October 2018 Investment Incentive Report
October 2018
ACCOMMODATION SECTOR INVESTMENT INCENTIVE CERTIFICATES
TÜROB ASSESSMENT REPORT
The "Investment Incentive Certificates" issued by the Ministry of Trade of the Republic of Turkey for October 2018 were published in the Official Gazette dated 29.11.2018, and the said "Investment Incentive Certificates" have been compiled in terms of the accommodation sector by the Association of Turkish Hoteliers - TÜROB.
Accordingly;
a) October 2018
In October 2018, a total of 9 new hotel projects in 8 different cities nationwide received an "Incentive Certificate". The new investments, which will be completed with a total expenditure of 178.207 million Turkish Lira, will provide 418 new additional jobs to the sector. In October 2018, the number of hotels that received a Renovation Incentive was 3, and the investment amount was 26.532 million Turkish Lira.
With the completion of the investments to be made in 8 different cities, the bed capacity will increase by 1,390. In terms of the number of beds, Antalya ranked first with 558 beds, followed by Rize with 244 beds.
|
OCTOBER 2018 INVESTMENT INCENTIVE CERTIFICATES |
||||
|
Provinces |
Total Number of Hotels |
Beds |
Investment TL (Thousand TL) |
Employment |
|
ANTALYA |
2 |
558 |
53.919.000,24 |
190 |
|
AYDIN |
1 |
82 |
4.998.435 |
20 |
|
BURSA |
1 |
50 |
5.670.000 |
20 |
|
ISTANBUL |
1 |
24 |
2.255.800 |
20 |
|
KUTAHYA |
1 |
232 |
32.580.000 |
30 |
|
MUGLA |
1 |
160 |
26.550.200 |
48 |
|
RIZE |
1 |
244 |
49.630.000 |
75 |
|
SAMSUN |
1 |
40 |
2.604.020 |
15 |
|
TOTAL |
9 |
1.390 |
178.207.695 |
418 |
b) Distribution of hotels by star category, October 2018;
Among the hotels that received an incentive certificate, 3- and 4-star hotels rank first with 4 hotels each.
|
OCTOBER 2018 |
||
|
INVESTMENT INCENTIVE LIST |
||
|
Class |
Number of Hotels |
Number of Beds |
|
5* |
1 |
244 |
|
4* |
4 |
950 |
|
3* |
4 |
196 |
|
Total |
9 |
1.390 |
c) Distribution of hotels by star category, January – October 2018;
Among the hotels that received an incentive certificate in the first ten months of 2018, 3-star hotels ranked first with a total of 78 hotels, while in terms of capacity 5-star hotels ranked first with 7,748 beds.
|
JANUARY-OCTOBER 2018 |
||
|
INVESTMENT INCENTIVE LIST |
||
|
Class |
Number of Hotels |
Number of Beds |
|
5* |
15 |
7.748 |
|
4* |
29 |
5.773 |
|
3* |
78 |
6.996 |
|
2* |
1 |
84 |
|
Boutique |
15 |
1.117 |
|
Specially Licensed |
5 |
363 |
|
Total |
143 |
22.081 |
d) Comparison of the October periods 2014-2015-2016-2017-2018
When compared with the figures of the previous October period, it is seen that there was a decline in the figures.
|
Comparison of October 2014-2015-2016-2017-2018 |
|||||
|
Year |
Number of Provinces |
Number of Hotels |
Number of Beds |
New Employment |
Investment Amount |
|
2014 |
12 |
14 |
3.421 |
885 |
276,00million TL |
|
2015 |
8 |
12 |
3.397 |
1.078 |
315,70million TL |
|
2016 |
7 |
15 |
3.244 |
661 |
171,60million TL |
|
2017 |
8 |
13 |
3.312 |
868 |
258.400million TL |
|
2018 |
8 |
9 |
1.390 |
418 |
178.207million TL |
e) Comparison of the January-October periods 2014-2015-2016-2017-2018
When compared with the figures of the previous January-October period, it is seen that there was a decline in the figures.
