December 2018 Investment Incentive Report
December 2018
ACCOMMODATION SECTOR INVESTMENT INCENTIVE CERTIFICATES
TÜROB ASSESSMENT REPORT
The “Investment Incentive Certificates” issued by the Republic of Turkey Ministry of Trade for December 2018 were published in the Official Gazette dated 28.02.2019, and the “Investment Incentive Certificates” in question have been compiled by the Association of Turkish Hoteliers - TÜROB from the perspective of the accommodation sector. Accordingly;
a) December 2018
In December 2018, a total of 14 new hotel projects received an “Incentive Certificate” in 6 different cities across the country. Following the new investments, which will be completed with a total expenditure of 500.608 million Turkish Lira, 1,250 new additional jobs will be provided to the sector. In December 2018, the number of hotels receiving a Renovation Incentive was 8, with an investment amount of 148.079 million Turkish Lira.
With the completion of the investments to be made in 6 different cities, the bed capacity will increase by 4,452. In terms of the number of beds, Istanbul ranked first with 1,590 beds, followed by Muğla with 1,442 beds.
|
December 2018 INVESTMENT INCENTIVE CERTIFICATES |
||||
|
Provinces |
Total Number of Hotels |
Beds |
Investment TL (Thousand TL) |
Employment |
|
AYDIN |
1 |
856 |
21.500.000 |
200 |
|
İSTANBUL |
6 |
1.590 |
213.170.790 |
365 |
|
İZMİR |
2 |
410 |
47.619.597 |
190 |
|
MUĞLA |
3 |
1.442 |
186.223.292 |
450 |
|
SAMSUN |
1 |
58 |
24.185.046 |
15 |
|
VAN |
1 |
96 |
7.909.500 |
30 |
|
TOTAL |
14 |
4.452 |
500.608.225 |
1.250 |
b) Distribution of December 2018 hotels by star category;
Among the hotels receiving incentive certificates, 3-star hotels ranked first with a total of 6 hotels.
|
DECEMBER 2018 |
||
|
INVESTMENT INCENTIVE LIST |
||
|
Class |
Number of Hotels |
Number of Beds |
|
5* |
3 |
1.924 |
|
4* |
5 |
1.704 |
|
3* |
6 |
824 |
|
Total |
14 |
4.452 |
c) Distribution of January – December 2018 hotels by star category;
Among the hotels receiving incentive certificates at the end of 2018, 3-star hotels ranked first with a total of 89 hotels, while in terms of capacity, 5-star hotels ranked first with 9,912 beds.
|
2018 JANUARY-DECEMBER |
||
|
INVESTMENT INCENTIVE LIST |
||
|
Class |
Number of Hotels |
Number of Beds |
|
5* |
19 |
9.912 |
|
4* |
38 |
8.591 |
|
3* |
89 |
8.594 |
|
2* |
1 |
84 |
|
Boutique |
15 |
1.117 |
|
Special Certificate |
5 |
363 |
|
Total |
167 |
28.661 |
d) Comparison of the December period 2014-2015-2016-2017-2018
|
Comparison of December for the Years 2014-2015-2016-2017-2018 |
|||||
|
Year |
Number of Provinces |
Number of Hotels |
Number of Beds |
New Employment |
Investment Amount |
|
2014 |
20 |
32 |
10.289 |
2.448 |
771.40 Million TL |
|
2015 |
13 |
19 |
3.796 |
1.140 |
313.40 Million TL |
|
2016 |
12 |
15 |
3.132 |
625 |
201.21 Million TL |
|
2017 |
17 |
19 |
2.344 |
658 |
181.678 Million TL |
|
2018 |
6 |
14 |
4.452 |
1.250 |
500.608 Million TL |
e) Comparison of the January-December period 2014-2015-2016-2017-2018
|
Comparison of January – December for the Years 2014-2015-2016-2017-2018 |
||||||
|
Year |
Number of Provinces |
Number of Hotels |
Number of Beds |
New Employment |
Average Cost Per Bed |
Total Investment Amount |
