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TUROB announces Turkey Hotel Industry Performance, October 2015

  • Published by Ozgur Tore

cesme beachAccording to data compiled by STR Global, compared to October 2014, Europe reported a 2.5% increase in occupancy to 76.1%, a 6.5% increase in average daily rate to EUR117.78 and a 9.2% increase in revenue per available room to EUR89.58. Turkish Hotels Association - TUROB announced Turkey's hotel industry report with the October 2015 data compiled by STR Global.

The occupancy rate in Turkish hotels continued its drop in October and reported a 6.4% drop to 60.5%. In October 2014, it was recorded as 64.6%. Despite a drop in October 2015, Turkey reported a 0.5% increase in occupancy to 63.5% during the January – October 2015 period. In the first 10 months period of 2015, European hotel industry recorded 71.6% occupancy.

In Europe, the ADR (Average Daily Rate) in October 2014 was €113.6; ADR dropped to €100.8 in October 2015. However, ADR in the first 10 months increased to €108.9 in 2015 from €108.5 last year.

Istanbul hotels recorded a 6.7% drop in occupancy to 64.3% in October 2015. The main reason behind the drop is shown as the difficulties in congress tourism. The ADR in October 2015 reported as €123.8 which was dropped 15.5% from €146.5 in Oct. 2014. RevPAR or revenue per available room also dropped 21.1% to €79.6. It was €100.9 in Oct. 2014. During the first 10 months, the occupancy in Istanbul hotels saw 67.2%. It was 65.9% same period last year. In the first 10 months, ADR dropped from €134.7 to €126.2 and RevPAR dropped from €88.8 to €84.8.

Turkey’s most visited city by tourists; Antalya and surroundings recorded a 4% drop in occupancy in Oct. 2015 to 57.7%. It was 60.1% in Oct. 2014. Following the rising tensions between Turkey and Russia, more drops are expected. ADR in Antalya rise 14.1% to €93.49. ADR in Oct.’14 was €81.9. RevPAR also increased 9.4% to €53.9. It was €49.2 in Oct’14. In the first 10 months of 2015, occupancy rate in Antalya hotels reported 61.9%, it was 64.4% in Jan-Oct 2014. In the same period, RevPAR increased from €63.5 in 2014 to €73.8.

Turkish capital Ankara reported 3.8% increase in hotel occupancy to 63.6% in Oct. 2015. It was 61.3% in Oct.2014. ADR increased in Oct’15 to €83.3 from €81.6 in Oct.’14; a 2% increase. RevPAR also increased by 5.9% to €52.9. In the first 10 months of 2015, Ankara’s hotel occupancy rate reported increase from 59.3% to 60%. ADR rise from €76.8 to €81.6 and RevPAR increased from €45.5 to €49.0.

Ireland leads in Occupancy rates in Europe

Country Occupancy (%-Jan./Oct. 2015)
Ireland 80.1
Malta 79.6
UK 78.1
Belgium 73.8
Hungary 73.7
Spain 72.9
The Netherlands 72.5
Czech Rep. 71.8
Austria 71.6
Poland 70.6
Germany 70.4
Portugal 70.3
Greece 68.6
Italy 68.3
France 68.3
Switzerland 66.6
Romania 66.2
Lithuanian 65.8
Finland 63.7
Turkey 63.5
Slovakia 62.3
Bulgaria 59.8
Russia 57.3
Croatia 53.9
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