The Effect of Credit Usage on Touristic Consumption and Application in Turkey

Abstract

Turkish tourism was developed as more dependent on external demand until the 2000s. With the effect of increase in demand of domestic tourism, Turkish tourism has gained more stable and more balanced structure in the early 21st century. Economic stability in recent years, personal income growth, developments in the banking and finance sector play an important role in this increase in demand for domestic tourism. In parallel to these developments in Turkey, increasing use of consumer credit has increased significantly domestic and international tourism demand of the Turkish citizens in the last 10 years. In our study, taking account these developments in Turkish tourism, the effect of the use of consumer credit for touristic consumption is to determine for domestic and foreign tourism in Turkey.