Turkey to increase subsidies for travel companies
Baku, Azerbaijan, Nov. 28
By Rufiz Hafizoglu – Trend:
Turkey will increase the amount of subsidies for travel companies for developing tourism, the Turkish Ministry of Culture and Tourism said in a message Nov. 28.
According to the message, the amount of subsidies will be increased by 40 percent and reach 800 million Turkish liras in 2018.
Moreover, 565 million liras were allocated in Turkey as part of the tourism sector support program in 2017.
Earlier, it was reported that the Turkish government is ready to subsidize travel companies in order to develop cruise tourism.
Cruise companies, which bring tourists to Turkey, are expected to receive a subsidy of $30 for each tourist.
According to the Turkish Statistical Institute, Turkey's income from tourism grew by 37.6 percent in 3Q17, as compared to the same period of 2016, and amounted to $11.3 billion.
Turkey is actively developing the tourism sector. Turkey's revenues from tourism increased by 8.7 percent in 2Q17, as compared to the same period of 2016, and amounted to $5.4 billion.
Thus, 12.25 million tourists visited Turkey in 1H17, which is 14.05 percent more than in January-June 2016.
The number of foreigners who visited Turkey in June 2017 increased by 43 percent compared to the same month of 2016. Almost 3.5 million foreigners visited Turkey in June 2017, 42,000 of them traveled to other countries through Turkey.
(3.9356 TRY = $1 on Nov. 28)
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