In 2022, the share of travel services in services exports was 45.61%, increasing slightly to 45.57% in 2023 and expected to reach 45.69% in 2024. The year-on-year variation for 2024 compared to 2023 is projected at 0.26%. From 2023 to 2028, the CAGR is estimated at 0.2%, with a forecasted 5-year growth rate of 0.99%.
Future Trends to Watch
Future trends to watch include the impacts of global economic conditions, changes in travel policies, and the influence of regional geopolitical factors. Technological advancements and shifts in consumer travel preferences may also play key roles in shaping the share of travel services in Turkiye's services exports.
