"Turkey Tourism Report Q3 2014" now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Thu Jul 24 2014

BMI's report on the Turkish tourism market examines the expected trends across inbound and outbound travel, news in the hotel sector, growth in industry value and changes in the market in terms of travel infrastructure investment and other supporting developments. Overall, the future is looking relatively positive for Turkey's inbound and outbound tourism, with growth expected across the board over our forecast period to 2018.

2013 saw several large-scale political protests against Turkish Prime Minister Recep Tayyip Erdogan which, although unlikely to lead to a change in government before scheduled elections in 2015, could still mark a turning point in his decade-long stint in power. While the situation appears to have largely calmed, any escalation in domestic tensions could deter both potential tourists and potential investors. Similarly, should conflict in neighbouring Syria spill across the border into Turkey, we could see a further impact on the tourism market.

Full Report Details at
- http://www.fastmr.com/prod/852097_turkey_tourism_report_q3_2014.aspx?afid=301

Despite these concerns, the inbound travel market remains healthy, with arrivals increasing by 3.5% in 2013 to reach 32.9mn. Over the subsequent five years, we expect to see annual arrivals increase by around 4% per year, meaning that by 2018 Turkey is likely to welcome 39.3mn visitors per year. Europe is likely to continue to dominate the inbound and outbound tourism market; however, over the longer term, we expect to see further diversification away from the West and more towards the Middle East. This diversification will help to balance out any declines should Europe see a return to the conditions of the global credit crunch.

Turkey is experiencing solid annual GDP growth, which is serving to boost private financial consumption, one of the key indicators of spend on outbound travel. Outbound travel grew by 4.8% in 2013, and following growth of around 7% between 2014 and 2018, we expect the number of annual outbound travellers to reach 8.9mn by the end of the current forecast period. This...

The Turkey Tourism Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.

BMI's Turkey Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Turkish tourism industry.

Key Benefits

* Benchmark BMI's independent tourism industry forecasts for Turkey to test other views - a key input for successful budgetary and planning in the Turkish tourism market.

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