June 2018 Investment Incentive Report
June 2018
ACCOMMODATION SECTOR INVESTMENT INCENTIVE CERTIFICATES
TÜROB EVALUATION REPORT
The “Investment Incentive Certificates” issued for June 2018 by the Republic of Turkey Ministry of Economy were published in the Official Gazette dated 06.09.2018, and these “Investment Incentive Certificates” have been compiled with respect to the accommodation sector by the Association of Turkish Hoteliers - TÜROB.
Accordingly;
a) June 2018
In June 2018, a total of 14 new hotel projects across 12 different cities nationwide received an “Incentive Certificate.” Following these new investments, which will be completed with a total expenditure of 282.610 million Turkish Lira, 613 new additional jobs will be created in the sector. In June 2018, the number of hotels receiving a Renovation Incentive was 3, with an investment amount of 33.720 million Turkish Lira.
With the completion of the investments to be made in 12 different cities, bed capacity will increase by 2,378. In terms of the number of beds, Aydın ranked first with 680 beds, followed by Sakarya with 400 beds.
|
JUNE 2018 INVESTMENT INCENTIVE CERTIFICATES |
||||
|
Provinces |
Total Number of Hotels |
Beds |
Investment TL (Thousand TL) |
Employment |
|
ANTALYA |
3 |
258 |
43.172.000 |
95 |
|
AYDIN |
1 |
680 |
99.830.000 |
110 |
|
BURSA |
1 |
108 |
6.080.000 |
30 |
|
CANAKKALE |
1 |
50 |
1.750.000 |
15 |
|
GIRESUN |
1 |
192 |
24.000.000 |
70 |
|
ISTANBUL |
1 |
260 |
24.150.000 |
0 |
|
KIRKLARELI |
1 |
36 |
3.500.000 |
12 |
|
MALATYA |
1 |
66 |
3.850.000 |
15 |
|
NEVSEHIR |
1 |
16 |
1.898.000 |
6 |
|
OSMANIYE |
1 |
196 |
18.680.000 |
100 |
|
SAKARYA |
1 |
400 |
45.860.000 |
120 |
|
YALOVA |
1 |
116 |
9.840.000 |
40 |
|
TOTAL |
14 |
2.378 |
282.610.000 |
613 |
b) Distribution of hotels by star category, June 2018;
Among the hotels that received incentive certificates, 4-star hotels rank first with a total of 4 hotels.
|
JUNE 2018 |
||
|
INVESTMENT INCENTIVE LIST |
||
|
Class |
Number of Hotels |
Number of Beds |
|
5* |
2 |
1080 |
|
4* |
4 |
764 |
|
3* |
3 |
194 |
|
2* |
1 |
84 |
|
Boutique |
3 |
240 |
|
Specially Certified |
1 |
16 |
|
Total |
14 |
2.378 |
c) Distribution of hotels by star category, January – June 2018;
In the first six months of 2018, among the hotels that received incentive certificates, 3-star hotels ranked first with a total of 45 hotels, while in terms of capacity, 5-star hotels ranked first with 6,327 beds.
|
JANUARY-JUNE 2018 |
||
|
INVESTMENT INCENTIVE LIST |
||
|
Class |
Number of Hotels |
Number of Beds |
|
5* |
10 |
6.327 |
|
4* |
16 |
2.960 |
|
3* |
45 |
4.371 |
|
2* |
1 |
84 |
|
Boutique |
15 |
1.117 |
|
Specially Certified |
5 |
363 |
|
Total |
2.378 |
15.222 |
d) Comparison of the June period for 2014-2015-2016-2017-2018
Compared with the figures for the previous June period, increases are observed in the number of provinces, the number of hotels, and the investment amount.
|
Comparison of the Month of June for 2014-2015-2016-2017 |
|||||
|
Year |
Number of Provinces |
Number of Hotels |
Number of Beds |
New Employment |
Investment Amount |
|
2014 |
13 |
21 |
2.688 |
729 |
153.52 Million TL |
|
2015 |
14 |
20 |
4.492 |
1.259 |
414.01 Million TL |
|
2016 |
7 |
8 |
1.385 |
407 |
92.372 Million TL |
|
2017 |
7 |
13 |
2.379 |
618 |
267.919 Million TL |
|
2018 |
12 |
14 |
2.378 |
613 |
282.610 Million TL |
e) Comparison of the January-June period for 2014-2015-2016-2017-2018
Compared with the figures for the previous January-June period, decreases are observed in the number of hotels, capacity, investment amount, and employment.
