Articles tagged “turkey”

Thomas Cook’s New Investor Reveals Turnaround Plans

Thomas Cook’s New Investor Reveals Turnaround Plans

Asli Kandemir, Luca Casiraghi and Richard Weiss, Bloomberg

How much longer can Thomas Cook stay silent? With Neset Kockar fleshing out his plans, the tour operator will surely have to say whether or not it views his approach as credible.

3 months ago

New Thomas Cook Investor Talks Up Company’s Potential

New Thomas Cook Investor Talks Up Company’s Potential

Simon Foy, Bloomberg

It sounds like we should be preparing ourselves for a new takeover approach. The question is what will Fosun do if and when it comes?

4 months ago

The Balkans Is a Bright Spot in Europe’s Modest Tourism Growth

The Balkans Is a Bright Spot in Europe’s Modest Tourism Growth

Rosie Spinks, Skift

It's not all bad news for European tourist arrivals, but it could be better. However, look to the Balkans for some robust growth fueled by arrivals from China and Russia.

4 months ago

Turkey Tops European Tourism Growth…Again

Turkey Tops European Tourism Growth…Again

Patrick Whyte, Skift

It was only a couple of years ago that the Turkish tourism industry was on its knees. How quickly things can change.

9 months ago

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.

1 year 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.

1 year 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.

1 year 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.

1 year 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.

2 years 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.

2 years 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.

2 years 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.

2 years ago