The Impact of the Decline of Tourism in Turkey on the Country’s Economy

The Impact of the Decline of Tourism in Turkey on the Country’s Economy

Document details
Category: Travel and Tourism Essay
Subcategory: Tourism Economics
Words: 790
Pages: 4

Turkey, a country full of rich history and beauty, a country that houses one of the worlds seven wonders (Krystek, 2012), has been going through tragic events in the recent years, such as terrorist attacks and political confusion. Although Turkey was once a very popular tourist destination, with reaching their all-time highest tourist visits in July of 2015, the amount of tourist visits to Turkey have declined a substantial 3.96 year-on-year to 1.59 million in March of 2017 from 1.65 million a year earlier (Turkey Tourist Arrivals, 2017). The current events taking place in Turkey are making foreign visitors shy away from traveling there which affects the country in many ways. This paper will explain how the decline in tourist visits in Turkey have impacted the country and what Turkey is doing to overcome this significant problem of theirs.Turkey, due to recent increase in terrorist attack and uncertainty in political stability, has been hit by a decline in their tourist visits. This decline caused Turkeys GDP to decrease by 1 (Turkeys Economy Hit by Decline in Tourism, 2017). Its important to note that the tourists visits that took place in Turkey helped the countrys economy. When foreign visitors travel to Turkey, they contribute to the economy not only through hotel and restaurant industries, but through accommodation, travel, accessories, souvenirs, and numerous other industries. Businesses, especially small businesses, are forced to sell their goods for half the amount and rather than making profit, theyre just trying to earn their costs back. With such a big decline in the tourists, as is evident through the decrease in the GDP, the economy is under threat of failing because of minimal business. However, the government of Turkey as well as many industries took certain measures to tackle the tourism problem. For example, from the Turkish governmentthere was a payment of a 6,000 (4,600 GBP) fuel subsidy per flight to airlines that fly into the Turkish Airports of Antalya, Alanya,...

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