Turkey Hotel Market, Forecast by 2026

According to the latest report by Renub Research, titled “Turkey Hotel Market & Volume, Budget & Star Rated Hotel ( 1st, 2nd, 3rd, 4th, 5th) Star, City, Province, Chain Hotel (International, Domestic), Company (Hilton, Marriott, Radisson, Accor) & Forecast” Turkey has become a hotspot for tourist looking for leisure activities. Turkey is a combination of natural beauty, along with historical and cultural sites. Turkey has been ranked as the 6th most visited country in the year 2019. The city like Istanbul, which is the cultural and historical capital of Turkey, attracts a huge number of tourist along with Antalya. The number of tourists in Turkey has grown significantly in recent years for other cities in Turkey like Mugla, Izmir, Aydin, Ankara, Mersin, Busra, Afyonkarahisar and Balikesir. This growth is also propelling Turkey Hotel Market due to the availability of a high number of hotels at affordable prices. According to Renub Research analysis, Turkey Hotel Market is forecasted to be US$ 11.6 Billion by the end of the year 2026.

The initiative of Turkey government to boost tourism through various programs such as the Health Transformation Program started in the year 2003 are boosting Turkey healthcare sector, which results in higher hotel occupancy. Ministry of Tourism has also launched new regulation and strategies to increase revenue from tourism by increasing the number of visitors. Foreign visitors in Turkey have grown significantly from countries like Russia, the United Kingdom, Germany, Iran and Bulgaria.

Impact of COVID-19 on Turkey Hotel Market

COVID-19 pandemic has disturbed most the hospitality industries in the world. Out of these Hotel and Tourism industry are on the verge of breakdown in the year 2020. Hotel market in Turkey has seen sharp decline in the year 2020, but we expect from the year 2021 the market will grow as domestic and foreign tourist will again start coming to hotels as they do in past years.

About Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises of major players in Life Sciences, Information Technology, Telecom, Financial Services (Banking, Insurance), Energy, Retail, Manufacturing, Automotive, and Social sector. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Contact Us:
Renub Research
Phone No: +1 678-302-0700 (USA) | +91-120-421-9822 (IND)
Email: info@renub.com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research

Turkey Hotel Market & Volume Forecast Budget Hotel by Cities

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 was named the 6th most visited country across the globe hosted a large number of tourists. According to Renub Research report, it is anticipated that Turkey Hotel Market will be US$ 11.6 Billion by the end of the year 2026.

Turkey Hotel Market & Volume Forecast by Star Rated & Budget Hotel

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 hotel. 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.

Renub Research 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).

Request a free Sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=turkey-hotel-market-p.php

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

About Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises of major players in Life Sciences, Information Technology, Telecom, Financial Services (Banking, Insurance), Energy, Retail, Manufacturing, Automotive, and Social sector. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Contact Us:
Renub Research
Phone No: +1 678-302-0700 (USA) | +91-120-421-9822 (IND)
Email : info@renub.com
Web: https://www.renub.com
Fallow on Linkedin: https://www.linkedin.com/company/renub-research