Date: June 10-12, 2021
Capacity: 300 CEOs – Professionals
Topics: Luxury Travel & Investment
Host: Bodrum Municipality
Mayor: Ahmet Aras
17.00-20.00: Castle tour and Welcome cocktail (Guests and related Journalists)
10.00 – 10.30: Opening Ceremony
10.30-12.30: Protocol Speech
12.30-13.30: Lunch break
The tourism vision of Turkey on the post covid-era?
According to OECD, the outlook for the tourism sector remains highly uncertain. The coronavirus (COVID-19) pandemic continues to hit hard international tourism which decreased in 2020. Domestic tourism is helping to soften the blow, at least partially, and governments have taken impressive immediate action to restore and re-activate the sector, while protecting jobs and businesses. Many countries are also now developing measures to build a more resilient tourism economy post COVID-19. These include preparing plans to support the sustainable recovery of tourism, promoting the digital transition and move to a greener tourism system, and rethinking tourism for the future. In this way, what is the tourism vision of Turkey on the post covid-era ?
14.30-15.10 Q-A :
The impact of Tourism Industry on a destination? Sample of United Kingdom
Tourism is a major part of the United Kingdom economy. In 2017, the Tourism Satellite Account estimated a direct contribution of GBP 59.7 billion in GVA, 3.2% of total GVA. Tourism is growing at a faster rate than the overall UK economy and an additional 9 million visitors are forecast by 2025. In 2015, 1.6 million jobs were directly attributable to tourism. When considering jobs in tourism-related industries, this figure rises to approximately 3 million, or one in ten of all jobs. Travel exports represented 12.2% of total service exports in 2018. The tourism industry represents such an impact for a destination like the United Kingdom that the technology and digital connectivity are rapidly changing the way people travel and how audiences interact with the world around them. It is estimated that 85% of inbound visitors to the United Kingdom book their travel online and 56% use location technology to find attractions whilst on holiday. As part of the Artificial Intelligence and Data Grand Challenge the United Kingdom is exploring whether it can transform the way tourism analytics and data is used through the creation of a new independent Tourism Data Hub.
Bodrum as a destination on the eyes of investors
Bodrum is a fertile home for investment in Turkey, and there has been an increase in domestic and foreign investment in the city in recent years in all areas, such as hotels, real estate, hospitals, health tourism, sports, infrastructure and other areas of investment. And what made it at the forefront of Turkish cities is a source of investment is having the most important ports in the world, as well as its tourist nature and beaches, which have generated a plethora of high-end restaurants, shopping centres, hotels, clubs, yachts and shopping centres, and as a destination for global dignitaries to own and invest.
Russia and Travel
According to UNWTO, the potential of Russia allows, with the appropriate level of development of the tourist infrastructure, to receive up to 40 million foreign tourists per year. At the same time, the number of tourists coming to Russia is only 22.5 million, which does not correspond to its tourist potential.
16:50 -17:50 Q-A :
The importance of connectivity and transportation for destinations
Although the transport industry provides the link between tourism generating and destination regions the industry’s role as an agent in destination development has been largely overlooked. If the ability of tourists to travel to preferred destinations is inhibited by inefficiencies in the transport system there is some likelihood that they will seek alternative destinations. So it’s important for us to understand the importance of connectivity and transportation for destinations.
10.30 – 11:10 Session:
New source market Africa: What are dynamics?
According to OECD 2021 « Africa’s Development Dynamics 2021 » Report, COVID-19 poses an unprecedented threat to financing Africa’s development by creating new risks and exacerbating pre-existing vulnerabilities. The amount of financing per capita decreased over 2010-18 for both domestic revenues and external financial flows, by 18% and 5%, respectively. Between 2019 and 2020, the ratio of tax to gross domestic product (GDP) decreased by about 10% in at least 22 African countries; total national savings could drop by 18%, remittances by a fourth and foreign direct investment by 40%. Donors have pledged to maintain official development assistance at their pre- crisis levels, although their capacity may depend on economic trends. This negative shock is increasing fiscal expenditure to support health and economic activities, which will probably double fiscal deficits. In these conditions, the analysis of the new source market for Africa appear important.
11:10 – 11:40 Q-A:
The dynamics of Black Sea Region and D-8 Countries?
Conflict and cooperation are two dynamics that have shaped the political economy and international relations around the Black Sea since the early nineties. Despite the negative structural environment and the persistence of a high security dilemma, cooperative efforts among Black Sea actors (primarily state elites but increasingly non-state actors) have been advancing. In this context, what are the dynamics of Black Sea Region and D-8 Countries?
Turkey Tourism in Numbers. The perspective of Investment and Banking
As the 6th most popular tourist destination in the world and attracting more than 46 million tourists in 2018, Turkey continues to present vast investment opportunities in both the established and newly-developing subsectors of the tourism industry. With its favorable location, existing potential, mega projects, and ambitious targets set for 2023, the tourism sector continues to grow at a rate that outstrips its bed capacity. Even though there has been a surge of investments in the last several years, there is still ample room for new ventures. The number of banks operating in the banking sector was 53 as in December 2019. Of these 34 were deposit banks, and 13 were development and investment banks. Of the deposit banks, three were state-owned banks, and nine were private banks. Finally, there were six participation banks in Turkey.
12.10-13.30: Lunch break
13:30 – 14:15 Q-A:
The Economic Perspective of Tourism
The economic perspective on tourism provides insights into the types of choices and decisions which consumers, private sector suppliers, government agencies, and policymakers make. Tourism in Turkey has emerged as an enormous branch of industry with its approximately US $20 billion annual foreign exchange earning and direct and indirect employment opportunities it provides for more than 3 million people. According to OECD, In 2018, it directly accounted for 7.7% of total employment, directly employing 2.2 million people. Total tourism income represented 3.8% of GDP. Travel exports accounted for 51.9% of total service exports in 2018. Turkey attracted 45.8 million international tourists in 2018, an increase of 21.7% compared with 2017 which generated TRY 142.4 billion in tourism revenues, a 12% increase compared to the previous year. In this case, the Economic Perspective and Trends of Turkish Tourism are interesting to hear.
14:15 – 15:00 Q-A:
Luxury and Tourism Investments
Over the past 30 years, Dubai has quickly developed into what can no doubt be described as one of the pinnacle tourist and business destinations of the world. Fuelled by the vision and generosity of H.H. Sheikh Mohammad bin Rashid Al Maktoum, Dubai’s renowned reputation for its vast supply and thus consumption of luxury products and services has continued to grow parallel to the city’s expansion. Within the luxury hotel segment, Dubai can now be considered to be saturated with the supply of luxury hotels, which consequently is beginning to show negative financial effects (STR, 2016). It is possible to suggest that Dubai’s over-exposure and the so called “mega-dream” are in fact denting Dubai’s luxury reputation.
15:00 – 15: 30 Q-A :
Bodrum as a destination
Tourism investment in Bodrum, Turkey is one of the best in the city, with tourist places visited by millions of tourists each year, abundant resorts and numerous scenic beaches, requiring an adequate, extensive and constantly evolving tourism structure. Bodrum possesses the finest features of nature’s enchanting lovers such as scenic beaches, its distinctive markets and its magnificent neighborhoods, as well as its seaport, which connects it to the islands of the Aegean Sea and the Mediterranean Sea, from which cruises take place. Tourism investment in Bodrum has increased, as it is fertile ground for investors with its clean coasts, scenic nature and the availability of infrastructure from hotels and other tourist services.