May 2019 Investment Incentive Report
May 2019
ACCOMMODATION SECTOR INVESTMENT INCENTIVE CERTIFICATES
TÜROB EVALUATION REPORT
The “Investment Incentive Certificates” issued by the Ministry of Trade of the Republic of Turkey for May 2019 were published in the Official Gazette dated 28.07.2019, and the said “Investment Incentive Certificates” have been compiled with respect to the accommodation sector by the Association of Turkish Hoteliers - TÜROB.
Accordingly;
a) May 2019
In May 2019, a total of 9 new hotel projects in 8 separate cities nationwide received an “Incentive Certificate.” Following the new investments, which will be completed with a total expenditure of 281.059 million Turkish Lira, 547 new additional jobs will be created in the sector.
With the completion of the investments to be made in 8 separate cities, the bed capacity will increase by 1,926. In terms of the number of beds, Antalya ranked first with 624 beds, followed by Izmir with 574 beds.
In May 2019, the number of hotels that received a Renovation Incentive was 4, and the investment amount was 53.143 million Turkish Lira.
|
May 2019 INVESTMENT INCENTIVE CERTIFICATES |
||||
|
Provinces |
Total Number of Hotels |
Beds |
Investment TL (Thousand TL) |
Employment |
|
ANTALYA |
2 |
624 |
33.276.302 |
190 |
|
BURSA |
1 |
322 |
35.330.000 |
50 |
|
HAKKARİ |
1 |
196 |
16.130.000 |
50 |
|
IZMIR |
1 |
574 |
175.000.000 |
200 |
|
KARS |
1 |
60 |
7.000.000 |
15 |
|
MUĞLA |
1 |
30 |
7.103.935 |
10 |
|
TRABZON |
1 |
40 |
4.372.089 |
22 |
|
VAN |
1 |
80 |
2.846.970 |
10 |
|
TOTAL |
9 |
1.926 |
281.059.296 |
547 |
b) Distribution of May 2019 hotels by Star category;
Among the hotels that received an incentive certificate, 4-star hotels rank first with a total of 944 beds.
|
MAY 2019 |
||
|
INVESTMENT INCENTIVE LIST |
||
|
Class |
Number of Hotels |
Number of Beds |
|
5* |
1 |
574 |
|
4* |
3 |
944 |
|
3* |
4 |
378 |
|
Boutique |
1 |
30 |
|
Total |
9 |
1.926 |
c) Distribution of January – May 2019 hotels by Star category;
In the first five months of 2019, among the hotels that received an incentive certificate, 3-star hotels ranked first with a total of 19 hotels, while in terms of capacity 5-star hotels ranked first with 6,062 beds.
|
2019 JANUARY-MAY |
||
|
INVESTMENT INCENTIVE LIST |
||
|
Class |
Number of Hotels |
Number of Beds |
|
5* |
11 |
6.062 |
|
4* |
14 |
3.124 |
|
3* |
19 |
1.725 |
|
2* |
- |
- |
|
Boutique |
5 |
336 |
|
Special Licensed |
1 |
92 |
|
Total |
50 |
11.339 |
d) 2014-2015-2016-2017-2018-2019 May period comparison
When compared with the figures of the previous May periods, a general decline is observed in the figures.
|
Comparison of the months of May for the years 2014-2015-2016-2017-2018-2019 |
|||||
|
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 |
|
2019 |
8 |
9 |
1.926 |
547 |
282.059 Million TL |
e) 2014-2015-2016-2017-2018-2019 January-May period comparison
When compared with the figures of the previous January-May periods, a decline is observed in the figures, except for the investment amount.
|
Comparison of the January - May periods for the years 2014-2015-2016-2017-2018-2019 |
|||||
|
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 |
|
2019 |
20 |
50 |
11.339 |
2.944 |
1,508.33 Million TL |
January – May 2019 Turkey-Wide Province-Based Investment Incentive List
|
|
JANUARY - MAY 2019 INVESTMENT INCENTIVE CERTIFICATES |
||||
|
|
Provinces |
Total Number of Hotels |
Beds |
Investment TL (Thousand TL) |
Employment |
|
1 |
ANTALYA |
12 |
5806 |
574.060.074,00 ₺ |
1288 |
|
2 |
BALIKESİR |
1 |
102 |
27.933.077,00 ₺ |
30 |
|
3 |
BURSA |
1 |
322 |
35.330.000,00 ₺ |
50 |
|
4 |
EDİRNE |
2 |
138 |
6.845.035,00 ₺ |
28 |
|
5 |
HAKKARİ |
1 |
196 |
16.130.000,00 ₺ |
50 |
|
6 |
GİRESUN |
1 |
50 |
5.677.055,00 ₺ |
20 |
|
7 |
ISTANBUL |
8 |
1335 |
142.231.113,00 ₺ |
335 |
|
8 |
IZMIR |
3 |
896 |
311.200.000,00 ₺ |
465 |
|
9 |
KARS |
1 |
60 |
7.000.000,00 ₺ |
15 |
|
10 |
KONYA |
2 |
184 |
32.611.513,00 ₺ |
50 |
|
11 |
MUĞLA |
7 |
752 |
57.707.893,00 ₺ |
175 |
|
12 |
NEVŞEHİR |
1 |
196 |
29.765.249,00 ₺ |
30 |
|
13 |
ORDU |
1 |
152 |
42.710.000,00 ₺ |
46 |
|
14 |
SAKARYA |
1 |
500 |
157.000.000,00 ₺ |
200 |
|
15 |
SAMSUN |
1 |
36 |
5.000.000,00 ₺ |
20 |
|
16 |
TRABZON |
1 |
40 |
4.372.089,00 ₺ |
22 |
|
17 |
TEKİRDAĞ |
2 |
156 |
22.336.100,00 ₺ |
48 |
|
18 |
TOKAT |
1 |
40 |
4.917.701,00 ₺ |
12 |
|
19 |
VAN |
2 |
186 |
12.046.970,00 ₺ |
30 |
|
20 |
ZONGULDAK |
1 |
192 |
13.464.419,79 ₺ |
30 |
|
|
TOTAL NUMBER OF HOTELS |
50 |
11.339 |
1.508.338.288,79 ₺ |
2.944 |