Menu

Europe’s cheapest hotels are in Istanbul

  • Published by Ozgur Tore

Despite the increase in occupancy levels in Turkey compare to last year, price drops in the Turkish hotels keep Turkey at the bottom of Europe in terms of revenue. Istanbul hotels experienced the biggest loss in Europe.

golden horn galata

Turkish Hotels Association (TUROB) announced the results of STR Turkey Hotel Report for June 2017. According to the data received from hotels in Istanbul, Antalya, and Ankara, the occupancy level in June 2017 is increased 0.1 percent compare to June 2016 and recorded as 44.6%. The average Revenue per available room (RevPAR) in June 2017 announced as €31 and ranked lowest in Europe.

In the first half of 2017, between January and June, the occupancy level in Turkey is increased from 50.8% to 53.3% but RevPAR dropped from €39.4 to €32.7.

Istanbul hotels have Europe’s lowest prices

Occupancy level in Istanbul is increased 8.5% from 39.9% in June 2016 to 43.2% in June 2017.

Average Daily Rate (ADR) in June 2017 dropped 17.5% to €71.1 from €86.2 in June 2016.

Istanbul hotels RevPAR dropped 10.5% compare to last year and recorded as €30.7. It was €34.3 in June 2016.

In January-June 2017, occupancy rates increased from 49.2% to 53.3%. ADR dropped from €96.2 to €72.3. RevPAR dropped from €47.3 to €38.5.

TUROB President Timur Bayındır commented, “When we consider first half periods from 2015 to 2017, the revenue loss of hotels only in Istanbul is accounted €1 billion. Despite improvements in security concerns and a rise in hotel occupancy rates, there was no positive effect in hotel revenues. The main problem here is the stress resulting from the budget-destination image. Security concerns and other risks have unfortunately become a trump card in pricing Istanbul’s hotels”.

Booking.com
Advertisement
Advertisement

Most Read Turkey related news since January 1, 2017

Prev Next

Destinations

Spend a Romantic Weekend in Tallinn, Estonia

Spend a Romantic Weekend in Tallinn, Estonia

Beginning of December 2016, me and my wife visited Tallinn, the capital of Estonia, and if you are searching for a romantic weekend, then you should consider Tallinn. The Estonian capital offers tra...

Best of Greek Islands with Celestyal Cruises

Best of Greek Islands with Celestyal Cruises

In Summer 2016, I had chance to sail to Greek Islands with the Celestyal Cruises. In an organization with Karavan Cruises, travelers enjoyed best of Greek islands with Celestyal and received a compl...

Unique and Luxurious Vacation Destination in Turkey: Cappadocia

Unique and Luxurious Vacation Destination in Turkey: Cappadocia

ftnNEWS would like to present you a unique vacation idea here in Turkey: Cappadocia Region. Located on the central Anatolia plateau within a volcanic landscape sculpted by erosion to form a successi...