Articles tagged “turkey”

Turkey’s Weak Economy Entices Travelers With Good Deals

Turkey’s Weak Economy Entices Travelers With Good Deals

Dan Peltier, Skift

Travelers love nothing more than a good deal, and that's exactly what much of Turkey is offering right now. A cooling economy has travelers striking while the iron is hot.

2 months ago

Luxury Hotel Owner Dogus Is Looking to Sell Properties Across Europe

Luxury Hotel Owner Dogus Is Looking to Sell Properties Across Europe

Ercan Ersoy and Gillian Tan, Bloomberg

The Dogus conglomerate, an owner of prestigious hotels across Europe, was $5.7 billion in debt as of June. Asset sales seem likely, though it's not clear if buyers will make acceptable offers.

3 months ago

Turkish Airlines Sees Weaker Demand Growth in Sign of Tourism Slowdown

Turkish Airlines Sees Weaker Demand Growth in Sign of Tourism Slowdown

Christopher Jasper, Bloomberg

The national carrier that's known as Turkish Airlines is seeing passenger demand weaken. Looks like forecasts of a boom in Turkish tourism this summer were overplayed.

7 months ago

How These Currency Fluctuations Will Boost Tourism This Summer

How These Currency Fluctuations Will Boost Tourism This Summer

Ben Bartenstein, Bloomberg

It's the upside to currency fluctuations. While the local economies suffer, for the most part, when the value of the currency drops, it does make those locations more attractive to foreign travelers because of exchange rates. Here's hoping for a robust summer vacation season.

8 months ago

Turkey’s Tourism Industry Is Optimistic That the Good Times Are Coming Back

Turkey’s Tourism Industry Is Optimistic That the Good Times Are Coming Back

Bloomberg, Taylan Bilgic

With thoughts of political coups and terrorism starting to recede in peoples' memories, Turkey's tourism industry will be hoping for a bumper 2018 season. As long as the prices are low, tourists will come.

8 months ago

Turkish Airport Builder Limak Investments Considers IPO

Turkish Airport Builder Limak Investments Considers IPO

Mohammed Aly Sergie and Yousef Gamal El-Din, Bloomberg

Building airports is a profitable enterprise, as the Turkish company shows. The problem: Not too many cities other than Istanbul are starting from scratch with new airports.

10 months ago

Uber Drivers in Istanbul Face Cabbie Harassment and Violence

Uber Drivers in Istanbul Face Cabbie Harassment and Violence

Cagan Koc and Ugur Yilmaz, Bloomberg

Should Uber be regulated as a transport company and be subject to the same rules as ordinary taxis? It may be some time until the world reaches a consensus. Meanwhile, Uber drivers face bodily harm by protestors in Istanbul.

10 months ago

Turkish Airlines Stock Is Rallying But Fears Remain

Turkish Airlines Stock Is Rallying But Fears Remain

Tugce Ozsoy and Taylan Bilgic, Bloomberg

Turkish Airlines had said it would revive its fortunes by 2018 and it looks like that's coming to pass. Geopolitical tensions, however, don't give the carrier much firm footing with many investors.

11 months ago

Thomas Cook Looks to Turkey and Egypt to Ease Its Pain in Spain

Thomas Cook Looks to Turkey and Egypt to Ease Its Pain in Spain

Patrick Whyte, Skift

Spain's popularity among UK tourists has not dwindled. Thomas Cook will be hoping demand to higher-margin destinations such as Turkey continues to grow or else it faces an expensive summer.

11 months ago

5 Top European Ski Spots With Cultural Verve

5 Top European Ski Spots With Cultural Verve

Chadner Navarro, Bloomberg

If you like to ski, but don’t want to plan a trip that just goes to the Alps, try these unexpected combinations.

11 months ago

Travel Megatrends 2018: European Travelers Return to Once-Disrupted Destinations

Travel Megatrends 2018: European Travelers Return to Once-Disrupted Destinations

Patrick Whyte, Skift

Things can change very quickly in travel. Geopolitics plays a big part in deciding a destination’s popularity. With Spain undergoing its own problems, and fewer terrorist incidents taking place in North Africa and the Middle East, the tourist spread is starting to rebalance itself.

12 months ago

Turkey Hits Back at U.S. With Travel Warning of Its Own

Turkey Hits Back at U.S. With Travel Warning of Its Own

Cagan Koc, Bloomberg

This latest diplomatic dust-up follows a similar incident last year where Turkey and the U.S. suspended visa services for travel between the two countries. Until relations between the countries are repaired, we can expect more of these altercations.

1 year ago