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Market Report: Uzbekistan
Known for its impressive mosques, mausoleums and fascinating links to the Silk Road, Uzbekistan, a former Soviet republic, has now become Central Asia’s biggest draw for its show-stopping architecture and ancient sites. The new government has opened its doors to tourism, with an easier visa process and regular flights into the capital. Horwath HTL Turkey is currently actively involved in some of the top projects to support Uzbek tourism and has produced this latest report with an overview of the country and its offer.
Market Report: Turkey
Turkey is one of the leading tourism destinations in the world. It is where antiquity meets contemporary and it boasts stunning scenery as well as having a rich historical legacy. Despite the political and economical crises in the past few years, in 2018 Turkey attracted more than a record number of 46 million tourists with its breath taking coastlines, iconic destinations and mouth watering Turkish cuisine. Following a significant decline in tourism due to political and economic instability in 2016, Turkey’s tourism sector began to show signs of recovery in 2017. Hotel occupancy increased by 2.5% to 60.9%, the average daily rate (ADR) rose from USD 71.75 to USD 74.55, and revenue per available room (RevPAR) saw a 6.5% increase to USD 45.42. Travel and tourism contributed USD 98.4 billion to GDP in 2017, 11.6% of the total GDP, with projections for growth in the subsequent years.