April 2019 Investment Incentive Report
April 2019
ACCOMMODATION SECTOR INVESTMENT INCENTIVE CERTIFICATES
TÜROB EVALUATION REPORT
The “Investment Incentive Certificates” issued by the Ministry of Trade of the Republic of Turkey for April 2018 were published in the Official Gazette dated 19.06.2019, and the said “Investment Incentive Certificates” have been compiled with respect to the accommodation sector by the Association of Turkish Hoteliers - TÜROB.
Accordingly;
a) April 2019
In April 2019, a total of 14 new hotel projects in 10 separate cities nationwide received an “Incentive Certificate.” Following the new investments, which will be completed with a total expenditure of 355.631 million Turkish Lira, 629 new additional jobs will be created in the sector.
With the completion of the investments to be made in 10 separate cities, the bed capacity will increase by 2,102. In terms of the number of beds, Sakarya ranked first with 500 beds, followed by Istanbul with 408 beds.
In April 2019, the number of hotels that received a Renovation Incentive was 10, and the investment amount was 99.693 million Turkish Lira.
|
April 2019 INVESTMENT INCENTIVE CERTIFICATES |
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|
Provinces |
Total Number of Hotels |
Beds |
Investment TL (Thousand TL) |
Employment |
|
ANTALYA |
1 |
240 |
28.950.000 |
75 |
|
BALIKESİR |
1 |
102 |
27.933.077 |
30 |
|
EDİRNE |
1 |
58 |
3.385.035 |
18 |
|
ISTANBUL |
3 |
408 |
56.401.830 |
108 |
|
IZMIR |
1 |
22 |
12.200.000 |
15 |
|
MUĞLA |
2 |
318 |
24.761.198 |
85 |
|
SAKARYA |
1 |
500 |
157.000.000 |
200 |
|
TEKİRDAĞ |
2 |
156 |
22.336.100 |
48 |
|
VAN |
1 |
106 |
9.200.000 |
20 |
|
ZONGULDAK |
1 |
192 |
13.464.419 |
30 |
|
TOTAL |
14 |
2.102 |
355.631.659 |
629 |
b) Distribution of April 2019 hotels by Star category;
Among the hotels that received an incentive certificate, 4-star hotels rank first with a total of 7 hotels.
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APRIL 2019 |
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|
INVESTMENT INCENTIVE LIST |
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|
Class |
Number of Hotels |
Number of Beds |
|
5* |
2 |
740 |
|
4* |
7 |
976 |
|
3* |
2 |
156 |
|
Boutique |
3 |
230 |
|
Total |
14 |
2.102 |
c) Distribution of January – April 2019 hotels by Star category;
In the first four months of 2019, among the hotels that received an incentive certificate, 3-star hotels ranked first with a total of 15 hotels, while in terms of capacity 5-star hotels ranked first with 5,488 beds.
|
2019 JANUARY-APRIL |
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|
INVESTMENT INCENTIVE LIST |
||
|
Class |
Number of Hotels |
Number of Beds |
|
5* |
10 |
5.488 |
|
4* |
11 |
2.180 |
|
3* |
15 |
1.347 |
|
2* |
- |
- |
|
Boutique |
4 |
306 |
|
Special Licensed |
1 |
92 |
|
Total |
41 |
9.413 |
d) 2014-2015-2016-2017-2018-2019 April period comparison
When compared with the figures of the previous April periods, a general decline is observed in the figures.
|
Comparison of the months of April for the years 2014-2015-2016-2017-2018-2019 |
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|
Year |
Number of Provinces |
Number of Hotels |
Number of Beds |
New Employment |
Investment Amount |
|
2014 |
19 |
34 |
12.702 |
2.437 |
796.10 Million TL |
|
2015 |
14 |
25 |
4.157 |
1.024 |
242.03 Million TL |
|
2016 |
9 |
13 |
3.889 |
1.186 |
374.20 Million TL |
|
2017 |
17 |
23 |
2.991 |
845 |
237.040 Million TL |
|
2018 |
13 |
15 |
4.562 |
1.518 |
570.742 Million TL |
|
2019 |
10 |
14 |
2.102 |
629 |
355.631 Million TL |
e) 2014-2015-2016-2017-2018 January-April period comparison
When compared with the figures of the previous January-April periods, a decline is observed in the figures, except for the investment amount.
|
Comparison of the January - April periods for the years 2014-2015-2016-2017 |
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|
Year |
Number of Provinces |
Number of Hotels |
Number of Beds |
New Employment |
Investment Amount |
|
2014 |
39 |
126 |
39.818 |
9.017 |
2,264.10 Million TL |
|
2015 |
27 |
95 |
22.824 |
5.223 |
1,303.53 Million TL |
|
2016 |
29 |
66 |
14.581 |
3.532 |
1,017.50 Million TL |
|
2017 |
33 |
76 |
11.634 |
3.263 |
1,265.34 Million TL |
|
2018 |
32 |
64 |
11.052 |
3.107 |
1,183.823.09 Million TL |
|
2019 |
16 |
41 |
9.413 |
2.397 |
1,227.278.00 Million TL |
January – April 2018 Turkey-Wide Province-Based Investment Incentive List
|
JANUARY - MARCH 2019 INVESTMENT INCENTIVE CERTIFICATES |
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|
|
Provinces |
Total Number of Hotels |
Beds |
Investment TL (Thousand TL) |
Employment |
|
1 |
ANTALYA |
10 |
5.182 |
540.783.772,00 ₺ |
1098 |
|
2 |
BALIKESİR |
1 |
102 |
27.933.077,00 ₺ |
30 |
|
3 |
EDİRNE |
2 |
138 |
6.845.035,00 ₺ |
28 |
|
4 |
GİRESUN |
1 |
50 |
5.677.055,00 ₺ |
20 |
|
5 |
ISTANBUL |
8 |
1.335 |
142.231.113,00 ₺ |
335 |
|
6 |
IZMIR |
2 |
322 |
136.200.000,00 ₺ |
265 |
|
7 |
KONYA |
2 |
184 |
32.611.513,00 ₺ |
50 |
|
8 |
MUĞLA |
6 |
722 |
50.603.958,00 ₺ |
165 |
|
9 |
NEVŞEHİR |
1 |
196 |
29.765.249,00 ₺ |
30 |
|
10 |
ORDU |
1 |
152 |
42.710.000,00 ₺ |
46 |
|
11 |
SAKARYA |
1 |
500 |
157.000.000,00 ₺ |
200 |
|
12 |
SAMSUN |
1 |
36 |
5.000.000,00 ₺ |
20 |
|
13 |
TEKİRDAĞ |
2 |
156 |
22.336.100,00 ₺ |
48 |
|
14 |
TOKAT |
1 |
40 |
4.917.701,00 ₺ |
12 |
|
15 |
VAN |
1 |
106 |
9.200.000,00 ₺ |
20 |
|
16 |
ZONGULDAK |
1 |
192 |
13.464.419,79 ₺ |
30 |
|
|
TOTAL NUMBER OF HOTELS |
41 |
9.413 |
1.227.278.992,79 ₺ |
2397 |