Europe

Market profile

Turkey with 73,7 million population has GDP growth rate in 2010 of  8,9%. The 1st Quarter 2011 GDP Growth rate is 11% ranking number 1 in the World. Total GDP for 2010 is 1,116 trillion USD and Turkey is part of G20 major economies in the world. Beyond that Turkey has stable economy and global crisis had very little, almost no effect on Turkish Economy. Outbound travel increased tremendously during last 18 months, according to BSP statistics İnternational IATA Carriers sales in Turkey increased by 18,3% within 6 months in 2011 compared to 2010. Turkish travellers are late decision makers and need visa for many countries in the world which slows down outbound travel. Nevertheless Turkish outbound travel increases in two digit statistics and mostly travelling for business, education in abroad (language/study), cultural, strong ethnic VFR traffic, slightly to beach destinations.