Turkish tourism is one of the top 10 countries in the world
tourism with the fastest growth rate in recent years. The aim of the study is
to analyze the effect of financial system on touristic consumption. At the end
of 2023, the number of tourists visiting Turkiye was 57 million and the tourism
revenue was $ 54.3 Billion. In the last 20 years, the number of foreign
visitors increased 3.74%, travels abroad increased 2.53% and domestic travels
increased 0.27%. One of the main factors of this rapid growth in the tourism
industry is the quantitative and qualitative increase in the tourism demand.
International tourism has contributed to the growth of Turkish tourism in
recent years. The effect of the increase in domestic tourism demand has helped
a more stable and balanced structure of Turkish tourism. With the increase in
per capita income, the banking and finance system has a great impact on the
increase in tourism demand. Firstly, we examined both domestic and foreign
tourism income and expenditure trends in Turkiye in the study. Secondly, we
tried to determine the relationship between tourist consumption and consumer
credit usage. Finally, we evaluated the effect of credit usage on tourist
consumption in Turkiye. The descriptive method was used to determine the
existing situation. The study revealed that tourist consumption and credit
usage have been increased in last 20 years despite of negative developments in
the world economy. The study concludes that the increase in consumer credit
promotes tourist consumption.
Author(s) Details:
Kudret Gul,
Balikesir University Balikesir Vocational School, Tourism and Hotel
Management, Turkiye.
Melike GUL,
Balikesir
University Sindirgi Vocational School, Tourism and Hotel Management, Turkiye.
Please see the link here: https://stm.bookpi.org/CRBME-V4/article/view/14125
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