Turkey $11.6 Bn Hotel Market Forecast to 2026: Expected Growth to Return in 2021 on the Back of Domestic Tourists

Dublin, Sept. 15, 2020 (GLOBE NEWSWIRE) — The “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” report has been added to ResearchAndMarkets.com’s offering.

It is anticipated that Turkey Hotel Market will be US$ 11.6 Billion by the end of the year 2026

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.

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.

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges

5. Turkey Hotel Market

6. Market Share – Turkey Hotel
6.1 Budget Hotel vs. Star Rated Hotel
6.2 Star rated Hotel

7. Market & Volume – Star Rated Hotel
7.1 1 Star
7.1.1 Market
7.1.2 Volume

8. City Volume – Star Rated Hotel
8.1 Antalya
8.2 Istanbul
8.3 Mugla
8.4 Izmir
8.5 Aydin
8.6 Ankara
8.7 Mersin
8.8 Busra
8.9 Afyonkarahisar
8.10 Balikesir

9. Market & Volume – by Province Budget Hotel
9.1 Istanbul
9.1.1 Market
9.1.2 Volume (No of Hotel, No of Rooms & No of Beds)
9.2 Marmara
9.2.1 East & West Market
9.2.2 East & West Volume (No of Hotel, No of Rooms & No of Beds)
9.3 Aegean
9.3.1 Aegean & Mediterranean Market
9.3.2 Aegean & Mediterranean Volume (No of Hotel, No of Rooms & No of Beds)
9.4 Black Sea
9.4.1 West & East Market
9.4.2 West & East Volume (No of Hotel, No of Rooms & No of Beds)
9.5 West Anatolia
9.5.1 Market
9.5.2 Volume (No of Hotel, No of Rooms & No of Beds)
9.6 Central Anatolia
9.6.1 Market
9.6.2 Volume (No of Hotel, No of Rooms & No of Beds)
9.7 Northeast Anatolia
9.7.1 Market
9.7.2 Volume (No of Hotel, No of Rooms & No of Beds)
9.8 Central-East Anatolia
9.8.1 Market
9.8.2 Volume (No of Hotel, No of Rooms & No of Beds)
9.9 Southeast Anatolia
9.9.1 Market
9.9.2 Volume (No of Hotel, No of Rooms & No of Beds)

10. Chain Hotel in Turkey
10.1 Top 10 International Chain Groups
10.2 Top 10 Domestic Chain Groups
10.3 Top 10 International Brand
10.4 Top 9 Domestic Brand
10.5 Chain Hotel by Category

11. Turkey Hospitality Sector: Merger & Acquisition Deals

12. Top Five Countries People Visited in Turkey
12.1 Distribution of Arriving Foreign Visitors
12.2 Distribution of Arriving Foreign Visitors

13. Company Analysis
13.1 Radisson Hotels
13.1.1 Overview
13.1.2 Recent Development
13.1.3 Revenue
13.2 Hilton
13.3 Accor
13.4 Marriott

For more information about this report visit https://www.researchandmarkets.com/r/8jgtbi

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