Turkey is considered one of the top 10 tourist destinations in the world. The country has managed to earn this position thanks to its fabulous coastline, awe inspiring natural beauty and distinctive historical archaeological sites. In recent years, Turkey’s tourism and hotel industry have seen several positive trends including growth in the number of tourist arrival and a sharp surge in the number of hotels coming up across the country.
Industry Snapshot – Trends and Expectations
The hotel industry in Turkey has been growing due to several favorable factors. According to market experts, hotel demand in this region is increasing not only due to tourism but also due to business and MICE activities. Such positive trends have created an encouraging atmosphere for an increased number of hotel investments. According to Turkey Hotel Market Review, by DTZ Pamir & Soyuer, the country will most likely have around 3500 hotels with a total supply of 370,000 rooms by 2015.The country is also expected to receive 45 million tourists in 2015 and going by recent reports, around 75 hotel constructions are in progress.
Published in: IDS Next Blog
By: Lilian D’Costa