Istanbul, historically also known as Constantinople and Byzantium, is the most populous city in Turkey and the country’s economic, cultural, and historic center. Istanbul is a transcontinental city in Eurasia, straddling the Bosphorus strait between the Sea of Marmara and the Black Sea. Its commercial and historical center lies on the European side and about a third of its population lives on the Asian side. The city is the administrative center of the Istanbul Metropolitan Municipality (coterminous with Istanbul Province), both hosting a population of around 14 million residents. Istanbul is one of the world’s most populous cities and ranks as the world’s 7th-largest city proper and the largest European city.
Approximately 12.56 million foreign visitors arrived in Istanbul in 2015, five years after it was named a European Capital of Culture, making the city the world’s fifth most popular tourist destination. The city’s biggest attraction is its historic center, partially listed as a UNESCO World Heritage Site, and its cultural and entertainment hub can be found across the city’s natural harbor, the Golden Horn, in the Beyoğlu district. Considered a global city, Istanbul has one of the fastest-growing metropolitan economies in the world. It hosts the headquarters of many Turkish companies and media outlets and accounts for more than a quarter of the country’s gross domestic product. Hoping to capitalize on its revitalization and rapid expansion, Istanbul bid for the Summer Olympics five times in twenty years.