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Istanbul and Antalya hotels suffer record falls in occupancy and revenues

  • Published by Ozgur Tore

istanbul scenic hotel room

Turkey’s hospitality industry statistics shows the effects of tensions with Russia, terror attacks and the failed coup. Istanbul hotels are the most suffered as the occupancy rate drops below 40% in July 2016. Turkish Hotels Association – TUROB said that the average occupancy at Turkish hotels in July 2016 dropped 33.5% to 41.5% compare to same month last year.

Istanbul, which recorded 62.1% occupancy rate in July 2015, registered 36.8% in July 2016; a drop of 40.6%.

Meanwhile in Antalya, occupancy rate is dropped 21.9% to 60.3% in July 2016.

According to STR Turkey Hotel results, Istanbul has the highest drop and lowest occupancy rate in all European destinations. Istanbul’s Average Daily Rate (ADR) also dropped to €89; 31.4% drop compare to July 2015. Istanbul’s ADR in July 2015 was €129.70.

Revenue per available room (RevPAR) also dropped double-digit 59.3% to €32.80. Istanbul’s RevPAR in July 2015 was €80.40.

In the period of the first 7 months,
Occupancy rate dropped from 65.8% in Jan.-July 2015 to 47.3% in Jan.-July 2016
ADR dropped from €122.70 to €96.80, and
RevPAR dropped from €80.60 to €45.80.

At hotels in Antalya and neighbour districts, hotel occupancy rates dropped 21.9% to 60.3% in July 2016. Hotel occupancy rate in July 2015 was 77.3%. ADR recorded €139.40; a drop of 24.6%. ADR was €184.90 last year. RevPAR dropped 41.2% to €84.10. RevPAR in July 2015 was €142.90.

In the period of the first 7 months,
Occupancy rate dropped from 57.2% in Jan.-July 2015 to 51.3% in in Jan.-July 2016
ADR dropped from €106.20 to €77.50, and
RevPAR dropped €60.70 to €39.80

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