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See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Turkey Foreign Arrivals YoY
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Latest Release
Mar 22, 2024
Actual22.68%
Previous2.10%
Tourism is a service based industry that applies to people's traveling and staying in a place that is not their usual environment and for the purpose of leisure, not business. It includes such elements as accommodation, food and beverages, souvenirs, tours, transport but also relaxation, adventure, culture. Tourism can substantially impact economic development of both host countries and home countries of tourists. However, consequences can be both positive and negative. Benefits from tourism industry concern: income from tourists expenditures as well as imports and exports of goods and services, contributions to government revenues from taxes put on tourism businesses, stimulation of infrastructure investment and new employment opportunities. However, a country or region should not be dependent only on this one industry. The seasonal character of tourism causes problems such as insecurity of seasonal workers that concern e.g. lack of guarantee of employment in next seasons and therefore difficulties in getting employment related medical benefits. In addition, local residents often experience increase in prices for basic goods and services whereas their income remains unchanged. Moreover, as demand in real estate rises in tourist regions, building costs and land values also go up.
| Release Date | Time | Actual | Forecast | Previous | |
|---|---|---|---|---|---|
| Apr 30, 2024 (Mar) | 04:00 | 22.68% | |||
| Mar 22, 2024 (Feb) | 04:00 | 22.68% | 2.10% | ||
| Feb 23, 2024 (Jan) | 04:00 | 2.10% | 3.51% | ||
| Jan 31, 2024 (Dec) | 04:00 | 3.51% | -1.00% | ||
| Dec 22, 2023 (Nov) | 04:00 | -1.00% | 3.83% | ||
| Nov 24, 2023 (Oct) | 04:00 | 3.83% | 5.67% |
Foreign Arrivals (YoY) Discussion
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