Turkish Tourism Revenues Plunge 50.4% in Q4
2021-01-29 07:30
By
Chusnul Chotimah
1 min. read
Turkey's tourism revenues slumped 50.4 percent from a year earlier to USD 3.914 billion in the fourth quarter of 2020, of which 74.9 percent was obtained from foreign visitors and 25.1 percent was obtained from citizens resident abroad.
All expenditure types decreased compared to same quarter of the previous year.
Package tour expenditure (share of Turkey) declined by 72.2 percent, tour services expenditure decreased by 68.4 percent and sports, education, culture expenditure decreased by 67.3 percent.
Considering 2020 full year, tourism revenues plunged by 65.1 percent from a year earlier to USD 12.96 billion.