|
2014 |
58 |
316 |
82.074 |
20.177 |
65.3 Thousand TL |
5,361.2 Million TL |
|
2015 |
52 |
239 |
56.448 |
14.264 |
70.4 Thousand TL |
3,975.7 Million TL |
|
2016 |
42 |
187 |
39.673 |
10.294 |
73.8 Thousand TL |
2,928.3 Million TL |
|
2017 |
56 |
192 |
33.259 |
9.247 |
91.09 Thousand TL |
3,029.9 Million TL |
|
2018 |
49 |
167 |
28.661 |
8.303 |
107.044 Thousand TL |
3,050 Million TL |
January – December 2018 Province-Based Investment Incentive List for Turkey Overall
|
JANUARY – DECEMBER 2018 INVESTMENT INCENTIVE CERTIFICATES |
|||||
|
Rank |
Provinces |
Total Number of Hotels |
Beds |
Investment TL (Thousand TL) |
Employment |
|
1 |
ADANA |
2 |
276 |
53.370.000 |
77 |
|
2 |
AFYONKARAHİSAR |
1 |
2.830 |
367.900.000 |
1.000 |
|
3 |
AĞRI |
2 |
260 |
23.550.000 |
110 |
|
4 |
AMASYA |
1 |
40 |
2.990.000 |
12 |
|
5 |
ANKARA |
2 |
368 |
35.329.905 |
40 |
|
6 |
ANTALYA |
17 |
4.128 |
411.353.402 |
1.314 |
|
7 |
ARTVİN |
2 |
544 |
40.390.000 |
45 |
|
8 |
AYDIN |
3 |
1.618 |
104.849.935 |
330 |
|
9 |
BALIKESİR |
4 |
628 |
79.520.000 |
175 |
|
10 |
BATMAN |
1 |
50 |
9.776.902 |
16 |
|
11 |
BOLU |
2 |
194 |
12.630.000 |
55 |
|
12 |
BURDUR |
1 |
96 |
2.000.000 |
25 |
|
13 |
BURSA |
4 |
284 |
26.895.000 |
95 |
|
14 |
ÇANAKKALE |
4 |
244 |
14.370.000 |
67 |
|
15 |
DENİZLİ |
2 |
244 |
41.848.779 |
46 |
|
16 |
DÜZCE |
2 |
138 |
17.803.405 |
31 |
|
17 |
EDİRNE |
2 |
314 |
48.706.000 |
97 |
|
18 |
ERZİNCAN |
1 |
62 |
2.260.000 |
19 |
|
19 |
GAZİANTEP |
2 |
266 |
32.700.000 |
80 |
|
20 |
GİRESUN |
3 |
342 |
32.450.000 |
105 |
|
21 |
HATAY |
2 |
74 |
5.905.984 |
30 |
|
22 |
IĞDIR |
1 |
110 |
2.650.000 |
22 |
|
23 |
İSTANBUL |
22 |
4.333 |
614.275.615 |
1.198 |
|
24 |
İZMİR |
8 |
1.265 |
175.071.657 |
436 |
|
25 |
KARABÜK |
1 |
132 |
11.000.000 |
35 |
|
26 |
KARS |
1 |
152 |
5.220.000 |
15 |
|
27 |
KÜTAHYA |
1 |
232 |
32.580.000 |
30 |
|
28 |
MALATYA |
1 |
66 |
3.850.000 |
15 |
|
29 |
MANİSA |
1 |
153 |
7.900.000 |
23 |
|
30 |
MARDİN |
1 |
240 |
9.379.000 |
50 |
|
31 |
MERSİN |
4 |
296 |
15.024.000 |
80 |
|
32 |
KIRKLARELİ |
1 |
36 |
3.500.000 |
12 |
|
33 |
MUĞLA |
14 |
3.413 |
355.485.370 |
1.008 |
|
34 |
NEVŞEHİR |
4 |
310 |
24.998.000 |
96 |
|
35 |
ORDU |
3 |
282 |
31.557.155 |
75 |
|
36 |
OSMANİYE |
1 |
196 |
18.680.000 |
100 |
|
37 |
RİZE |
4 |
468 |
63.808.375 |
146 |
|
38 |
SAKARYA |
2 |
498 |
49.960.000 |
145 |
|
39 |
SAMSUN |
5 |
518 |
60.453.362 |
150 |
|
40 |
ŞANLIURFA |
2 |
53 |
3.900.000 |
35 |
|
41 |
ŞIRNAK |
3 |
428 |
30.509.000 |
60 |
|
42 |
SİVAS |
1 |
166 |
16.110.000 |
45 |
|
43 |
TEKİRDAĞ |
1 |
100 |
1.889.930 |
25 |
|
44 |
TOKAT |
1 |
40 |
3.170.000 |
35 |
|
45 |
TRABZON |
14 |
1.353 |
69.369.327 |
403 |
|
46 |
TUNCELİ |
1 |
48 |
2.826.000 |
15 |
|
47 |
UŞAK |
1 |
40 |
3.050.000 |
40 |
|
48 |
VAN |
6 |
535 |
44.334.500 |
180 |
|
49 |
YALOVA |
2 |
198 |
19.490.000 |
60 |
|
|
TOTAL |
167 |
28.661 |
3.046.640 |
8.303 |
©TÜROB-March 2019
*The high-capacity investment rate in Istanbul and Muğla in the last month of the year is noteworthy.
*Compared to 2014, while there is a decline of over 60% in bed capacity, the same decline is not observed in the investment amount due to the increasing cost per bed.
*Istanbul was the province that received the most hotel investment incentives in 2018, with 22 hotels.