May 2018 Investment Incentive Report
May 2018
ACCOMMODATION SECTOR INVESTMENT INCENTIVE CERTIFICATES
TÜROB EVALUATION REPORT
The “Investment Incentive Certificates” issued for May 2018 by the Republic of Turkey Ministry of Economy were published in the Official Gazette dated 18.06.2018, and these “Investment Incentive Certificates” have been compiled with respect to the accommodation sector by the Association of Turkish Hoteliers - TÜROB.
Accordingly;
a) May 2018
In May 2018, a total of 14 new hotel projects across 13 different cities nationwide received an “Incentive Certificate.” Following these new investments, which will be completed with a total expenditure of 123.702 million Turkish Lira, 447 new additional jobs will be created in the sector. In May 2018, the number of hotels receiving a Renovation Incentive was 7, with an investment amount of 46.334 million Turkish Lira.
With the completion of the investments to be made in 13 different cities, bed capacity will increase by 1,792. In terms of the number of beds, Antalya ranked first with 406 beds, followed by Istanbul with 264 beds.
|
MAY 2018 INVESTMENT INCENTIVE CERTIFICATES |
||||
|
Provinces |
Total Number of Hotels |
Beds |
Investment TL (Thousand TL) |
Employment |
|
AGRI |
1 |
100 |
11.240.000 |
30 |
|
ANTALYA |
1 |
406 |
35.860.000 |
125 |
|
BOLU |
1 |
154 |
6.630.000 |
40 |
|
BURSA |
1 |
66 |
6.100.000 |
20 |
|
ERZINCAN |
1 |
62 |
2.260.000 |
19 |
|
GAZIANTEP |
1 |
104 |
11.800.000 |
30 |
|
IGDIR |
1 |
110 |
2.650.000 |
22 |
|
ISTANBUL |
1 |
264 |
8.091.000 |
0 |
|
MUGLA |
1 |
194 |
11.200.000 |
58 |
|
NEVSEHIR |
1 |
112 |
10.090.000 |
30 |
|
SAMSUN |
1 |
40 |
4.243.296 |
10 |
|
SANLIURFA |
1 |
38 |
1.400.000 |
20 |
|
TRABZON |
2 |
142 |
12.138.000 |
43 |
|
TOTAL |
14 |
1.792 |
123.702.296 |
447 |
b) Distribution of hotels by star category, May 2018;
Among the hotels that received incentive certificates, 3-star hotels rank first with a total of 8 hotels.
|
MAY 2018 |
||
|
INVESTMENT INCENTIVE LIST |
||
|
Class |
Number of Hotels |
Number of Beds |
|
5* |
1 |
406 |
|
4* |
4 |
608 |
|
3* |
8 |
674 |
|
Boutique |
1 |
104 |
|
Total |
14 |
1.792 |
c) Distribution of hotels by star category, January – May 2018;
In the first five months of 2018, among the hotels that received incentive certificates, 3-star hotels ranked first with a total of 42 hotels, while in terms of capacity, 5-star hotels ranked first with 5,247 beds.
|
JANUARY-MAY 2018 |
||
|
INVESTMENT INCENTIVE LIST |
||
|
Class |
Number of Hotels |
Number of Beds |
|
5* |
8 |
5.247 |
|
4* |
12 |
2.196 |
|
3* |
42 |
4.177 |
|
Boutique |
12 |
877 |
|
Specially Certified |
4 |
347 |
|
Total |
78 |
12.844 |
d) Comparison of the May period for 2014-2015-2016-2017-2018
Compared with the figures for the previous May period, decreases are observed in capacity, employment, and the investment amount.
