August 2019 Investment Incentive Report
August 2019
ACCOMMODATION SECTOR INVESTMENT INCENTIVE CERTIFICATES
TÜROB ASSESSMENT REPORT
The “Investment Incentive Certificates” issued by the Republic of Türkiye Ministry of Trade for August 2019 were published in the Official Gazette dated 17.10.2019, and the said “Investment Incentive Certificates” have been compiled with regard to the accommodation sector by the Association of Turkish Hoteliers - TÜROB.
Accordingly;
a) August 2019
In August 2019, a total of 8 new hotel projects in 6 different cities nationwide received an “Incentive Certificate.” Following the new investments, which will be completed with total spending of 258.5 million Turkish Lira, 643 new additional jobs will be created in the sector.
With the completion of the investments to be made in 6 different cities, bed capacity will increase by 2,155. In terms of the number of beds, Sakarya ranked first with 1,210 beds.
In August 2019, the number of hotels receiving a Renovation Incentive was 6, and the investment amount was 96.7 million Turkish Lira.
|
August 2019 INVESTMENT INCENTIVE CERTIFICATES |
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|
Provinces |
Total Number of Hotels |
Beds |
Investment TL (Thousand TL) |
Employment |
|
Burdur |
1 |
72 |
5.990,00 |
40 |
|
İstanbul |
1 |
32 |
2.194,20 |
30 |
|
Mersin |
1 |
352 |
36.772,00 |
50 |
|
Trabzon |
2 |
439 |
27.024,75 |
130 |
|
Sakarya |
2 |
1.210 |
183.554,56 |
383 |
|
Nevşehir |
1 |
50 |
2.996,00 |
10 |
|
TOTAL |
8 |
2.155 |
285.531,51 |
643 |
b) Distribution of hotels by star category, August 2019;
Among the hotels that received an incentive certificate, 5-star hotels rank first with a total of 1,562 beds.
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AUGUST 2019 |
||
|
INVESTMENT INCENTIVE LIST |
||
|
Class |
Number of Hotels |
Number of Beds |
|
5* |
3 |
1.562 |
|
4* |
1 |
389 |
|
3* |
2 |
122 |
|
2* |
1 |
50 |
|
Special Certificate |
1 |
32 |
|
Total |
8 |
2.155 |
c) Distribution of hotels by star category, January-August 2019;
Among the hotels that received an incentive certificate in the first eight months of 2019, 3-star hotels ranked first with a total of 22 hotels, while in terms of capacity 5-star hotels ranked first with 8,526.
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JANUARY-AUGUST 2019 |
||
|
INVESTMENT INCENTIVE LIST |
||
|
Class |
Number of Hotels |
Number of Beds |
|
5* |
15 |
8.526 |
|
4* |
16 |
3.711 |
|
3* |
22 |
1.870 |
|
2* |
1 |
50 |
|
Boutique |
6 |
364 |
|
Special Certificate |
3 |
134 |
|
Total |
63 |
14.655 |
d) Comparison of the August periods of 2014-2015-2016-2017-2018-2019
|
Comparison of the month of August for the years 2014-2015-2016-2017-2018-2019 |
|||||
|
Year |
Number of Provinces |
Number of Hotels |
Number of Beds |
New Employment |
Investment Amount |
|
2014 |
7 |
10 |
1.305 |
278 |
61,7 Million TL |
|
2015 |
12 |
14 |
2.385 |
678 |
175,8 Million TL |
|
2016 |
11 |
17 |
3.303 |
892 |
326.9 Million TL |
|
2017 |
11 |
12 |
2.732 |
755 |
185,9 Million TL |
|
2018 |
7 |
9 |
1.677 |
560 |
123,3 Million TL |
|
2019 |
6 |
8 |
2.155 |
643 |
285,5 Million TL |
e) Comparison of the January-August periods of 2014-2015-2016-2017-2018-2019
|
Comparison of January-August 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 |
49 |
205 |
53.758 |
12.539 |
3 billion 354 million TL |
|
2015 |
48 |
162 |
34.494 |
8.365 |
2 billion 249 million TL |
|
2016 |
35 |
117 |
24.274 |
6.134 |
1 billion 961 million TL |
|
2017 |
44 |
125 |
21.084 |
5.898 |
2 billion 25 million TL |
|
2018 |
43 |
111 |
18.107 |
5.146 |
1 billion 827 million TL |
|
2019 |
24 |
63 |
14.655 |
3.977 |
1 billion 942 million TL |
January - August 2019 Türkiye-Wide Province-Based Investment Incentive List
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|
JANUARY - AUGUST 2019 INVESTMENT INCENTIVE CERTIFICATES |
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|
|
Provinces |
Total Number of Hotels |
Beds |
Investment TL (Thousand TL) |
Employment |
|
1 |
ANTALYA |
14 |
6.906 |
742.802.059,00 ₺ |
1.647 |
|
2 |
BALIKESİR |
1 |
102 |
27.933.077,00 ₺ |
30 |
|
3 |
BARTIN |
1 |
10 |
810.000,00 ₺ |
8 |
|
4 |
BURDUR |
1 |
72 |
5.990.000,00₺ |
40 |
|
5 |
BURSA |
1 |
322 |
35.330.000,00 ₺ |
50 |
|
6 |
EDİRNE |
2 |
138 |
6.845.035,00 ₺ |
28 |
|
7 |
ELAZIĞ |
1 |
28 |
2.720.000,00 ₺ |
10 |
|
8 |
HAKKARİ |
1 |
196 |
16.130.000,00 ₺ |
50 |
|
9 |
GİRESUN |
1 |
50 |
5.677.055,00 ₺ |
20 |
|
10 |
İSTANBUL |
9 |
1367 |
144.425.313,00 ₺ |
365 |
|
11 |
İZMİR |
3 |
896 |
311.200.000,00 ₺ |
465 |
|
12 |
KARS |
1 |
60 |
7.000.000,00 ₺ |
15 |
|
13 |
KONYA |
2 |
184 |
32.611.513,00 ₺ |
50 |
|
14 |
MERSİN |
1 |
352 |
36.772.000,00₺ |
50 |
|
15 |
MUĞLA |
7 |
752 |
57.707.893,00 ₺ |
175 |
|
16 |
NEVŞEHİR |
3 |
269 |
35.539.804,00 ₺ |
53 |
|
17 |
ORDU |
1 |
152 |
42.710.000,00 ₺ |
46 |
|
18 |
SAKARYA |
3 |
1.710 |
340.554.560,00 ₺ |
583 |
|
19 |
SAMSUN |
1 |
36 |
5.000.000,00 ₺ |
20 |
|
20 |
TRABZON |
3 |
479 |
31.396.839,00₺ |
152 |
|
21 |
TEKİRDAĞ |
2 |
156 |
22.336.100,00 ₺ |
48 |
|
22 |
TOKAT |
1 |
40 |
4.917.701,00 ₺ |
12 |
|
23 |
VAN |
2 |
186 |
12.046.970,00 ₺ |
30 |
|
24 |
ZONGULDAK |
1 |
192 |
13.464.419,79 ₺ |
30 |
|
|
TOTAL NUMBER OF HOTELS |
55 |
12.500 |
1.941.920.338,79 ₺ |
3.334 |
*In August 2019, Burdur and Mersin were the provinces receiving an incentive for the first time during the year.