FX.co ★ Turkey’s Tourism Revenues Drop Sharply to $15.15B in Q4 2025

Turkey’s tourism sector registered a marked slowdown in the final quarter of 2025, with revenues declining to $15.15 billion, down from $24.30 billion in the third quarter of the same year. The latest figures, updated on 30 January 2026, underscore a significant quarter-on-quarter contraction in one of the country’s key foreign currency earning sectors.

The sharp drop in fourth-quarter tourism income follows a particularly strong third quarter of 2025, traditionally supported by peak summer travel. The Q4 result suggests a notable cooling in activity as the year drew to a close, raising questions for investors and policymakers about the resilience of external revenues amid seasonal and potential demand-related headwinds.

With tourism playing a central role in Turkey’s balance of payments and broader economic outlook, markets are likely to watch upcoming data closely for signs of whether the Q4 2025 decline marks a temporary seasonal adjustment or the beginning of a more prolonged slowdown in international visitor spending.