Q1 2024: 16% increase in foreign tourists and a 7% increase in spending in Turkey – Mastercard [Yahoo! Finance]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: Yahoo! Finance
The report data is based on POS spending by international cards with Mastercard and Maestro logos in Turkey and selected other countries and compares the first three-month periods of January-March in 2023 and 2024. According to the report's results, foreign card transactions in Turkey continued to grow in the first quarter of 2024. Turnover-based growth, which was 12% in the same period of 2023, was 7%, and quantity-based growth/number of visitors, which was 1%, was 16%. When examining the country-based distribution of individual foreign card payments in Turkey, spending with UK-based cards maintained its top position, while Egyptian-based cards set a growth record compared to the previous year. Avsar Gürdal, General Manager of Mastercard Turkey and Azerbaijan, said: “Our country's value propositions in the field of tourism are becoming richer day by day. The appeal in many areas, from history and culture to art, gastronomy, and travel, makes it stand out as a destination. As Mast
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