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COMCEC Tourism Outlook-2018

24

Table 0.2 Member Countries by Major Surplus/Deficits on the Travel Balance in 2013-2016

(US$ billion)

Source: UNWTO, 2017 Tourism Barometer Volume14, June 2017.

According to the Table 4.2, Turkey ranked as 6

th

, Malaysia as 14

th

, Morocco as 19

th

and Indonesia

as 22

nd

country by major surplus on the travel balance in international tourismmarket. In 2016,

for example Turkey’s tourism receipts from foreigners were US$ 18.1 billion, however Turkish

citizens spent around US$ 5 billion in other countries. This means that US$ 14.2 billion stayed in

the country as a surplus on the travel balance. This surplus is very important for countries as a

source of foreign exchange in their economies. It can be realized from the Table 4.2 that some

countries have a tendency to spend more than their tourism receipts. It is obvious that the

majority of these countries are the main OIC international tourism destinations and earners. It

is also observed that the balance of international tourism of some member countries accounts

for a high percentage of their international tourism receipts. For example, countries like Saudi

Arabia, Kuwait and Qatar have deficits on travel balance.

Safety and security concerns and political stability are emerging as major challenges for OIC

member states, and it is assumed that these issues will continue to cause difficulties in the years

ahead. Governments should work hard to ensure the safety of tourists and to minimize the

impact of security threats. Terrorist incidents, refugee crises are still important obstacles for

tourism in the region. The strength of the US dollar relative to other currencies is shifting the

price competitiveness among destinations and will affect market share and rankings of OIC

destinations.

Tourism Receipts

Tour. Expenditures

Balance

2014

2015

2016

2014

2015

2016

2014

2015

2016

Turkey

29.6

26.6

19

5.1

5.4

4,8

24.5

21.2

14.2

Malaysia

22.6

17.6

18.1

12.4

10.5

10.5

10.2

7.1

7.6

Morocco

7.1

6.0

6.5

1.4

1.4

1.5

5.6

4.6

5

Indonesia

10.3

10.7

11.3

7.7

7.3

7.7

2.6

3.4

3.6

Egypt

7.2

6.1

2.6

3.1

3.4

-

4.1

1.7

-

Kuwait

0.4

0.1

0.2

11.3

12.4

12.3

-10.9

-12.3

-12.1

S. Arabia

8.2

10.1

12.1

24.1

20.7

16.7

-15.9

-10,6

-4.6

UAE

14.0

16.0

19.4

14.4

15.1

17.1

-0.4

0.9

2.3

Qatar

4.6

5.0

5.4

8.7

8.2

9.6

-4.1

-3.2

-4.2