Hotel occupancy rates across Turkey hit two-year high in April: Association

ISTANBUL

Hotel occupancy rates across Turkey hit their highest level in the last two years in April, the Hotels Association of Turkey (TÜROB) has announced.

In a statement on May 23, the TÜROB said occupancy rates rose to 72.6 percent in April, marking a 19.7 percent year-on-year increase.

The rates hit 79.5 percent in Istanbul hotels, a 23.6 percent increase compared to the same month of 2017, according to the TÜROB statement, which is based on STR Global data.

These were the highest occupancy rates in Turkey’s hotels, read the statement.

Turkey also reached the highest monthly growth rate in terms of hotel occupancy rates among all European destinations, it also added.

Turkey ranked 11 in the list of European destinations with the highest hotel occupancy rates in April, according to the statement.

Hotel occupancy rates rose to 66 percent in the first four months of the year by a 22.7 percent year-on-year increase.

The average room price in Turkey’s hotels in April was 67.4 euros, higher than the price of 62.7 euros in April 2017. The average room price was 105 euros in April 2015.

Saying prices continued to increase after months of plunging, TÜROB President Timur Bayındır noted that the sector was still not able to return to the “good old days.”

“Our aim should now be to take measures in an effort to enable a robust recovery in sectors that will bring an increase in prices, such as culture and business event tourism,” Bayındır added.