|
Comparison of January – June for 2014-2015-2016-2017 |
|||||
|
Year |
Number of Provinces |
Number of Hotels |
Number of Beds |
New Employment |
Investment Amount |
|
2014 |
45 |
170 |
47.650 |
10.912 |
2,751.9 Million TL |
|
2015 |
43 |
134 |
29.966 |
7.041 |
1,925.3 Million TL |
|
2016 |
31 |
94 |
19.124 |
4.733 |
1,480.7 Million TL |
|
2017 |
38 |
101 |
16.020 |
4.518 |
1,681.219 Million TL |
|
2018 |
39 |
92 |
15.222 |
4.167 |
1,590.13 Million TL |
January – June 2018 Province-Based Investment Incentive List for Turkey
|
JANUARY – JUNE 2018 INVESTMENT INCENTIVE CERTIFICATES |
|||||
|
Rank |
Provinces |
Total Number of Hotels |
Beds |
Investment TL (Thousand TL) |
Employment |
|
1 |
ADANA |
1 |
96 |
6.050.000 |
23 |
|
2 |
AFYONKARAHISAR |
1 |
2.830 |
367.900.000 |
1.000 |
|
3 |
AGRI |
1 |
100 |
11.240.000 |
30 |
|
4 |
ANKARA |
1 |
320 |
32.000.000 |
25 |
|
5 |
ANTALYA |
10 |
2.291 |
198.882.000 |
604 |
|
6 |
ARTVIN |
1 |
36 |
4.200.000 |
15 |
|
7 |
AYDIN |
1 |
680 |
99.830.000 |
110 |
|
8 |
BALIKESIR |
2 |
452 |
59.200.000 |
140 |
|
9 |
BOLU |
2 |
194 |
12.630.000 |
55 |
|
10 |
BURSA |
3 |
234 |
21.225.000 |
75 |
|
11 |
CANAKKALE |
3 |
142 |
8.120.000 |
37 |
|
12 |
DUZCE |
1 |
20 |
750.000 |
6 |
|
13 |
EDIRNE |
1 |
118 |
2.480.000 |
22 |
|
14 |
ERZINCAN |
1 |
62 |
2.260.000 |
19 |
|
15 |
GAZIANTEP |
2 |
266 |
32.700.000 |
80 |
|
16 |
GIRESUN |
2 |
308 |
31.250.000 |
95 |
|
17 |
IGDIR |
1 |
110 |
2.650.000 |
22 |
|
18 |
ISTANBUL |
9 |
1.721 |
253.049.025 |
290 |
|
19 |
IZMIR |
5 |
725 |
111.052.060 |
201 |
|
20 |
KARABUK |
1 |
132 |
11.000.000 |
35 |
|
21 |
KARS |
1 |
152 |
5.220.000 |
15 |
|
22 |
MALATYA |
1 |
66 |
3.850.000 |
15 |
|
23 |
MERSIN |
4 |
296 |
15.024.000 |
80 |
|
24 |
KIRKLARELI |
1 |
36 |
3.500.000 |
12 |
|
25 |
MUGLA |
4 |
580 |
34.320.000 |
170 |
|
26 |
NEVSEHIR |
4 |
310 |
24.998.000 |
96 |
|
27 |
ORDU |
2 |
150 |
6.800.000 |
35 |
|
28 |
OSMANIYE |
1 |
196 |
18.680.000 |
100 |
|
29 |
RIZE |
2 |
160 |
10.300.000 |
50 |
|
30 |
SAKARYA |
2 |
498 |
49.960.000 |
145 |
|
31 |
SAMSUN |
2 |
340 |
28.143.296 |
100 |
|
32 |
SANLIURFA |
2 |
53 |
3.900.000 |
35 |
|
33 |
SIRNAK |
3 |
428 |
30.509.000 |
60 |
|
34 |
SIVAS |
1 |
166 |
16.110.000 |
45 |
|
35 |
TOKAT |
1 |
40 |
3.170.000 |
35 |
|
36 |
TRABZON |
6 |
448 |
23.967.010 |
140 |
|
37 |
TUNCELI |
1 |
48 |
2.826.000 |
15 |
|
38 |
VAN |
3 |
220 |
20.900.000 |
75 |
|
39 |
YALOVA |
2 |
198 |
19.490.000 |
60 |
|
|
TOTAL |
92 |
15.222 |
1.590.135.391 |
4.167 |
*In June 2018, Aydın, Malatya, Kırklareli, and Osmaniye were provinces that received incentives for the first time.
©TÜROB-September 2018