Turkey Travel & Tourism Market By Service Offering (Ticket Reservation, Hotel Booking, Holiday/Tour Packages, Travel Insurance, Foreign Exchange, Visa Services, Conference/Trade Fair Services and Others), By Destination (Domestic Tourist Vs International Tourist), By Purpose of Visit (Business, Leisure & Recreation, Education, Medical, Social Activity and Others), By Region, Competition Forecast & Opportunities, 2027

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Summary

Report Description

Turkey travel & tourism market is anticipated to register a robust growth in the forecast period, 2023-2027. The rising disposable income of the consumers along with the increasing spending capacity of the middle- and upper-class population are contributing to the rise of travel and tourism in Turkey. Turkey is among the top 10 destinations across the world for tourism. Tourism revenue in Turkey jumped 95% Y-o-Y to USD7.63 billion in the last quarter of 2021. Out of this, 80.1% of revenue came from international visitors, and 19.9% came from the domestic tourism. The growing political stability across the country regarding gender, ethnicity, sexual orientation, racism, and human rights are influencing the people’s decision to travel and explore a beautiful country like Turkey. This eventually is anticipated to propel the growth of the Turkey tour and travel market over the coming years.

Government Initiatives to Propel the Tourism Industry in Turkey Fuels the Market Growth

The growth of tour and travel tourism in Turkey can be attributed to the presence of attractive landscapes, luxury hotel chains, and the availability of a large variety of tourist activities within the country. Furthermore, strategic marketing initiatives taken by the top market players to increase the customer base along with initiatives taken by the government such as ease of convenience in visa offerings are acting growth-inducing factor for the tour and travel industry in Turkey. Moreover, with inflating per capita income, there is a growing preference for personalized services, reliable transportation, and positive and professional interaction with the staff for travel. Furthermore, after the Covid-19, Turkey government relaxed many Covid-related restrictions, which resulted in high number of travelers in the recent quarter. For instance, according to the tourist board of Turkey, after relaxing the lockdown and visa-related restrictions for India, the country hosted a record high number of travelers from India in June at over 27,300. The country also made it easy for anyone to access their visa if they had a valid UK or US visa. Tourism revenues are essential for the Turkey economy, as a result, the government of Turkey is taking great initiatives to propel the travel and tourism industry in the country. Hence, more such initiatives are anticipated to augment the growth of the market over the coming years.


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Rising Influence of social media to Propel the Market Growth

The growing influence of social media platforms like Facebook, Instagram, and other blogging sites has increased exponentially. Numerous travel bloggers with millions of followers use social media platforms to generate user-targeted travel content, which is more influential over traditional advertising. As a result, the rising penetration of the internet, smartphones, and social media platforms are catalyzing the market for tourism and travel. Moreover, the flourishing corporate sector is also adding to the growth of the market. Several corporates organize business trips for their employees to network and make connections internationally. This, along with the ease of booking hotels and flights via well-renowned booking sites such as Airbnb, Yatra, Travelocity, etc., is anticipated to supplement the growth of Turkey travel and tourism market over the coming years.

Market Segmentation

The Turkey travel & tourism market is segmented by service offering, by destination, by purpose of visit, competitive landscape, and regional distribution. Based on the service offering, the market is differentiated between ticket reservation, hotel booking, holiday/tour packages, travel insurance, foreign exchange, visa services, conference/trade fair services and others. By destination, the market is divided between domestic tourist and international tourist. Based on the purpose of visit, the market is segmented into business, leisure & recreation, education, medical, social activity and others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Eastern Anatolia, Central Anatolia, Black Sea, Mediterranean, Aegean, Marmara, and South Eastern.

Company Profile

G Adventures, Exodus Travels Limited, Explore Worldwide Ltd, Europamundo Vacation, MWM Consultancy (Scotland) Ltd., Cosmos Tours Ltd, Topdeck Travel Limited, Insight Vacations (Canada) Ltd., and MacBackpackers Limited are the leading market players in the Turkey travel and tourism market.

Attribute

Details

Base Year

2021

Historical Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Service Offering

·         Destination

·         Purpose of Visit

Regional scope

Eastern Anatolia, Central Anatolia, Black Sea, Mediterranean, Aegean, Marmara, South Eastern

Key companies profiled

G Adventures, Exodus Travels Limited, Explore Worldwide Ltd, Europamundo Vacation, MWM Consultancy (Scotland) Ltd., Cosmos Tours Ltd, Topdeck Travel Limited, Insight Vacations (Canada) Ltd., and MacBackpackers Limited

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 Report Scope:

