Strong rebound in investments continues

Hotel investments are continuing their strong rebound this year despite the decline in occupancy rates caused by various factors. Müberra Eresin, President of the Association of Turkish Hoteliers (TÜROB), noted that in 2022 and in the first six months of this year, hotel investments became one of the areas of greatest interest to investors.

Announcing the investment report TÜROB prepared based on the 'Investment Incentive Certificates' data of the Ministry of Industry and Technology, Eresin said that in the first six months of this year, covering the January-June 2023 period, 131 new hotel projects with a total of 23,725 beds across 29 cities received an 'Investment Incentive Certificate.' Stating that the total incentive to be used for these investments amounts to 17 billion TL, Eresin recalled that in the same period last year, incentive applications worth 7.5 billion TL had been made for 75 hotel projects with a total of 14,413 beds.