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Investment Opportunities in Turkish Tourism Sector

Learn about the investment opportunities in the Turkish tourism sector and why Turkey is appealing for foreign investors. Discover the incentives and support provided for tourism investments. Also, explore the potential for cooperation in thermal tourism and the experience of Hungary in spa and wellness tourism.

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Investment Opportunities in Turkish Tourism Sector

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  1. REPUBLIC OF TURKEY MINISTRY OF CULTURE AND TOURISM DIRECTORATE GENERAL FOR INVESTMENTS AND OPERATIONS TURKEY – HUNGARY TOURISM JOINT COMMISSION MEETING

  2. INVESTMENT OPPORTUNITIES IN TURKISH TOURISM SECTOR

  3. OPPORTUNITIES WE CAN OFFER • In accordance with the concerned legislation, there is no bureaucratic obstacle for foreign investors to invest in Turkey.

  4. OPPORTUNITIES WE CAN OFFER FOREIGN DIRECT INVESTMENT INFLOW TO TURKEY– USD Billion

  5. OPPORTUNITIES WE CAN OFFER AVERAGE ANNUAL GDP GROWTH % – 2002-2012

  6. OPPORTUNITIES WE CAN OFFER

  7. WHY TURKEY IS APPELAING FOR FOREIGN INVESTORS • Turkey ranks 13th among the most appealıng countries in terms of foreign direct investment. • 6th biggest economy of the Europe and 16th in the world in 2012, • 5% Annual average real GDP growth in the last decade.

  8. WHY TURKEY IS APPELAING FOR FOREIGN INVESTORS • GDP reached USD 786 billion in 2012 from 231 billion in 2002. • Tight fiscal discipline and consistent economic policies. • financial sector proven resilient for global economic crisis.

  9. INCENTIVES –NEW INCENTIVE SYSTEM

  10. WHY TURKEY IS APPELAING FOR FOREIGN INVESTORS Facilitations provided for culture tourism protection and deveopment zones 5 are; • Vat exemptıon • Customs tax exemptıon • Interest support • Allocatıon of ınvestmemt area • Insurance premıum support

  11. PROCEDURE FOR TOURISM INVESTMENTS • Setting up a company with foreign capital • Obtaining license • Obtaining work permit • Environmental effect evaluation report • Construction license • Operation license and its procedure

  12. SUPPORT PROVIDED IN ACCORDANCE WITH LAW 2634 ON TOURISM INCENTIVE • Allocation Of Investment Land • Energy Support • Hiring Foreign Staff and Artists • Estate Tax Exemption

  13. AREAS OPEN TO COOPERATION

  14. THERMAL TOURISM Balçova Termal Otel, İzmir Oruçoğlu Termal, Afyon Yalova Termal Tesisleri Umut Termal Otel, Sarayköy-Denizli

  15. SHARING HUNGARIAN EXPERIENCE ON SPA AND WELLNESS TOURISM • Thermal Tourism has a remarkable importance within Hungary’s health tourism potential. • There are wellness facilities in 13 provinces in Hungary. The richest city in that sense is Budapest.

  16. SHARING HUNGARIAN EXPERIENCE ON SPA AND WELLNESS TOURISM • Thermal pools in app 150 spots, of which 36 are licensed health centre . • With her health tourism potential Hunagry competes with Japan, Iceland, Italy and France. Budapest is known as the “Spa and wellness capital” of the worlds.

  17. SHARING HUNGARIAN EXPERIENCE ON SPA AND WELLNESS TOURISM • 147 million euro spa and wellness income was generated in 2008. • Total health tourism revenue of 368 million euros. • Figures on thermal tourism visitors; Germany and Hungary 10 million, Russia 8 million, France 700 000, Switzerland 800 000 Spain 400 000 and only Beppu province of Japan receives 12-13 million visitors.

  18. SHARING HUNGARIAN EXPERIENCE ON SPA AND WELLNESS TOURISM • For all the above mentioned reasons, it is believed that Turkey should benefit from Hungary’s know how and experience about thermal tourism.

  19. Thank You...

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