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Tourism Sector in Order to Recovering From the Recession: Comparison Analyses for Turkey
(Elsevier Science Bv, 2011) Sariisik, Mehmet; Sari, Didar; Sari, Selahattin; Halis, Muhsin
2008 economic crisis hit very hard many sectors globally, beside tourism, too. According to the economical and financial reports, the demand of hotel & restaurant industry declined sharply, and as a result of that situation tourism revenues had been affected negatively. Turkey was one of the few destination, which had a growing at the international tourist arrivals despite the 2008 crisis. Although the tourism revenues declined, but it was little while comparing with its competitors. Via the analyses of data's has been obtained by Prime Ministry Undersecretaries of Treasury, the effects of the main sectors operating in Turkey and their ratios on GDP during recession periods has been compared. As a result of those reports, tourism industry (hotels & restaurants) has been attracting attention with a quick recovering, by the last quarter of 2008. It can be said that tourism has been also main industry during recession periods with generating revenues and helping for current payments deficits