I guess it is Hurriyet's monthly tourism day: First, a Turkish tour operator goes bankrupt. Then, to make a general point, there is a piece about plummeting margins: The article is about travel agencies, but this is a big problem with hotels as well and will make make one of the pillars of the tourism column I plan to write for Hurriyet soon. Finally, Thomas Cook acquires Oger, a Turkish-owned (or rather half-Turkish) travel specialist. As an economist/blogger moonlighting in the hotel business, I would be worried about concentration in the travel agency business, but as the elders would say, one swallow does not a summer make.
Given my semi-organic ties, to the Daily News, this will sound like biased reporting, but I have been very critical of them in the past as well. Anyway, read the piece on the recovery reflecting on FTZs and then have a look at the picture below:
Hmmm, sloppy reporting I guess. But a very good piece could be written on how the average figures reflect the extremely different performance of FTZs and what could explain those differences.
Another case of no shit, Sherlock. I don't want to teach anyone journalism, but the road to the referendum would have been much more interesting. My friends at Istanbul Analytics/Global Source/Turkey Data Monitor, for example, have some excellent analysis on how the referendum will be shapred by other political events such as terrorist attacks.
BOP data continues to disappoint. And there is a Daily News version as well.
Last but hopefully not the least, you can read what your friendly neighborhood economist has to say for this week.
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