Turkey records best growth in 2011 by far, hotel market is growing rapidly where recent figures reveals ADR growth of 34 per cent and RevPAR of 29 per cent for Turkey Hospitality market for the year end of 2011. Over 36 million visitors created over US$ 23 billion annual tourism income while Istanbul has become the third-fastest growing tourist destination in terms of visitor numbers. The number of hotel rooms increasing rapidly to satisfy the demand, currently more than 5000 rooms are in the pipeline. IHG, Marriott, Wyndham, Radisson, and UAE’s Jumeirah are some of the known investors in Turkey`s hospitality industry.
In order to celebrate the 100th anniversary of the Turkish Republic, a goal has been set to reach 70 million tourist arrivals to Turkey with US$80 billion by 2023.
Noppen`s 2nd Annual Turkey Hotel Expansion Summit will gather Developers, Investors, Regulators, Construction Companies, Architects, Solution Providers, Financial Institutes and Associations to discuss projects, future investment, foreign player involvement, design trends and technology updates.
