Tourism, Entertainment and Accomodition
Most consumers are familiar with the travel and tourism industry from using its services for some needed rest and relaxation during family and related vacations. However, these same activities can be invested in, with many publicly-traded firms offering travel activities for the end benefit of growing the capital of their underlying shareholders. Here are some areas of the travel and tourism market that could prove lucrative from an investing standpoint. It could also help committed travellers better understand the landscape and hunt down some travel deals.
Online Travel Providers; as with many industries, revenue continues to shift to the internet when it comes to providing travel and tourism services. Stock brokers have been replaced in large part with online trading platforms, while traditional travel agents have had to compete with online websites that allow consumers to shop for low prices and convenient schedules. Cruising; the cruise line industry has been in existence for more than a century, but still is not that widespread as a travel choice for many consumers. Hotels; the hotel industry is dominated by a couple of leading international players. The chains have also pursued the managing of properties for hotel owners, as well as timeshares where they sell the rights for consumers to use their properties for a week, or more, during each calendar year. Mega Resorts; large resort operators combine the development of hotels with other entertainment and related amenities.
As the 6th most popular tourist destination in the world and attracting more than 46 million tourists in 2018, Turkey continues to present vast investment opportunities in both the established and newly-developing subsectors of the tourism industry.
With its favourable location, existing potential, mega projects, and ambitious targets set for 2023, the tourism sector continues to grow at a rate that outstrips its bed capacity. Even though there has been a surge of investments in the last several years, there is still ample room for new ventures. Eastern and South-eastern Anatolia both have untapped potential for cultural tourism as well as the increasingly popular boutique hotel concept, which blends well with the characteristic nature, history, and culture of the regions.