Posted on 14 February 2011
Turkey tourism to be boosted with 123 new projects worth TRY 2.5 billion (1.6 Billion USD)
Turkey’s status as one of the most preferred holiday destinations in the Mediterranean is being strengthened with the addition of 123 new projects, worth a total of TRY 2.5 billion. According to the “2010 Tourism Report”, prepared by the Turkish Hoteliers Federation (TUROFED) with the cooperation of Akbank, 44 percent of tourism facilities are less than 10 years old. The construction of new facilities, as well as the renovation of existing ones, will strengthen the industry, the report indicated. The report also stated that 39 facilities are undergoing expansion, modernization and renovation, while four new projects are nearing completion in 2010. The report states that there are 123 new projects in the tourism industry, worth a total of around TRY 2.5 billion.