Hotel occupancy rates increase in Istanbul in May 2017 but revenues fall

The Turkish Association of Hotels (TÜROB) reports that hotel occupancy rates increased in Istanbul in May but hotels in the city are still the cheapest in Europe. TÜROB  also said that despite the fact that Russian tourists have been driven recently, occupancy rates in hotels in Antalya continue to fall.

According to STR Global data released by TÜROB on 24 June, hotel occupancy rates in Turkey increased to 61.5 per cent in May with an annual increase of 8.3 per cent.

The rates increased to 55.3 percent in the first five months of the year and by 6.3 percent compared to the same period last year; But the room prices declined by 23 percent to 60,1 euros resulting in a sharp drop in revenues during the same period.

Hotel occupancy rates in Antalya on the other hand decreased by 1.5 percent in May compared to the same period of 2016 and decreased to 55.8 percent. Hotel revenues fell in May and Antalya’s ADR decreased by 9.7 percent compared to the same period of the previous year and declined to 61.1 euros. RevPAR declined 11.1% year on year to 34.1 euros in May.