Representing the investment power of the Turkish tourism sector TTYDis an official partner of Istanbul Tourism Fair ITF 2025 opened its doors at the Istanbul Yenikapı-Eurasia Exhibition and Art Center on September 25–26, 2025. The fair, which hosted agencies, procurement committees, and corporate travel companies from 50 countries, featured over 70 national and international speakers across 17 main topics. Reaching 15.000 tourism professionals in its third year, the ITF has also become a key platform for new collaborations and strategic connections.
“Our tourism revenue broke an all-time record in 2024.”
Speaking at the opening of the fair, TTYD President Oya Narin highlighted Türkiye's strong performance in tourism and said:
Turkey is a country that has written a success story in tourism. In 2024, our tourism revenue reached $61,1 billion, breaking an all-time record. The total number of visitors reached 62,2 million. This momentum continues in 2025. Tourism revenue in the first quarter reached $9,45 billion, and in the second quarter, approximately $16,1 billion. Our country currently ranks among the top four in tourism. This figure clearly demonstrates our country's competitiveness and resilience despite the volatile global climate.
Istanbul, with its ancient history, natural beauty, rich gastronomy, advanced infrastructure, quality accommodations and food and beverage facilities, service standards, and accessibility, is strengthening its position among the world's leading destinations every day. We are showcasing this success, a shared effort of all of us, to the world and contributing to our national economy. Therefore, at this point, our sector continues to move forward with confidence in the future.
"Türkiye is not expensive, we do not compete based on cheapness, we provide qualified and high-quality service."
Our country offers a particularly strong price-quality balance, particularly with its diversity of experiences, high-quality standards, blend of culture, nature, and health, and accessibility. We no longer compete on affordability, but on quality, unique stories, and service quality. Our goal is to strengthen our country's perception of tourism value by increasing revenue per visitor and length of stay.
I want to emphasize here that recent claims that Türkiye is an expensive destination do not reflect reality; on the contrary, they aim to overshadow the achievements of our sector. We are not an expensive country, but we are no longer a cheap one either. We must accept this and set our organizations and goals accordingly.
“We need to use the advantages we have by expanding them.”
Narin emphasized that the success in foreign tourism continues in domestic tourism as well, and continued:
Domestic travel spending reached $1,8 billion in the first quarter of 2025. These indicators confirm that the domestic market is a stabilizing anchor and a regional development tool for our sector. This is one of our key advantages in tourism. Our competitors lack such opportunities, and the new tourism initiatives, particularly those launched in Arab countries, with the exception of Spain and Italy, lack such capacity. Therefore, a completely foreign-dependent tourism sector is a challenge, particularly in terms of sustainability and return on investment. We must leverage this advantage by expanding it.
Tourism has three stakeholders: our government, our guests, and ourselves. We've done everything we could to bring tourism to this point. Our government is satisfied with our figures and performance, our guests are satisfied with the service we provide, and are we satisfied as well? If we're dissatisfied, we need to address our needs. Because we need new approaches to international competition. We must all work together to highlight the necessity of these approaches, open them up for discussion, and elevate our country to even greater heights.
As the Turkish Tourism Investors Association, we continue to work on valuable projects such as these, as well as forums like the Tourism Investment Forum, to improve the return on investment and the investment environment while also developing the business.”
The future of accommodation and investment was discussed at the Presidents' Session
During the fair's "Presidents' Session," moderated by journalist Hakan Güldağ, TTYD President Oya Narin and TÜROB Board Chair Müberra Eresin made important assessments of the tourism sector's present and future.
Oya Narin: “We must initiate the third move in tourism.”
Addressing the financing problem in Turkish tourism, Oya Narin gave the following messages:
2025 wasn't an easy year, but despite this, our overall trend is upward. Türkiye's tourism performance has gained significant momentum. However, when we look at the breakdowns of this growth, we see that accommodation challenges persist. While travel and transportation revenues are growing, accommodation isn't growing at the same rate. Employment costs in our sector, once 38-40 percent of total costs, have now risen to 50 percent. This, in turn, is dragging down profitability. We need a new perspective and financing models. These steps weren't taken this year. However, approximately 200 of the 2 million beds need to be renovated each year. However, due to insufficient financing, this isn't happening.
The future of Turkish tourism requires a third tourism initiative and a new growth story. Our country, in particular, needs to increase its share of global tourism. To achieve this, the government, investors, and the financial system must jointly develop a new plan. If the banking system provides adequate financing and working capital support, it can drive up prices in the sector. Otherwise, our prices remain under pressure due to resource constraints. Furthermore, it is possible to generate resources by converting some of the 2 million beds into residential units. If we fail to launch this third tourism initiative, our competitive advantage will be weakened in the face of attacks from countries like Saudi Arabia, Greece, Egypt, and Dubai.
"We also have a human resources problem. Young people who receive tourism training do not stay in the sector because we cannot provide a 12-month job and a stable income. We need to solve this issue as well."
The financing architecture of Turkish tourism must be renewed
Oya Narin emphasized that the tourism sector needs new financing models for new investments. She said, “Government mechanisms are open to tourism, our municipalities are open to tourism, and our people are open to tourism. All the building blocks are in place. There's only one thing left: financing. We see the potential and appetite in this area. Of course, many events unfold in the international climate, and there's nothing the sector can do about them. Investors are withdrawing, bankers are withdrawing. In fact, we shouldn't. At this point, the Turkish tourism sector needs to make both capital and equity investments. What Türkiye needs to do is develop financing models. Furthermore, we need to elevate our success in the global tourism arena with a new tourism plan. For example, Dubai achieves 80-90% occupancy, even in the heat of July. What they're doing is cooling down the pools. We need to be able to do this too. We need to create added value and explore different forms of tourism. How will we do this? With new investments.”
Narin emphasized that the growth in global tourism represents an opportunity for Turkey, saying, “World tourism will grow even further. We must not lag behind this growth. We must diversify our tourism sector. We will have new competitors, but none of them can truly compete with us. None of them have the culture, nature, or human resources we do. You'll understand the human resources shortage in Spain and Italy when you visit them and see middle-aged people on the bus. But we still have the advantage of a young population. As the public sector and NGOs, we need to develop a new model.”
Source: HORECA Trend and TTYD