monuments, pristine blue flag beaches, crystal clear coastline, golf and health related tourism and of course, the genuine openness of the Turkish people.
Whilst much of Europe endeavours to continue to pick itself up from the last 7 years of financial hell – the potential for the sale of real estate in Turkey remains phenomenal for the foreseeable future.