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
March 1, 2023
TechSci Research
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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
Abstract Turkey travel & tourism market is anticipated to register 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 USD 7.63 billion in the last quarter of 2021. Out of this, 80.1% of revenue came from international visitors, and 19.9% came from domestic tourism. The growing political stability across the country regarding gender, ethnicity, sexual orientation, racism, and human rights are influencing 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 as a 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 Covid-19, Turkey government relaxed many Covid-related restrictions, which resulted in a 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. 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 than 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, destination, the 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 tourists and international tourists. Based on the purpose of the 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.
Report Scope: In this report, Turkey travel & tourism market has been segmented into the following categories, in addition to the industry trends which have also been detailed below: •Turkey Travel & Tourism Market, By Service Offering: oTicket Reservation oHotel Booking oHoliday/Tour Packages oTravel Insurance oForeign Exchange oVisa Services oConference/Trade Fair Services oOthers •Turkey Travel & Tourism Market, By Destination: oDomestic Tourist oInternational Tourist •Turkey Travel & Tourism Market, By Purpose of Visit: oBusiness oLeisure & Recreation oEducation oMedical oSocial Activity oOthers •Turkey Travel & Tourism Market, By Region: oEastern Anatolia oCentral Anatolia oBlack Sea oMediterranean oAegean oMarmara oSouth 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).
Content Table of Contents
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
Turkey travel & tourism market is anticipated to register 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 USD 7.63 billion in the last quarter of 2021. Out of this, 80.1% of revenue came from international visitors, and 19.9% came from domestic tourism. The growing political stability across the country regarding gender, ethnicity, sexual orientation, racism, and human rights are influencing 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 as a 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 Covid-19, Turkey government relaxed many Covid-related restrictions, which resulted in a 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. 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 than 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, destination, the 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 tourists and international tourists. Based on the purpose of the 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.
Report Scope: In this report, Turkey travel & tourism market has been segmented into the following categories, in addition to the industry trends which have also been detailed below: •Turkey Travel & Tourism Market, By Service Offering: oTicket Reservation oHotel Booking oHoliday/Tour Packages oTravel Insurance oForeign Exchange oVisa Services oConference/Trade Fair Services oOthers •Turkey Travel & Tourism Market, By Destination: oDomestic Tourist oInternational Tourist •Turkey Travel & Tourism Market, By Purpose of Visit: oBusiness oLeisure & Recreation oEducation oMedical oSocial Activity oOthers •Turkey Travel & Tourism Market, By Region: oEastern Anatolia oCentral Anatolia oBlack Sea oMediterranean oAegean oMarmara oSouth 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).
Table of Contents
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