The Funding Structure of Turkish Tourism Sector and a Model Proposal for Tourism Revenue

Year 2019, Volume: 4 Issue: 1, 1 - 15, 30.04.2019

Neslihan Turguttopbaş

https://doi.org/10.31201/ijhmt.528324

Abstract

For decades Turkey has strived for increasing tourism revenues with the
ultimate aim to reduce the current account deficit. Turkish governments have
offered several incentives such as reduced utility prices, funding alternatives
for tourism investments and reduced tax rates, while pursuing policies aimed at
eliminating any bureaucratic barriers that may hinder growth in the tourism
sector. An official document which incorporates an ambitious and extremely
detailed plan to achieve 50 million tourist arrivals and revenues of USD 50
billion by 2023 is on the agenda. This paper is prepared for contributing to
the literature on tourism economics based on Turkey which is rare. The aim of
this study is twofold; firstly the debut analysis of the funding structure of
Turkish tourism sector is realized by using the aggregate balance sheet of 555
tourism companies. Then, a model is proposed by using the linear regression by
which the effects of the variables of public incentive disbursements, terrorism
index, Real Effective Foreign Exchange Rate, Share of Loans to Tourism Sector
in Total Loans provided by financial system, average expenditure incurred by
tourist and the tourism receipt level of major and geographically more
substitute competitor of Greece on Tourism revenue level is examined.

Keywords

tourism revenue;, tourism

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