|Visitor arrivals slow dramatically following June’s political revolt.|
Following double-digit growth in April and May, visitor arrivals to Turkey diluted to their slowest pace in seven months during June 2013.
Although the unrest has since ceased, weeks of anti-government protests throughout major cities resulted in a negative impact on the country’s already slowing economy, Reuters reported.
However, tourism in the country’s coastal resorts was much less severely affected.
Visitor arrivals to Turkey in June 2013 rose by 4.93 percent, compared to the same period last year; the lowest rise since November 2012.
Tourism revenue assists in financing the country’s current economic account deficit.
The Central Bank of the Republic of Turkey reports that tourism revenue stood at US$22.8 billion in the 12 months to the end of May, while the current account deficit was at US$53.6 billion.
The Turkish government has forecast economic growth of 4 percent in 2013; almost doubling last year’s growth of 2.2 percent, but still less than half the rate of growth witnessed in 2011.