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Increase in tourism income of Southern Cyprus

It was reported that there was a 26.9 percent increase in tourism revenue in Southern Cyprus in the first seven months of this year (January-July) compared to the same period last year. Politis newspaper wrote that tourism revenues in all months of 2023 were more than tourism revenues in the relevant months of 2022, and noted that tourism revenues in the first 7 months of 2023 were calculated as 1 billion 544 million Euros, and tourism revenues in the January-July period of 2022 were calculated as 1 billion 217 million Euros. Based on the statement made by the Department of Statistics, the newspaper added that tourism revenue, which was 381.7 million Euros in July 2022, increased by 19.1 percent to 454.6 million Euros in July 2023.

Türkiye emerges as top destination for German tourists

While recovery continues in the tourism sector worldwide following disruptions caused by the COVID-19 pandemic, Türkiye has once again been one of the top choices for many foreigners, including Germans. Norbert Fiebig, head of the German Travel Agencies Association (DRV), recently spoke at the International Tourism Exchange (ITB) Fair in Berlin, where he expressed his optimism for the recovery of the tourism sector following the COVID-19 outbreak. "We received strong reservations in December, January and February. The good news for our Turkish partners and friends is that Türkiye is at the top," Fiebig stated. Fiebig went on to emphasize the importance of face-to-face participation at the ITB fair, noting that it was the first time in three years that such an event had taken place since the outbreak of the COVID-19 pandemic. “While the industry is recovering and the booking situation is currently very positive. Last year we already had a very good summer season, we almost reached the pre-COVID-19 pandemic level. And indeed this will continue. We received strong bookings in December, January and February,” he said. Fiebig explained that the Germans wanted to go on vacations after the "sad" period of the pandemic and that they made reservations by re-imagining old traditional destinations such as Türkiye. According to Fiebig, high inflation and energy costs are having an impact on the holiday decisions of Germans, who are becoming more price sensitive. "We see that destinations with excellent prices and quality are very popular. German customers are particularly interested in all-inclusive offers as they provide budgetary assurance," Fiebig noted. “Türkiye is one of the most successful destinations for German tourists, and demand for all-inclusive packages is particularly high. We are actively working to encourage more Germans to travel to Türkiye and maintain the strong relationship between our two countries," Fiebig said. Fiebig emphasized the importance of the partnership between Germany and Türkiye in the tourism sector, noting that the DRV is committed to promoting tourism and ensuring the safety and satisfaction of German travelers. Marking a complete rebound from a pandemic fallout, foreign arrivals in Türkiye neared record and all-time high revenues in 2022 and prompted the government to raise its tourism estimates for this year. Tourism revenues jumped 53.4% to a record $46.3 billion last year, blowing past the previous high of $38.4 billion in 2019 before the pandemic hit. The figure stood at $30.2 billion in 2021 after the outbreak, while it was just $14.8 billion in 2020. The number of foreign visitors arriving in January jumped 56.51% from a year earlier to 2 million, the Culture and Tourism Ministry said in February. The arrivals compared with 1.28 million foreign visitors in January 2022; 509,787 in January 2021; and the record 1.8 million in 2020, just before the onset of the pandemic in the country. Visitors from Russia, Bulgaria and Germany, with a combined tally of 587,000 people, topped the list of foreigners who visited Türkiye in January, according to the data. Russians led the way with over 279,818 arrivals, double compared to a year ago. Bulgaria followed with 167,138 visitors (up 52% year over year), Germany with 139,955 (up 36.4%), and Georgia with 114,508 (up 190.4%). Culture and Tourism Minister Mehmet Nuri Ersoy has said foreign arrivals are expected to reach 60 million in 2023, before hitting 90 million in 2028. For the income, the government sees it rising to $56 billion this year and $100 billion five years from now. COVID-19 restrictions all but dissipated in 2022 and Russians came in droves partly due to flight restrictions imposed by Western nations over Moscow's invasion of Ukraine. Hundreds of thousands of Russians are also estimated to have moved last year to Türkiye, seen as a safe haven for investment in homes and other assets. Arrivals were also backed by a surging demand from European countries, spearheaded by Germany and the United Kingdom. Source: Daily Sabah

Turkish travel spending more than doubled in 2022 season

Spending on local trips in Türkiye more than doubled in the third quarter of 2022, as domestic tourism mobility gained pace in a year marked by an overall rebound in foreign arrivals. Local travelers spent about TL 63.37 billion ($3.37 billion) on trips within Türkiye in the July-September period, the Turkish Statistical Institute (TurkStat) said, marking a 112.6% increase versus a year ago. The authority said nearly 19.16 million people traveled in the third quarter. The number of trips with one or more overnight stays rose 1.1% year-over-year to 23.38 million, the data showed. The travelers made approximately 225.21 million overnight stays. Average overnight stays were 9.6 nights per person, while spending per trip amounted to some TL 2,710, the institute said. Personal expenditures accounted for 88.7% of the overall spending, followed by tour expenditures, which represented 11.3%, or TL 7.17 billion. Food and drinks spending accounted for 31.8%, followed by transportation at 27.8% and accommodation at 15.1%, the data showed. Food and drinks expenditures rose 108.5% year-over-year, while the latter two were up 155.8% and 111.1%, respectively. The rebound in domestic tourism added to a buoyant 2022 season that saw a strong recovery in the number of foreign visitors arriving in Türkiye, after a 2020 slump owing to the COVID-19 pandemic. Backed by demand from European countries, foreign arrivals jumped 84.77% year-over-year in the January-November period of 2022, reaching 42.16 million people, matching pre-pandemic levels of 2019. With 5.48 million arrivals, Germans topped the list, followed by nearly 4.95 million arrivals from Russia and 3.3 million arrivals from the United Kingdom, according to the Culture and Tourism Ministry data. The arrivals have been mainly boosted by Russian visitors who were hit by flight restrictions by Western countries after Russia’s invasion of Ukraine. The rebound prompted the government to revise its year-end tourism targets several times throughout the year. Culture and Tourism Minister Mehmet Nuri Ersoy last month said they expected 51.5 million tourists and $46 billion in revenues in 2022. Estimates had stood at 45 million arrivals and $35 billion in income at the beginning of the year. Forecasts for 2023 have also been upgraded, as Türkiye now expects 60 million foreign visitors and $56 billion in revenue. Officials had hoped tourism this year could replicate or exceed 2019 figures when some 52 million visitors brought in $34 billion in revenue. The number of foreign visitors soared by 94.1% to 24.71 million in 2021 when COVID-19 measures were eased compared to 2020. Tourism revenues doubled to almost $25 billion but remained well below the recorded level in 2019. Revenues from January through September 2022 already reached $35 billion, according to data from TurkStat, up nearly 68% versus the same period in 2021. Tourism revenues are vital to Türkiye’s economy as the government’s new economic program focuses on flipping the current account deficits to a surplus, prioritizing exports, production and investments while curbing rising inflation. Source: Daily Sabah

#Tourism Revenue

Increase in tourism income of Southern Cyprus

Türkiye emerges as top destination for German tourists

Turkish travel spending more than doubled in 2022 season