Hospitality management

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 soared in May, but the city's hotels remained to be the cheapest across Europe, according to a leading tourism association. 

The Hotels Association of Turkey (TÜROB) also noted that hotel occupancy rates in the Mediterranean resort of Antalya continued to decline, despite the recent flock of Russian tourists into the province. 

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. 

Istanbul's embattled tourism may lose in 2017 and the city needs urgent measures to be taken, as hotel room prices keep decreasing, a leading sector association has said.

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. 

Nearly half of the hotel rooms in Turkey are empty with an 11 percent fall in 2017, a recent report by STR Global, a data company, has stated. 

A 1.9 percent increase in the last month of 2016, which was solely revenue from New Year's Day bookings in the Mediterranean resort city of Antalya, did not help annual figures recover, which stood at 50.8 percent. 

According to data released by STR, a US-based company dealing in analysing trends and supply and demand in the global tourism industry, Greek hotels reached 81.9% capacity in the 3rd quarter of 2016. The figure confirms the positive performance of the Greek accommodation industry for the months of September and August. The data shows a 5.8% rise in comparison to last year’s respective term.

Turkey's hoteliers experienced their "emptiest" summer season, as the sector saw the steepest decline in hotel occupancy rates in August, which is normally one of the hottest months for the sector, said a leading association on Sept. 26, adding that Turkey was also the country that experienced the lowest hotel occupancy rates across Europe. 

Hotel occupancy rates declined below 50 percent in Turkey in February, a decrease of 13.4 percent compared to the same term of 2015. Last year's rate was measured at 57.6 percent, whereas this year occupancy dipped to 49.9 percent in the same period.

While hotel occupancy rates continued to decline in November across Turkey, especially in Istanbul, only Antalya hotels saw a sharp increase, thanks to the G-20 Summit as well as several local and international events, according to a report by the Turkish Touristic Hotels and Investors Assocation (TUROB).