Turkey's hotel occupancy rates fell to European low of 50.8% in 2016

By bne IntelliNews January 26, 2017

Turkey’s average hotel occupancy rates plunged to a European low of 50.8% last year from 61.7% in 2015, Reuters reported on January 26, citing Hotel Association of Turkey (TUROB) data.

The country’s tourism industry felt the impact of a wave of terrorist attacks, growing geopolitical risks and tensions with Russia in 2016 which led to a temporary Moscow ban on charter flights taking Russians to holiday in Turkey. Ankara relies on the industry to generate much-needed hard currency to help finance the country’s current account deficit.

Not all the statistical data on tourism was bad, however - last December, Turkey’s hotels experienced a 1.6% y/y increase in the average occupancy rate to 49.2%.

The number of tourists visiting Turkey declined by 30.85% y/y to 24.05mn over January-November, according to the latest tourism ministry data. The decline in tourist visits measured 21.4% y/y in November to a number of 1.35mn, easing from the previous month’s sharper drop of 26% y/y.

 

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Turkish Deniz Bank stops opening Russian accounts

One of the largest Turkish banks DenizBank has significantly tightened the conditions for opening accounts for Russian nationals since the beginning of 2024 and has practically stopped approving such ... more

Despite local elections defeat Erdogan “remains in control” at head of “super-executive regime”, says analyst

Despite his AKP party’s defeat in the weekend’s local elections, Turkish President ... more

Turkish footwear manufacturers step up investments in Uzbekistan’s leather and footwear industries

Turkish footwear manufacturers are stepping up their investments in Uzbekistan’s leather and footwear industries, according to local reports. A $1mn investment in the manufacture of leather, ... more

Follow Us On

Most Read

  1. Shocking trial of ex-minister has shifted domestic violence attitudes in Kazakhstan, says brother
    5 days ago
  2. RAGOZIN: Exhausting Russia, strategies and fantasies
    4 days ago
  3. COMMENT: Aliyev continues to block the chance of peace in the South Caucasus
    7 days ago
  4. Russia is producing weapons at a record pace, and Ukraine’s partners are trying to increase support for Kyiv
    6 days ago
  5. Live fish fall from the sky in Central Iran - video
    2 days ago
  1. Albanians campaign on social media to keep bus bridge created in freak accident
    2 years ago
  2. Saudi Arabia to scale back plans for Neom city
    27 days ago
  3. Iran vs Israel: Who is better equipped for war?
    23 days ago
  4. Leading emerging markets move rapidly up World Bank’s PPP GDP and FDI confidence rankings
    28 days ago
  5. The ruble overtakes the yuan as Russia's main currency for settling international trade deals
    28 days ago

Reports

Dismiss