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Turkish economy benefits from tourism

Article Date : Tuesday, March 11, 2008       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Tourism in Turkey is likely to be highly lucrative for its economy this year, an expert has predicted.

Murat Dedeman, head of the Turkish Tourism Investors Association, stated that the holiday industry is likely to generate revenues of more than £10 billion this year.

Speaking to Reuters, he said tourism revenues would be up on 2007 because the country is set to attract a greater number of visitors.

Mr Dedeman told the news agency that the amount could go up by as much as 12 per cent this year.

As well as boosting Turkey's economy, this should be good news for those with a vested interest in the holiday industry.

For example, investors in rental accommodation will be able to enjoy higher returns if they receive greater demand from holidaymakers.

Mr Dedeman commented: "Turkey will have a good season".

"People are talking about a recession but this does not have too much effect on tourism," he added.

Turkey's government is currently aiming to increase the annual number of foreign arrivals from 23 million to 50 million in the next 15 years.
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