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Istanbul ranks first in Europe as its tourism rebounds

Economy News 15 September 2022 09:06
TurkicWorld Daspina Hasanova
Istanbul ranks first in Europe as its tourism rebounds

BAKU. TurkicWorld:

Recording a 2 percent increase in flight arrivals compared to the pre-pandemic period, Istanbul has been the best performing city in Europe this summer, according to the data of travel data analysis company ForwardKeys, TurkicWorld reports citing Daily News.

It was followed by Athens, 7 percent down, Reykjavik and Porto, both 8 percent down, and Malaga down 13 percent.

Türkiye and Greece, the two largest air travel destinations, have both exceeded pre-pandemic levels for international visitor arrivals by 9 percent and 2 percent respectively.

Air travel to Albania, a relatively small destination with less than 1 percent market share of European flight arrivals, was also up by 28 percent.

While no other major country destinations recovered to the numbers seen in the pre-pandemic period (2019), Slovenia, just 7 percent down, Iceland, 8 percent down, and Portugal at 10 percent down came close.

Major factors driving the strong performance of Türkiye include an ongoing decline in the value of the Turkish Lira and its openness to the Russian market, from where direct flights to most of Europe have been banned, according to the company.

In the summer of 2019 Russians accounted for 4 percent of all arrivals to Europe, whereas in 2022, this dropped dramatically.

Greece has performed strongly as a destination throughout the pandemic by implementing relatively visitor-friendly COVID-19 travel restrictions, ForwardKeys said.

European destinations could have attracted more visitors during the summer months if the aviation industry had been better able to cope with the surge in demand for travel during late spring and early summer, said the company, adding that if there had been no disruption, the recovery in intra-European flight bookings would have been five percentage-points higher.

The strongest extra-European market, on the other hand, was the U.S. just 5 percent down on 2019.

It was followed by Colombia and Israel, both 9 percent down, South Africa, 10 percent down, Mexico down 12 percent and Canada and Kuwait, both at 13 down.

Overall, extra-European origin markets were 31 percent down.

Meanwhile, Muberra Eresin, the head of the Hotel Association of Türkiye (TUROB), anticipates this upward trend will continue throughout the year, adding that August will probably be one of the best months of the year.

The diversity of visitors’ nationalities will increase as of September, according to Eresin.

From September onwards, the focus will be on Europeans.

“We expect remarkable increases in our tourism markets such as Russia, Iran, the U.K., the Balkans, Bulgaria, Latin America, the U.S. and Azerbaijan,” she said.

Eresin added that Türkiye would be in an advantageous position in 2023 unless there is an extraordinary situation.

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