In this report, Turkey travel & tourism market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Turkey Travel & Tourism Market, By Service Offering:
    • Ticket Reservation
    • Hotel Booking
    • Holiday/Tour Packages
    • Travel Insurance
    • Foreign Exchange
    • Visa Services
    • Conference/Trade Fair Services
    • Others
  • Turkey Travel & Tourism Market, By Destination:
    • Domestic Tourist
    • International Tourist
  • Turkey Travel & Tourism Market, By Purpose of Visit:
    • Business
    • Leisure & Recreation
    • Education
    • Medical
    • Social Activity
    • Others
  • Turkey Travel & Tourism Market, By Region:

o   Eastern Anatolia

o   Central Anatolia

o   Black Sea

o   Mediterranean

o   Aegean

o   Marmara

o   South Eastern

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Turkey Travel & Tourism Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.     Overview: Travel & Tourism

2.    Research Methodology

3.    Executive Summary

4.    Impact of Covid-19 on Turkey Travel & Tourism Market

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Influencing Selection of Service Provider

5.3.  Challenges Faced

6.    Turkey Travel & Tourism Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1. By Service Offering (Ticket Reservation, Hotel Booking, Holiday/Tour Packages, Travel Insurance, Foreign Exchange, Visa Services, Conference/Trade Fair Services and Others)

6.2.2. By Destination (Domestic Tourist Vs International Tourist)

6.2.3. By Purpose of Visit (Business, Leisure & Recreation, Education, Medical, Social Activity and Others)

6.2.4. By Region

6.2.5. By Company (2021)

6.3.  Market Map (By Service Offering, By Destination, By Purpose of Visit, By Region)

7.    Eastern Anatolia Travel & Tourism Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Service Offering

7.2.2.     By Destination

7.2.3.     By Purpose of Visit

8.    Central Anatolia Travel & Tourism Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Service Offering

8.2.2.     By Destination

8.2.3.     By Purpose of Visit

9.    Black Sea Travel & Tourism Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Service Offering

9.2.2.     By Destination

9.2.3.     By Purpose of Visit

10.  Mediterranean Travel & Tourism Market Outlook

10.1.                Market Size & Forecast

10.1.1.  By Value

10.2.                Market Share & Forecast

10.2.1.  By Service Offering

10.2.2.  By Destination

10.2.3.  By Purpose of Visit

11.  Aegean Travel & Tourism Market Outlook

11.1.                Market Size & Forecast

11.1.1.  By Value

11.2.                Market Share & Forecast

11.2.1.  By Service Offering

11.2.2.  By Destination

11.2.3.  By Purpose of Visit

12.  Marmara Travel & Tourism Market Outlook

12.1.                Market Size & Forecast

12.1.1.  By Value

12.2.                Market Share & Forecast

12.2.1.  By Service Offering

12.2.2.  By Destination

12.2.3.  By Purpose of Visit

13.  South Eastern Travel & Tourism Market Outlook

13.1.                Market Size & Forecast

13.1.1.  By Value

13.2.                Market Share & Forecast

13.2.1.  By Service Offering

13.2.2.  By Destination

13.2.3.  By Purpose of Visit

14.  Market Dynamics

14.1.  Drivers

14.2.  Challenges

15.  Market Trends & Developments

16.  Policy & Regulatory Landscape

17.  Turkey Economic Profile

18.  Competitive Landscape

18.1.    Company Profiles

18.1.1.  G Adventures

18.1.2.  Exodus Travels Limited

18.1.3.  Explore Worldwide Ltd

18.1.4.  Europamundo Vacation

18.1.5.  MWM Consultancy (Scotland) Ltd.

18.1.6.  Cosmos Tours Ltd

18.1.7.  Topdeck Travel Limited

18.1.8.  Insight Vacations (Canada) Ltd.

18.1.9.  MacBackpackers Limited

19.  Strategic Recommendations

20.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The growing disposable income of the consumers along with ease of visa application for Turkey is primarily driving the growth of the Turkey travel and tourism market.

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Based on the destination, the market is divided between domestic and international tourist. Among these, the international tourist segment is expected to hold a significant share of the market due to the several initiatives taken by the Turkey government to strengthen the international tourism as it yields more revenue to the country, such as easy visa application and issuance.

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G Adventures, Exodus Travels Limited, Explore Worldwide Ltd, Europamundo Vacation, MWM Consultancy (Scotland) Ltd., Cosmos Tours Ltd, Topdeck Travel Limited, Insight Vacations (Canada) Ltd., and MacBackpackers Limited are the leading market players in the Turkey travel and tourism market.

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New market players are advised to tap the untapped regions such as Eastern and Southeastern Anatolia as they both have untapped potential for new investments.

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Parvati Sharma

Account Manager BD
Press Release

Turkey Travel and Tourism Market Anticipated to be Dominated by the International Tourist Segment Through 2027

Aug, 2022

The increasing initiatives along with the introduction of favorable policies by the Turkey government to boost the tourism industry in the country is primarily driving the growth of the Turkey travel

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