The Impacts of Political and Economic Uncertainties on the Tourism Industry in Turkey

Abstract

Turkey is one of the most visited countries by international tourists in the world. In 2013, the tourism receipts in the country increased by 11. 4% compared to the previous year. More than 4 million Russian tourists visited Turkey in 2013, mainly on the Mediterranean region. Utilizing a case study approach, this study examines the impacts of the political and economic uncertainties on the tourism market in Turkey. The uncertainties are identified as follows: (1) global economic crises, (2) political instabilities between the EU and Russia, and (3) domestic and regional political instabilities. Based on the number of tourist arrivals and statistics on tourist flows, the study reveals that the tourism market in Turkey is indirectly affected by the political instability and following economic crisis in Russia. Furthermore, the domestic and regional political instabilities surrounding Turkey have not negatively affected tourist flows. This study contributes to the literature with an analysis on how uncertainties in state policies have an impact on the tourism market. The paper is based on secondary resources such as in-depth statistical data, country reports, industry forecasts as well as risk/reward and security ratings. DOI: 10.5901/mjss.2015.v6n2s5p265