ANTALYA: The New Airport in TAV's Portfolio

TAV included 50% operation rights of Antalya Airport (AYT), which is the second largest airport in Turkey following Istanbul Atatürk Airport (IST), until 2024 to its portfolio in May. Although most of us are familiar with Antalya as a tourism destination, let's look at the city from a different angle and try to get to know it by figures:

Having a coastal line of 640 km, Antalya has a mild climate throughout the year which makes the region available for tourism for over 8 months. Antalya encourages the second highest number of foreign investments following Istanbul thanks to its tourism potential.

Being among the most visited cities worldwide, Antalya is expected to be listed as the third city that hosts the highest number of visitors following London and Paris in Europe with an expected number of tourists of 14 million this year. Antalya, which was listed as the 11th city in the world in 2014 in terms of number of visitors, is expected to increase its rank to 8 in 2018.

Welcoming around one third of foreign visitors who travel to Turkey alone, Antalya consists of 55 percent of the overall bed capacity in Turkey. The number of beds in Antalya only exceeds the number of beds in Portugal and Egypt, which are well-known tourism destinations. The city is a very popular option for the tour operators as well, as Antalya is a hugely-demanded tourism hub and the tourism operators have their own hotel investments in the city.

As Antalya's population is also growing in parallel to the number of visits held to Antalya, the city's position has slightly shifted from a place to be visited to a place where visitors are coming from. The population of Antalya is expected to reach 3 million in 2024.

Losing around 40% of its passengers in 2016 because of the political tension resulting from the Russian aircraft being crushed in November 2015 and the terrorist attacks and coup attempt, AYT has been in a rapid recovery period with the Russian tourists starting to arrive around the end of high season in 2017 and increased its number of international passengers by 57% compared to the previous year. In the first five month of 2018, the international passenger traffic growth was achieved around 40% with the arriving Russians as well as visitors from the Western Europe. The growth is expected to break records during the rest of the year and the number of international passengers is expected to reach 25 million at the end of the year.

Although AYT Airport falls behind IST in terms of total number of passengers, it surpasses IST in terms of International O&D passengers considering duty-free access and airport fees. Leaving IST (10.7 million) behind in 2014 in terms of the International O&D passenger number, AYT (11.1 million) fell behind IST because of the Russian aircraft crises, terrorism and coup attempt; however, the airport is expected to outscore IST in 2018, following the recovery period.