NEWS Health        30/04/2019

Turkey’s tourism revenue increases 4.6% to USD 4.6 billion in 1st quarter of 2019

According to figures provided by the Turkish Statistical Institute (TUİK - Turkstat), Turkey’s tourism revenue grew 4.6% in the first quarter of 2019. despite an increase of 8.5% in visitors to 6,644,391.  Revenue in the first quarter of 2019 was USD 4,630 million compared with USD 4,425 million in the same period of the previous year. The average expenditure per visitor to Turkey fell in this quarter from USD 723 in 2018 to USD 697 in 2019.

 

The recovery in the Turkish tourism industry in terms of number of visitors has been very comforting at a time when the Turkish economy is moving into recession. However, the continuing low level of corresponding revenue is disconcerting. The weakening Turkish Lira by 40% against the USD dollar over the last year will be a partial explanation. Incoming tourists would have taken advantage of the devaluation of the Turkish lira. Proportionally more visitors from Turkey’s neighbouring countries and Turkish citizens living abroad with lower expenditure budgets is likely to be another reason. It is also very likely that it has taken hotel and tour prices longer than expected to recover from the heavy discounts offered following the 2016 tourism sector crisis in 2016.

 

Of the 6,644,391 visitors to Turkey in the first quarter of 2019, 5,460,380 (82.2%) visitors were foreign and 1,184,011 (17.8%) visitors were Turkish citizens living abroad. The average expenditure per foreign visitor to Turkey was USD 678 compared to USD 765 for Turkish citizens living abroad.

The number of Turkish citizens visiting abroad in the first quarter of 2019 was 2,017,918, a 2.5% decrease compared to the same quarter of the previous year. Their total expenditure abroad was USD 1,067 million, a decrease of 1.1% on the figure for the same period of the previous year. Their average per capita expenditure was USD 529, compared with USD 521 for the same quarter of the previous year.

 

In 2018,, Turkey’s tourism revenue grew by 12.3% to USD 29,513 million, whereas the number of visitors grew by 18.1% to 45,628,673.  The average expenditure per visitor to Turkey fell from USD 681 in 2017 to USD 647 in 2018 . The number of Turkish citizens visiting abroad in 2018 was 8,383,432, a 5.7% decrease compared to the previous year. Their total expenditure abroad was USD 4,896 million, a decrease of 4.7% on the previous year. Their average per capita expenditure was USD 584, compared with USD 578 for the previous year. Of the 45,628,673 visitors leaving Turkey in 2018, 38,951,902 (85.4%) visitors were foreign and 6,676,771 (14.6%) visitors were Turkish citizens living abroad. The average expenditure per foreign visitor to Turkey was USD 617 compared to USD 801 for Turkish citizens living abroad. This compares with USD 630 and USD 903 respectively in 2017.


 



Turkey’s net minimum wage has been raised 26.05% to TL 2,020 (USD 381) as of 01.01.2019       Migration communication helpline 157 available for foreigners in Turkey       Read our homepage articles on developments in the Turkish economy       Turkey’s annual inflation rate steadies at 19.50% in April 2019       Turkey’s unemployment rate remains at 14.7% in February 2019       Read our BUSINESS section for latest sectoral and corporate news       Turkey’s population is 82,003,882 as of 2018 yearend       Number of foreigners visiting Turkey in 2018 increases by 21.8% to 39.5 million       Turkey’s private sector foreign debt is USD 225.8 billion as of 2018 yearend       Turkey’s economy contracted by 3% in the fourth quarter of 2018