Tourexpi
Türkiye’s Travel and Tourism Sector Reached Record-Breaking New Heights Last Year
In 2023, the sector contributed TRY 3.11TN to the
economy, accounting for 12% of total GDP. This is a significant increase of
almost 30% from the previous peak in 2019.
The sector also supported more than 3.2MN jobs,
representing one in 10 jobs across the country, and more than 18% above the
2019 high point.
International and domestic visitor spending also
exceeded their previous records, reaching TRY 1.68TN and TRY 761.3BN
respectively.
International visitor spending has surpassed its
2019 record by almost 36% and domestic visitor spending broke its previous
record, from 2018, by almost 24%.
Looking Ahead
The sector is forecast to continue breaking records
in 2024, with GDP contribution set to reach almost 12.5% of the country’s
economy.
Jobs supported by Travel & Tourism are
projected to surpass 3.3MN and spend from international and domestic visitors
is also anticipated to set new records.
According to WTTC’s latest research, spending from
international visitors could reach more than TRY 1.7TN next year, and spending
from domestic visitors could reach almost TRY 799BN.
In an effort to continue growing its crucial Travel
& Tourism sector, Türkiye’s Government is considering introducing nomad
visas, aimed at expanding its potential for longer stays and in turn increasing
visitor spending.
Julia Simpson, WTTC President & CEO, said; “As
the world’s fifth most popular destination, Travel & Tourism in Türkiye is
more than just a sector, it's an integral part of the nation's economy,
fuelling growth, investment, and new jobs.
“We congratulate the national government's efforts
to place Travel & Tourism at the heart of decision-making, recognising its
critical role in the country's economy.”
What does the next decade look like?
The outlook for the next ten years forecasts a
decade of growth.
By 2034, the sector is expected to contribute more
than TRY 4TN to the economy annually, whilst jobs are projected to reach almost
3.75MN.
The next decade is poised to be a period of
remarkable growth and transformation for Türkiye's Travel & Tourism sector.
For more information, please visit wttc.org
Image Credit: © WTTC
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