Foreign tourism investment in Turkey declines
17-02-24
Foreign direct investment in Turkey's tourism sector experienced a marked decline in 2023, registering an 86% drop compared to the previous year. This dramatic reduction brought investments from $332 million in 2022 to just $46 million in the last year, marking a turning point for the country's tourism industry.
This decline in foreign investment has been deeply felt in key sectors such as accommodation and catering, fundamental to Turkey's tourism ecosystem. Data provided by the Central Bank of the Republic of Turkey, and compiled by Turizm Ajansi, reflects not only international investor pullback but also a broader context of economic and possibly geopolitical challenges.