|
Comparison of the Month of May for 2014-2015-2016-2017 |
|||||
|
Year |
Number of Provinces |
Number of Hotels |
Number of Beds |
New Employment |
Investment Amount |
|
2014 |
15 |
22 |
5.144 |
1.166 |
335.17 Million TL |
|
2015 |
14 |
25 |
2.580 |
559 |
161.71 Million TL |
|
2016 |
10 |
20 |
3.158 |
794 |
280.90 Million TL |
|
2017 |
11 |
12 |
2.007 |
637 |
147.965 Million TL |
|
2018 |
13 |
14 |
1.792 |
447 |
123.702 Million TL |
e) Comparison of the January-May period for 2014-2015-2016-2017-2018
Compared with the figures for the previous January-May period, decreases are observed in the number of hotels, capacity, investment amount, and employment.
|
Comparison of January - May for 2014-2015-2016-2017 |
|||||
|
Year |
Number of Provinces |
Number of Hotels |
Number of Beds |
New Employment |
Investment Amount |
|
2014 |
43 |
148 |
44.962 |
10.183 |
2,593.3 Million TL |
|
2015 |
38 |
114 |
25.474 |
5.782 |
1,511.3 Million TL |
|
2016 |
31 |
86 |
17.739 |
4.326 |
1,388.4 Million TL |
|
2017 |
37 |
88 |
13.641 |
3.900 |
1,413.3 Million TL |
|
2018 |
35 |
78 |
12.844 |
3.554 |
1,307.52 Million TL |
January – May 2018 Province-Based Investment Incentive List for Turkey
|
JANUARY – MAY 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 |
7 |
2.033 |
155.710.000 |
509 |
|
6 |
ARTVIN |
1 |
36 |
4.200.000 |
15 |
|
7 |
BALIKESIR |
2 |
452 |
59.200.000 |
140 |
|
8 |
BOLU |
2 |
194 |
12.630.000 |
55 |
|
9 |
BURSA |
2 |
126 |
15.145.000 |
45 |
|
10 |
CANAKKALE |
2 |
92 |
6.370.000 |
22 |
|
11 |
DUZCE |
1 |
20 |
750.000 |
6 |
|
12 |
EDIRNE |
1 |
118 |
2.480.000 |
22 |
|
13 |
ERZINCAN |
1 |
62 |
2.260.000 |
19 |
|
14 |
GAZIANTEP |
2 |
266 |
32.700.000 |
80 |
|
15 |
GIRESUN |
1 |
116 |
7.250.000 |
25 |
|
16 |
IGDIR |
1 |
110 |
2.650.000 |
22 |
|
17 |
ISTANBUL |
8 |
1.461 |
228.899.025 |
290 |
|
18 |
IZMIR |
5 |
725 |
111.052.060 |
201 |
|
19 |
KARABUK |
1 |
132 |
11.000.000 |
35 |
|
20 |
KARS |
1 |
152 |
5.220.000 |
15 |
|
21 |
MERSIN |
4 |
296 |
15.024.000 |
80 |
|
22 |
MUGLA |
4 |
580 |
34.320.000 |
170 |
|
23 |
NEVSEHIR |
3 |
294 |
23.100.000 |
90 |
|
24 |
ORDU |
2 |
150 |
6.800.000 |
35 |
|
25 |
RIZE |
2 |
160 |
10.300.000 |
50 |
|
26 |
SAKARYA |
1 |
98 |
4.100.000 |
25 |
|
27 |
SAMSUN |
2 |
340 |
28.143.296 |
100 |
|
28 |
SANLIURFA |
2 |
53 |
3.900.000 |
35 |
|
29 |
SIRNAK |
3 |
428 |
30.509.000 |
60 |
|
30 |
SIVAS |
1 |
166 |
16.110.000 |
45 |
|
31 |
TOKAT |
1 |
40 |
3.170.000 |
35 |
|
32 |
TRABZON |
6 |
448 |
23.967.010 |
140 |
|
33 |
TUNCELI |
1 |
48 |
2.826.000 |
15 |
|
34 |
VAN |
3 |
220 |
20.900.000 |
75 |
|
35 |
YALOVA |
1 |
82 |
9.650.000 |
20 |
|
|
TOTAL |
78 |
12.844 |
1.307.525.391 |
3.554 |
©TÜROB-June 2018