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Turkey Tourism Report Q3 2011 11 juillet 2011

Posted by Acturca in Economy / Economie, Turkey / Turquie.
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Business Monitor International (UK)

12 Jul 2011, 64 pages

Foreign tourism has got off to an impressive start in 2011, with the most recent data for the first four months of the year showing a buoyant increase of 21% year-on-year (y-o-y) in the number of tourist arrivals. Most of Turkey’s top tourism markets recorded strong growth with arrivals, in particular from Germany, Russia, France, the UK and the Netherlands, all up sharply y-o-y.

Hospitality

The hospitality sector has recorded a great start to the year, both for foreign and domestic tourism. Latest figures for the period January-March 2011 show a substantial increase of 44% y-o-y in the total number of foreign and domestic tourist room nights. Growth in foreign and domestic tourism was equally strong, with nights attributed to foreign tourists up some 41% y-o-y, while domestic tourist room nights increased 53%. The very strong growth rates, however, partly reflect a rebound from a sizeable downturn in Q110, although foreign and domestic tourist nights were still both up around 20% in Q111 compared with nights in Q109.

Forecast Scenario

The buoyant start to the year for foreign arrivals has contributed to a rise in growth forecast for visitors in 2011 to around 13% y-o-y. However, growth in arrivals is expected to slow slightly in 2012. The outlook is partly based on continuing economic recovery in Turkey’s major source markets, including the eurozone, Russia and the UK. In the eurozone, our revised economic growth forecasts this quarter are 1.8% in both 2011 and 2012. Growth in Germany though – the key market for inbound tourism – is forecast to slow from 3.0% in 2011 to 2.0% in 2012. In Russia, we continue to expect solid economic growth of 4.3% and 4.5% in 2011 and 2012 respectively, while UK growth is forecast to edge up from 1.7% to 2.2% (revised down this quarter) over the same two-year period. We also believe that Turkey may benefit over the short term from the political crisis in Egypt (at the start of 2011), with many tourists seeking alternative holiday destinations.

Istanbul Atatürk Airport

After annual growth in total passenger numbers picked up in 2010 at the country’s main airport, Istanbul Atatürk Airport, to 8% (reaching over 32.1mn), growth in international passenger traffic was up just more than 11% y-o-y, to around 2.9mn passengers in the first two months of 2011.

Turkish Airlines

Latest figures for the period January-May 2011 show Turkish Airlines (THY) recorded an increase in total passenger numbers of 10.2% compared with the same five-month period in 2010, with international business class traffic up by a substantial 22% y-o-y. This followed impressive annual growth in total passengers of almost 16%, to more than 29mn in 2010. Results for the 2010 financial year show that net profit broadly halved y-o-y to TRY286mn (US$191mn), while operating profit came in at TRY482mn (US$321mn), down by one-third compared with the previous year. Sales revenue increased favourably though, by around 20% y-o-y, to TRY8.42bn (US$5.6bn).

Croatia Airlines

In May, Croatia Airlines commenced flights between Istanbul Atatürk Airport and Croatia’s capital city Zagreb. The scheduled flights, which operate three times a week, were resumed after 12 years.

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Commentaires»

1. sonyo lemo - 16 août 2011

Wow. its amazing in my opinion dude . Good luck and keep working .ok


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