THE EXISTANCE AND STRENGTH OF THE FOREIGN INVESTORS IN TURKISH ACCOMMODATION AND GASTRONOMY SECTOR

Gümüş Y., Kurt Gümüş G.

8th International Gastronomy Tourism Studies Congress, Aydın, Turkey, 17 - 20 October 2024, pp.150-151, (Summary Text)

  • Publication Type: Conference Paper / Summary Text
  • City: Aydın
  • Country: Turkey
  • Page Numbers: pp.150-151
  • Dokuz Eylül University Affiliated: Yes

Abstract

Tourism industry is one of the most important service related industries of Türkiye. It generated 54 billion US $ in 2023 with 16.9% increase compared to the year 2022 (TURKSTAT, 2024). Türkiye’s GDP in 2023 is 1.1 billion US $ and the share of tourism industry is 5 % (STATISTA, 2024).

Increasing revenue from tourism related sectors is of great importantance especially for current account balance. Since service export revenue from tourism industry in total has direct contibution to the balance of payments, all researches and studies which analyze the industry and its components in order to get insights and have policy implications contribute to the public finance and Turkish economy as well.

The mechanisms and methods to improve the performance of the tourism industry in total and its components support Turkish economy. Thus, this study aims at determining the existance and strength of foreign capital in accommodation and gastronomy sector in order to make references which make contribution to the whole industry.