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Currency woes hit Turkish tourism
(22 Messages in 3 pages - View all)
[1] 2 3
1.       Trudy
7887 posts
 05 Oct 2008 Sun 03:25 pm

The declining value of foreign currencies is posing a problem for the tourism industry as the 2008 season draws to a close.

  Turkey´s hotels rely on agreements with foreign tour operators, which generally pay in foreign currency, meaning many are facing a serious decrease in profits in the last weeks of the season and are even being forced to close early.

 

......

 

The Marmaris representative of a British tour operator, Joanne Atkins, noted that 100 pounds was nearly YTL 250 a short time ago but now it was only YTL 200. “This affects mainly dining out, shopping and excursion activities of our clients. They are saying Turkey is getting as expensive as Spain. For example, a glass of vodka is now YTL 6 – that is 3 pounds. The same vodka is 1.5 pounds in the U.K.”

 

More: http://www.turkishdailynews.com.tr/article.php?enewsid=116144

*******

As expensive as Spain? The number of tourists will drop soon further I´m afraid...

2.       lady in red
6947 posts
 05 Oct 2008 Sun 03:32 pm

 

Quoting Trudy

The declining value of foreign currencies is posing a problem for the tourism industry as For example, a glass of vodka is now YTL 6 – that is 3 pounds. The same vodka is 1.5 pounds in the U.K.”

 

 

Not quite as bad as it sounds compared with the UK!  A measure of vodka here is equivalent to a double at in the UK - no optics in Turkey!

3.       peacetrain
1905 posts
 05 Oct 2008 Sun 03:38 pm

Turkey should be pleased.  This way it won´t have some of it´s regions overrun with drunken British youth.

 

Surely people can have a great holiday without getting sozzled.

4.       sonunda
5004 posts
 05 Oct 2008 Sun 04:06 pm

Visitors to Turkey aren´t all drunken yobs.

 

My husband and I love the country and have done 10 ´road trips´ in the last 4 years. Unfortunately this situation has put paid to our re-visiting in the near future.

 

In 2004 we were paying,typically, 25-35 lira for bed and breakfast (double). 2005 about 10% more,2006 another 10% increase and so on. This year on our 5 week trip around Eastern Turkey we counted ourselves lucky if we found something for 50-60 (though there were exceptions)

 

In May/June we got 2.46 lira to the pound. If we did the same trip now at today´s exchange rate it would cost us 20% more-unaffordable to us at the moment.

 

We also noticed the rise in the cost of transport as we cover many,many miles by bus. Still reasonable by UK standards but increasingly Turkey is no longer a cheap destination.

 

 

5.       catwoman
8933 posts
 05 Oct 2008 Sun 04:35 pm

However, the value of Turkish currency is quite inflated, it is artificially kept high at the moment. It is bound to go down.

6.       vineyards
1954 posts
 05 Oct 2008 Sun 05:56 pm

Excessive transportation costs can be linked to the gas price in Turkey which is the highest in Europe and probably in the world too. We pay nearly 3.50 for a liter of regular gasoline. To fill a 55 liter car tank you pay 192 Liras or 157 Dollars. An Iranian businessman who was in my car when I was filling it up said I had just paid enough money to get him a years worth of gas in Iran. I have a small economy class sedan; for the money I paid on it you could buy a decent BMW or Mercedes in Germany. In lira terms it consumes as much as a six cylinder sports sedan does elsewhere. Energy, telecommunication and imported goods as well as alcoholic beverages are extremely expensive in this country.  Once a French friend of mine told me when we were talking about our wine habits, he would pay just a couple of euros for a regular table wine and on special occasions he would look for a decent wine in the 10-15 Euro range. Well in Turkey, unless you don´t want to end up with dog poison you must think of spending 10-15 for a regular table wine and twice as much for a decent one.

 

I have found America is way cheaper than Turkey in electronics; many Europeans believe they are more expensive but apart from certain things like water, fruits and vegetables they tend to be cheaper from basic necessities point of view. If a luxury item is made in Europe, it is still a lot cheaper there since the price runs up dramatically because of taxes and expenses. 

 

There are several reasons behind this problem:

 

* Turkey finances its huge budget deficit through high taxes sometimes amounting to several times the basic cost of an item (e.g. gas prices, car prices).

* Turkey is not producing much enough and efficiently enough. In the mindset of Turks, the ultimate financial target is becoming a shop owner, sitting on a chair day in day out expecting customers. Much of the money circulates in the services sector which again does not produce any tangible value or products. All the auxiliary sectors supporting the locomotive sectors like construction, textile (RIP), tourism etc depend mostly on imported commodity, technology, branding etc. 

 

There are attempts to change this. I see domestic mall chains originating in an Anatolian town (Bursa) and spreading in other neighboring cities creating considerable employment and added economical dynamism to those regions.

7.       peacetrain
1905 posts
 05 Oct 2008 Sun 10:00 pm

 

Quoting sonunda

Visitors to Turkey aren´t all drunken yobs.

 

 

 Well of course they´re not, it was just a ´tongue in cheek´ statement (I didn´t use the word yob either ).  But, seriously, there are places in Cyprus and Ibiza that have been badly affected by the antics of a certain type of British tourist and I would hate the same to happen in Turkey.

 

I too visit Turkey regularly btw and love it.

8.       lady in red
6947 posts
 05 Oct 2008 Sun 10:58 pm

 

Quoting peacetrain

 Well of course they´re not, it was just a ´tongue in cheek´ statement (I didn´t use the word yob either ).  But, seriously, there are places in Cyprus and Ibiza that have been badly affected by the antics of a certain type of British tourist and I would hate the same to happen in Turkey.

 

I too visit Turkey regularly btw and love it.

 

It´s none too pretty in Gumbet of an evening (or so I hear - wouldn´t be seen dead there myself!)

9.       sonunda
5004 posts
 05 Oct 2008 Sun 11:01 pm

"It´s none too pretty in Gumbet of an evening (or so I hear - wouldn´t be seen dead there myself!"

 

 

Yeah right!    {#lang_emotions_alcoholics}

10.       lady in red
6947 posts
 05 Oct 2008 Sun 11:02 pm

 

Quoting sonunda

"It´s none too pretty in Gumbet of an evening (or so I hear - wouldn´t be seen dead there myself!"

 

 

Yeah right!    {#lang_emotions_alcoholics}

 

 How dare you???    {#lang_emotions_rant}

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