Terrorism and Tourism: An Empirical Exemplification of Consequences of Terrorist Attacks on Tourism Revenues in Turkey

KAYA, Mustafa Göktuğ | ONIFADE, Stephen Taiwo | AKPINAR, Ayhan

The booming tourism sector in Turkey has resulted in major economic gains in terms of direct revenues to both government and private sectors alike. Turkey had more than 45 million visits in 2018, and top inbound arrivals were from Russia and European Union (EU) members, such as Germany, the United Kingdom, and Bulgaria, among others (Organization for Economic Co-operation and Development [OECD], 2020). However, terrorism is becoming a challenge to tourism development. This study explores terrorism–tourism dynamics in Turkey. The short- and long-run impacts of terror attacks on tourism revenues ...Daha fazlası