In recent years, Turkey has been considered as one of the most attractive destinations for travel across the world as a variety of options is available at affordable prices. Besides, the country classic sun & sea vacation, apart from that it is also known for its historical, heritage as well as cultural attractions among tourists. In the year 2019, Turkey has named the 6th most visited country across the globe hosted a large number of tourists. According to the report, it is anticipated that Turkey Hotel Market will be US$ 11.6 Billion by the end of the year 2026.
Foreign visitors have risen dramatically in the last few years in Turkey. Countries like Germany, Bulgaria, United Kingdom, Iran, and Russia are the country from where many tourists arrive in Turkey. Star rated hotel has the most significant market share in Turkey due to numbers of the facility given by star-rated hotels. Besides, visitors also prefer star rated over a budget hotel.
Antalya is one of the most preferred cities in Turkey and has 4-star and 5-star hotels in its center and surrounding towns such as Kemer, Belek, and Kaş. Star rated hotel occupancy is increasing year on year. Turkey's lucrative tourism industry souring and its top destination for Halal Tourism tend to drive Turkey hotel market in the future.
COVID-19 Impacts on Turkey Hotel Industry
Around the world, COVID-19 has impacted almost every economy, mostly tourism, hotel, and the airlines' industry. Turkey is a part of an interconnected globally, and this new crisis hits at the center of globalization. So, we expect the coronavirus will affect the Turkey hotel market severely in the year 2020. The year 2021 will see some growth on the back of domestic tourists. Read the complete analysis of Cornonavirus's impact on the hotel industry of Turkey in the report.
The report titled "Turkey Hotel Market & Volume, Star Rated Hotel & Budget Hotel, Hotel by Star Rated (1st Star, 2nd Star, 3rd Star, 4th Star, 5th Star), City (Antalya, Istanbul, Mugla, Izmir, Aydin, Ankara, Mersin, Busra, Afyonkarahisar, Balikesir), Province (Istanbul, Marmara (East & West), Aegean (Aegean & Mediterranean), Black Sea (West & East), Anatolia (Central Anatolia, Northeast Anatolia, Central-East Anatolia, Southeast Anatolia), Chain Hotel (Top 10 International Chain Groups, Top 10 Domestic Chain Groups, Top 9 Domestic Brand, Chain Hotel by Category), Company (Hilton, Marriott, Radisson, Accor) & Forecast” provides an all-encompassing analysis on the Turkey Hotel Market.
Antalya is the most preferred city in Turkey Star Rated Hotel
In this report, we have covered Star rated hotel Volume by City: we have studied complete insights of Star Rated Hotel Volume (Hotel rooms) by in these ten cities (Antalya, Istanbul, Mugla, Izmir, Aydin, Ankara, Mersin, Busra, Afyonkarahisar, Balikesir).
1 to 5 Star Turkey Hotels Market and Volume covered in the report
In this report, we have shown complete insight into Turkey Hotel by Star category. The covered market & Volume by Star Rated (By Number of Hotel and Number of rooms) are; 1st Star, 2nd Star, 3rd Star, 4th Star, 5th Star.
5 Province Budget Hotel Analysis
5 Province has been studied thoroughly in this report, namely Istanbul, Marmara (East & West), Aegean (Aegean & Mediterranean), Black Sea (West & East), Anatolia (Central Anatolia, Northeast Anatolia, Central-East Anatolia, Southeast Anatolia).
All the hotels have been studied from two points
- Recent Developments
- Sales Analysis
Company Insights - Turkey Hotel Market
- Radisson
- Hilton
- Accor
- Marriott
Hotel Category - Turkey Hotel Market
- Star Rated
- Budget
Star Rated Hotel Volume By City - Turkey Hotel Market
- Antalya
- Istanbul
- Mugla
- Izmir
- Aydin
- Ankara
- Mersin
- Busra
- Afyonkarahisar
- Balikesir
Market & Volume of Budget Hotel By Province - Turkey Hotel Market
- Istanbul
- Marmara (East & West)
- Aegean (Aegean & Mediterranean)
- Black Sea (West & East)
- Anatolia (Central Anatolia, Northeast Anatolia, Central-East Anatolia, Southeast Anatolia)
Chain Hotel - Turkey Hotel Market
- Top 10 International Chain Groups
- Top 10 Domestic Chain Groups
- Top 9 Domestic Brand
- Chain Hotel by Category
Top Five Countries People Visited in Turkey
- Distribution of Arriving Foreign Visitors - Top 5 Countries (2017-2019) November
- Distribution of Arriving Foreign Visitors - Top 5 Countries (2017-2019) January-November
Table of Contents
Companies Mentioned
- Radisson
- Hilton
- Accor
- Marriott
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
LOADING...
