As pointed by the association, Turkish tourism may hit $30 billion loss if steps are taken

Published on : Monday, August 14, 2017

Turkish tourismOya Narin, head of Tourism Investors Association explained that already pressured tourism sector of Turkey is expected to lose up to $30 billion in three-year period in 2016, 2017 and 2018 if some vital measures are not taken. A plan with comprehensive featuring all the ways to recover the losses of the sector has been prepared and will be offered to the Culture and Tourism Minister Numan Kurtulmuş, advising that the industry might incur a loss of $22 billion in 2016-2017 respectively.

“Our three-year loss may hit $30 billion if problems remain unsolved next year. The sector has been facing serious financial hurdles. A financial support system specially designed for the sector would help a lot,” she added.

Narin highlighted that measures must be taken as early as possible to “recover Turkey’s bad image abroad,” emphasizing that the players of tourism sector should also be given “exporter status.”

“2016 was a terrible year for our sector. There has been some recovery over this year, but we have suffered from a huge loss in revenues. We will feel this by the year-end. But the current problems should not turn into a serious structural crisis. We need to work to prevent this. In this vein, we see 2017 as a transition year, during which urgent measures must be taken,” she said

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