The benefits of tourism are stuck in confusion

2023′The profits of the tourism sector, which started with record objectives and closed the season with 50.2 million visitors and $42 billion in revenue, remained under pressure from inflation and costs. The war that broke out between Israel and Palestine after Russia and Ukraine balanced the records. Kaan Kavaloğlu, president of the Association of Mediterranean Tour Operators and Hoteliers (AKTOB), noted that cost increases have become unaffordable, especially as the euro remains at a certain level, and said: “There is very high cost pressure. serious inflationary pressure on us. In particular, we experienced a period in which our labor costs increased by more than 100 percent, our overhead expenses and energy expenses increased by up to 150 percent. We can only increase our prices by 15 percent. We cover some of our costs through the appreciation of the euro exchange rate against the TL. We couldn’t live long enough to close this.

EXCEEDED 15 MILLION

The low profits were a disadvantage for us. “In the past, the return on investments used to take 7-8 years, but now it has increased to 18 years,” he said. In response to questions from this year’s 13th Tourism Congress, Kavaloğlu stated that Antalya did its part to achieve year-end targets and closed the year with 16 percent growth. “2019 was a record year for us. We spent that year and surpassed 15 million tourists. The war in our region affects us. This is not a decrease in reserves, but a slowdown. Kavaloğlu said: “We started with a record, now we are balanced” and that the sector can break new records in 2024.

will provide a loan of 2 billion dollars

This Türkiye İş Bankası, which this year supported the congress as the main sponsor, announced that it would provide an annual loan of one billion dollars to the sector. İşbank General Manager Hakan Aran stated that they will transform the corporate branch in Antalya into a specialized tourism branch and said: “We have a loan balance of one billion dollars for the tourism sector. “Our goal is to increase lending volume from $1 billion to $2 billion in the next two years,” he said. Aran pointed out that the sector could grow in 2026 if it spends two years investing.