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Tourism is on track to experience significant growth

Monday, March 1, 2010

Owners of rental accommodation in Turkey could be set to benefit from an influx of huge number of holidaymakers as Turkey's tourism industry is on track to experience significant growth over the coming years, according to a report released by global research company RNCOS.

Formed in 2002, RNCOS offers market research and information analysis to global companies.The group predicted that tourist arrivals in the country will top 33 million by 2012. RNCOS said that the sector was "slightly affected" by the economic downturn in 2008, however an "inevitable recovery" is expected this year. A number of trends were identified that could contribute to the success of the industry in the near future, including the rising popularity of health tourism, yachting, Golf holidays and cultural breaks.

Foreign tourists and owners of property in Turkey benefit from good airline connections to and from nearby areas of Asia, Africa, Europe and the Middle East, the report also claims. The RNCOS findings are based on elements including tourist arrivals into Turkey, expenditure in hotels and restaurants and the average disposable income of Turkish residents.

The company's research follows the reports from propertywire.com, which predicted that tourist numbers are expected to "increase significantly" in the next two years as Istanbul is the European Capital of Culture in 2010.

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posted by EstatesNewz, 6:45 PM

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