Timur Bayındır

Istanbul hotels occupancy rates soar in July but revenues keep plunging: Association

Hotel occupancy rates in Istanbul surged nearly 100 percent in July compared to the same month of last year but hotel revenues continued to decline, falling to around a third of hotels in cities such as Paris, the Hotel Association of Turkey (TÜROB) has stated. 

Istanbul hotels' revenue loss hits 1 billion euros in 2017 despite ease in security concerns: Association

Istanbul hotels' loss in revenue exceeded 1 billion euros in the first half of 2017 compared to the same period of 2015, despite a recent ease in security concerns, a leading sector association stated on July 31. 

Istanbul again saw the largest revenue loss among all European destinations in 2017, the Hotels Association of Turkey (TÜROB) said in a statement, citing STR Global data. 

Hotel occupancy rates in Istanbul see sharp increase in April, but revenues keep declining

Hotel occupancy rates across Turkey rose sharply in April thanks to the Easter holiday and a significant revival in the Middle Eastern market, with Istanbul seeing a 30 percent year-on-year increase, although hotel revenues continued to decline, a leading association announced on May 30. 

Turkey's hotel occupancy rates rising but revenue still falling: Tourism association

Turkey's hotel occupancy rates rose in March after months of decline thanks to a surge in the number of business meetings and the sharp rise in the number of Iranian tourists visiting Turkey during the Nevruz holiday. However, hotel revenues have continued to decline in the first quarter of 2017, a leading sector association announced on April 27. 

German travelers booking in Spain, Greece instead of Turkey: Association

Turkey's tourism sector has kept losing its share in Germany, with German tourists opting to visit other countries such as Spain and Greece rather than Turkey, amid security concerns and recent tensions in bilateral ties, said a leading sector association on April 21. 

Istanbul experiences Europe's biggest plunge in hotel revenues

Hotels in Istanbul experienced the biggest decline in both revenue per available room (RevPAR) and average daily rate (ADR), a measure of the average rate paid for rooms sold, among all European destinations in January, as the city's hotel occupancy rates continued to decline, fresh data showed. 

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