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Feb 8, 2009

Indicators used include Political Risk, Business Environment Risk, Forecast International Tourism Receipts, Visitor Arrival Growth, Investment Environment and Shock Factors (taking account of any special factors such as terrorism, natural disasters and disease). Company SWOTs for leading resort, hotel, airline, travel and tourism operators in each market, including competitive intelligence on overall geographic presence, competitive positioning and relationships with international operators; % share of operator markets; % share of international arrivals and departures; % share of busiest domestic routes; main products and services; panregional expansion, merger and acquisition strategies. >>>>
2008.
following an impressive recovery in foreign visitor arrivals in 2007, with growth of 17.8% year-on-year (y-o-y), the most recent data for H108 show continuing buoyant growth in arrivals of some 17% y-o-y to over 11mn visitors.
However, in July, unconfirmed data suggest growth in foreign arrivals slowed somewhat. In the hospitality sector, meanwhile, there are signs of a slowdown in the tourism sector.
In Q208, the total number of tourist room nights amounted to almost 64.5mn nights, up just over 9% y-o-y (compared with almost 13% y-o-y growth in Q207).
Over the same period, the number of foreign tourist room nights – which accounted for some 75% of the total – was up a relatively strong 7.2% y-o-y to around 48.3mn nights (after growth of nearly 17% y-o-y in Q207).
The outlook for the Turkish economy has worsened steadily through the first five months of 2008.
Amid spiralling inflation, renewed monetary tightening, a weakening external climate and a spike in import values owing to energy costs, real GDP growth is now expected to fall further to 3.8% in 2008.
While we have extended our downward economic growth revisions through the long term, maintainING that rising purchasing power and lower interest rates, alongside an improving external climate, should continue to accelerate economic expansion in 2009-2012.
On the back of these data, revised up tor forecast for foreign visitor arrivals this year but maintain that there will be an overall slowdown in growth in 2008 and, in particular, 2009.  


The background economic scenario is holding to long-term positive view on the Turkish lira – which is likely to dampen growth in visitor arrivals to Turkey over the next few years – with end-2008 forecast of TRY1.1400/US$ and long-term forecasts are TRY1.06/US$ and TRY1.36/EUR in 2012. In the short term, this is likely to be compounded by the global economic outlook, with a further slowdown in demand anticipated in key European economies, including Germany, Russia and the UK – major source markets for Turkey.
 In the eurozone forecast for real GDP growth at 1.4% in 2009, revised down from 2.0% (with 2008’s projection unchanged at 1.6%), as believed that the knock-on from the US slowdown will become evident toward the end of 2008.
Turkish Airlines
 In financial results for H108, Turkey’s national airline, Turkish Airlines (THY), reported a substantial 219% y-o-y increase in net profit to US$208mn. This was despite fuel price increases, which resulted in additional costs of US$258mn (fuel costs accounted for 34% of overall operating costs, compared with 26% a year earlier). Operating revenue, meanwhile, increased by 37% y-o-y to US$2,131mn, with 76% of revenue derived from international traffic and 24% from domestic operations. Latest figures for the period January to August 2008 show passenger traffic up a healthy 15.4% y-o-y to 14.9mn.
Hilton Hotels Corporation
Following a similar arrangement with another local developer in 2007, Hilton Hotels Corporation (HHC) signed an agreement with a Turkish conglomerate, in June 2008, to introduce around 25 hotels (3,500 rooms) over five years. The majority of the hotels will be under the Hilton Garden Inn brand, the first of which will be opened in Kütahya (in western Turkey) in Q210.

here, here- Hilton hotels!
Paris Hilton would be verry happy to see all those killed dogs all over Turkey!?
TURKEY 2009. ( CATS & DOGS )
ABANDONED ANIMALS GROUP
http://www.care2.com/c2c/group/Saving_Abandoned_Animals
  
Visibility: Everyone
Posted: Sunday February 8, 2009, 4:45 am
Tags: turkey dogs hilton [add/edit tags]

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