Oya Narin

Rebound in tourism activity boosts investments

Investments in the tourism sector have gathered momentum after the industry saw a strong rebound in activity, according to a report by the Hotel Association of Türkiye (TÜROB)

In the first six months of 2022, applications filed for incentives worth a total of 7.55 billion Turkish Liras, up 640 percent from a year ago, for 75 projects with 14,400 beds capacity.

Turkish tourism's three-year loss may hit $30 billion unless urgent measures taken: Association

Turkey's struggling tourism sector may lose up to $30 billion over the three-year period covering 2016, 2017 and 2018 if a number of key measures are not taken, Tourism Investors Association (TYD) head Oya Narin has said.