Touristic investments in Tokat: Prospects & Risks
Turkey has gained momentum in its economy with its robust tourism industry. This nation welcomed around 51 million foreign tourists in 2019, making it the 6th most popular tourist hub. Now, when it comes to the provinces of Turkey, enriched with natural and architectural beauty, Tokat tops the list. With the growth of investments in the tourism sector of Turkey, Tokat sees a lot more development. Newer touristic sources turned up in Turkey with newer investments made in Tokat. So, here is what you need to know about the touristic investments in Tokat.
The Tourism Industry in Tokat
Tokat holds a great share in the tourism market of Turkey as it is rich with many tourist spots. Being located on mountainous-forested terrain, Tokat is a great place to explore. Its flora and fauna are one of the main attractions for tourists. The nation welcomes tourists from all over the world throughout the year. So, making proper touristic investments here can help investors achieve great profit. Thus, apart from investing in construction works, investors also intend to increase recreational and sportive activities in the province. These developments will serve as an alternative and diverse sector for tourism.
Prospects of Touristic Investments in Tokat
The geographical location of Tokat in the middle of the Black Sea and Anatolia makes it an ideal tourist destination. But the altitude of Tokat lying within 200-2200m made it quite difficult to access the place. And this lack of proper transportation hindered Tokat’s tourism. So, taking advantage of this drawback, many investors started making huge investments in Tokat’s transportation infrastructure. Now, we all know transportation investments are directly related to the touristic investments of any place. After all, tourism means to travel. So, the emerging transportation infrastructural investments gradually helped improve the touristic potential of the province. Tokat’s new airport construction and ongoing highway works are the most noteworthy developments. The new airport of Tokat will help in increasing tourist capacity. It will start with flights across 15 countries and later connect with 100 countries. Thus, this smooth connectivity will allow more tourists to flock to this province. Similarly, ongoing investments in roadways and railways also increased tourism mobility. Besides, other touristic investments like the Kanal Tokat, Ballica Cave, Gumenek National Garden, Kaz Lake, and Zinav Lake and Canyon make Tokat an excellent tourist destination.
Risks of Touristic Investments in Tokat
Political unrest and security issues are some major risks for tourism in Turkey and Tokat. The conflict between the Turkish government and the Kurdistan Workers’ Party is the main reason for violence. Also, the security risk in Turkey increased due to frequent terrorist attacks by the Islamic State (IS). Besides, the geopolitical fallout of Turkey with Russia further prevents Russian investors from making a prospective touristic investment in Tokat. Furthermore, the imposed economic sanctions of Russia on Turkey, including a ban on its holiday charter flights, affected the number of tourists visiting the country.
Although the province of Tokat has some risk factors, the prospects of its tourism industry make it an ideal city to invest in. With the interest of the Turkish government and other investors in improving the tourism industry of the city, Tokat will enjoy an amazing touristic revenue in the future.