|
Comparison of January – October 2014-2015-2016-2017-2018 |
|||||
|
Year |
Number of Provinces |
Number of Hotels |
Number of Beds |
New Employment |
Investment Amount |
|
2014 |
55 |
243 |
62.253 |
14.662 |
3.926,9million TL |
|
2015 |
49 |
184 |
42.373 |
10.627 |
2.978,50million TL |
|
2016 |
37 |
146 |
32.112 |
8.137 |
2.438,43million TL |
|
2017 |
46 |
153 |
28.073 |
7.653 |
2.564,0million TL |
|
2018 |
48 |
143 |
22.081 |
6.515 |
2.337,1million TL |
January – October 2018 Turkey-Wide Province-Based Investment Incentive List
|
JANUARY – OCTOBER 2018 INVESTMENT INCENTIVE CERTIFICATES |
|||||
|
No. |
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 |
2 |
260 |
23.550.000 |
110 |
|
4 |
AMASYA |
1 |
40 |
2.990.000 |
12 |
|
5 |
ANKARA |
2 |
368 |
35.329.905 |
40 |
|
6 |
ANTALYA |
16 |
3.628 |
362.089.292 |
1.114 |
|
7 |
ARTVIN |
1 |
36 |
4.200.000 |
15 |
|
8 |
AYDIN |
2 |
762 |
104.828.435 |
130 |
|
9 |
BALIKESIR |
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 |
CANAKKALE |
4 |
244 |
14.370.000 |
67 |
|
15 |
DENIZLI |
2 |
244 |
41.848.779 |
46 |
|
16 |
DUZCE |
2 |
138 |
17.803.405 |
31 |
|
17 |
EDIRNE |
2 |
314 |
48.706.000 |
97 |
|
18 |
ERZINCAN |
1 |
62 |
2.260.000 |
19 |
|
19 |
GAZIANTEP |
2 |
266 |
32.700.000 |
80 |
|
20 |
GIRESUN |
3 |
342 |
32.450.000 |
105 |
|
21 |
HATAY |
2 |
74 |
5.905.984 |
30 |
|
22 |
IGDIR |
1 |
110 |
2.650.000 |
22 |
|
23 |
ISTANBUL |
15 |
2.449 |
351.204.825 |
744 |
|
24 |
IZMIR |
6 |
855 |
127.452.060 |
246 |
|
25 |
KARABUK |
1 |
132 |
11.000.000 |
35 |
|
26 |
KARS |
1 |
152 |
5.220.000 |
15 |
|
27 |
KUTAHYA |
1 |
232 |
32.580.000 |
30 |
|
28 |
MALATYA |
1 |
66 |
3.850.000 |
15 |
|
29 |
MANISA |
1 |
153 |
7.900.000 |
23 |
|
30 |
MERSIN |
4 |
296 |
15.024.000 |
80 |
|
31 |
KIRKLARELI |
1 |
36 |
3.500.000 |
12 |
|
32 |
MUGLA |
10 |
1.861 |
162.105.296 |
528 |
|
33 |
NEVSEHIR |
4 |
310 |
24.998.000 |
96 |
|
34 |
ORDU |
2 |
150 |
6.800.000 |
35 |
|
35 |
OSMANIYE |
1 |
196 |
18.680.000 |
100 |
|
36 |
RIZE |
3 |
404 |
59.930.000 |
125 |
|
37 |
SAKARYA |
2 |
498 |
49.960.000 |
145 |
|
38 |
SAMSUN |
4 |
460 |
36.268.316 |
135 |
|
39 |
SANLIURFA |
2 |
53 |
3.900.000 |
35 |
|
40 |
SIRNAK |
3 |
428 |
30.509.000 |
60 |
|
41 |
SIVAS |
1 |
166 |
16.110.000 |
45 |
|
42 |
TEKIRDAG |
1 |
100 |
1.889.930 |
25 |
|
43 |
TOKAT |
1 |
40 |
3.170.000 |
35 |
|
44 |
TRABZON |
12 |
1.253 |
66.882.733 |
379 |
|
45 |
TUNCELI |
1 |
48 |
2.826.000 |
15 |
|
46 |
USAK |
1 |
40 |
3.050.000 |
40 |
|
47 |
VAN |
5 |
439 |
36.425.000 |
150 |
|
48 |
YALOVA |
2 |
198 |
19.490.000 |
60 |
|
|
TOTAL |
143 |
22.081 |
2.337.178.862 |
6.515 |
*In October 2018, Kutahya became a province to receive an incentive for the first time during the year.
©TÜROB-December 2018