February 2017 Investment Incentive Report
FEBRUARY 2017
ACCOMMODATION SECTOR INVESTMENT INCENTIVE CERTIFICATES
TÜROB ASSESSMENT REPORT
The “Investment Incentive Certificates” issued by the T.R. Ministry of Economy for February 2017 were published in the Official Gazette dated 17.03.2017, and the said “Investment Incentive Certificates” have been compiled by the Association of Turkish Hoteliers - TÜROB from the perspective of the accommodation sector.
Accordingly;
a) February 2017
During February 2017, 11 new hotel projects across a total of 10 different cities nationwide received an “Incentive Certificate,” while 5 hotels with a total investment value of 18.272 million TL received a “Renovation Certificate.” Following the new investments, which will be completed at a total cost of 513.056 million Turkish Lira, 842 new additional jobs will be provided to the sector.
Upon completion of the investments to be made in 10 different cities, bed capacity will increase by 2,706 beds.
In terms of the number of beds, Antalya ranked first with 1,142 beds, followed by Trabzon with 408 beds and Istanbul with 360 beds.
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FEBRUARY 2017 INVESTMENT INCENTIVES |
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|
No. |
Provinces |
Total Number of Hotels |
Number of Beds |
Investment TL |
Employment |
|
1 |
Ankara |
1 |
160 |
5.362.183 |
50 |
|
2 |
Antalya |
2 |
1.142 |
99.900 |
340 |
|
3 |
Balıkesir |
1 |
128 |
9.640.000 |
30 |
|
4 |
Bursa |
1 |
198 |
15.830.000 |
59 |
|
5 |
Gaziantep |
1 |
110 |
6.400.000 |
0 |
|
6 |
Istanbul |
1 |
360 |
320.000.000 |
180 |
|
7 |
Rize |
1 |
60 |
4.800.000 |
27 |
|
8 |
Sivas |
1 |
100 |
3.324.350 |
25 |
|
9 |
Trabzon |
1 |
408 |
45.900.000 |
122 |
|
10 |
Tunceli |
1 |
40 |
1.900.000 |
9 |
|
|
TOTAL |
11 |
2706 |
513.056.533,00 ? |
842 |
b) Distribution of February 2017 hotels by star category;
Among the hotels that received an incentive certificate, 3- and 4-star hotels ranked first with a total of 8 hotels, while in terms of capacity, 5-star hotels took first place with 1,860 beds.
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FEBRUARY 2017 |
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INVESTMENT INCENTIVE LIST |
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|
Class |
Number of Hotels |
Number of Beds |
|
5* |
3 |
1.860 |
|
4* |
4 |
596 |
|
3* |
4 |
250 |
|
Total |
11 |
2706 |
c) Distribution of January - February 2017 hotels by star category;
Among the hotels that received an incentive certificate in the first two months of 2017, 3-star hotels ranked first with a total of 17 hotels, while in terms of capacity, 5-star hotels took first place with 2,214 beds.
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JANUARY - FEBRUARY 2017 TOTAL |
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INVESTMENT INCENTIVE LIST |
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|
Class |
Number of Hotels |
Number of Beds |
|
5* |
4 |
2.214 |
|
4* |
9 |
1.744 |
|
3* |
17 |
1.275 |
|
Boutique / Special Certificate |
1 |
16 |
|
Total |
31 |
5.249 |
d) 2014-2015-2016-2017 February comparison
The downward trend recorded over the past three years turned positive in February 2017. Compared to the previous February, bed capacity rose from 2,558 to 2,706, and additional employment rose from 547 to 842 people.
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Comparison of the Month of February for the Years 2014-2015-2016-2017 |
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|
Year |
Number of Provinces |
Number of Hotels |
Number of Beds |
Additional Employment |
Investment Amount |
|
2014 |
8 |
11 |
2.373 |
575 |
124 million TL |
|
2015 |
12 |
24 |
5.452 |
1.272 |
317.19 million TL |
|
2016 |
6 |
10 |
2.558 |
547 |
128.2 million TL |
|
2017 |
10 |
11 |
2.706 |
842 |
513.05 million TL |
Making a brief assessment of the report, the President of the Association of Turkish Hoteliers (TÜROB), Timur Bayındır, stated: "It is observed that the slowdown in tourism investments that began last year started to rise as of February. We believe that the increasing bed capacity, especially in the Black Sea region, needs to be analyzed carefully. Bringing investments to life without conducting a sound field study reduces business efficiency while also causing imbalances in competitive conditions."
© TÜROB – March 2017