The Tourism Investment Forum (TIF) 2020, organized by the Turkish Tourism Investors Association, took place on January 28-29 in Istanbul. The global organization brought together renowned tourism experts under the theme of “Destination Future Turkey”.
Speaking at the Tourism Investment Forum in İstanbul, Investment Office President Arda Ermut said, “We do not consider annual FDI figures of USD 13-14 billion sufficient for Turkey; we aim to double our current 1 percent share of global FDI in the long-term.”
Positive Momentum Continues in Turkey’s Tourism Sector
Turkey is one of the leading tourism destinations in the world with its stunning scenery, rich historic legacy, beautiful coastline, spectacular icons, exciting events, and cultural festivals. The country offers great deals on accommodation, and there are a variety of things to see and do. Figures regarding Turkish tourism support the forecasts that anticipate records being broken in 2020.
Turkish tourism revenues hit USD 34.5 billion in 2019, a new record high according to TurkStat. The figure jumped 17 percent last year, up from USD 29.5 billion in 2018. Also, 51.9 million tourists visited the country last year, a rise of 13.7 percent year-on-year. The average expenditure per capita stood at USD 666 in 2019, up from USD 647 in 2018.
As the 6th most popular tourist destination in the world, Turkey continues to present vast investment opportunities in the tourism sector.