Based on the provided forecast data, labor costs in travel services in Turkey are expected to rise steadily from 2024 to 2028. In 2023, the labor costs were 3.98 billion New Turkish Liras. From 2024, the year-on-year variations of labor costs forecasted are approximately 4.74% in 2025, 4.36% in 2026, 4.40% in 2027, and 4.00% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated to be around 4.39%.
Future trends to watch for include potential economic fluctuations, changes in tourism demand, and governmental policies affecting the tourism sector. Monitoring these variables will be critical to understand the ongoing labor cost trends and planning for strategic operational adjustments.
