11/06/2020

Turkey Hotel Market 2020-2026: Recent Developments and Sales Analysis of Radisson, Hilton, Accor and Marriott

According to the report, it is anticipated that Turkey Hotel Market will be US$ 11.6 billion by the end of the year 2026. 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. 

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 Ka. 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 Impact 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. 

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