Skip to content Skip to Search
Skip navigation

Top Turkish holiday resort reports hotel rates at record highs

Turkish hotel rates Antalyaıf Zafrak
Antalya attracted 15.7 million foreign tourists in 2023, with 3.46 million Russians visiting, up 14 percent from 2022

The Turkish holiday destination Antalya saw hotel rates in 2023 rise 19.35 percent year on year.

The average daily rate (ADR) for hotels in Antalya reached €172.1 ($186.21), Hürriyet Daily News reported, citing data from the Hotel Association of Türkiye (TÜROB).

The revenue per available room (RevPAR) rose 8 percent year on year to €96.8.

The increase in daily rates saw occupancy at Antalya hotels fqll to 56.2 percent in 2023, from 62.2 percent in the previous year.

The occupancy rate stood at 65.4 percent in 2019 before the pandemic severely hit the global tourism and travel industries.

Antalya last year attracted 15.7 million foreign tourists. A total of 3.46 million Russians visited, up 14 percent from 2022.

Germans constituted the second-largest group of foreign holidaymakers at 3.36 million, a 19 percent growth year on year.

British tourists visiting Antalya also grew by 15 percent, reaching 1.3 million.

In Istanbul, ADR rose to €143.5 in 2023 from €136.5 in 2022. However, RevPAR fell from €101.8 to €93.52, as the occupancy rate dropped from 74.6 percent to 65.2 percent.

The government’s measures to lower inflation will help costs and hotel prices to stabilise, said Kaan Kavaloğlu, the president of the Mediterranean Touristic Hoteliers and Operators Association.

Latest articles

Etihad Airways is opening new routes to Boston and Nairobi in 2024

ADQ explores potential listing of Etihad Airways

ADQ, the UAE’s sovereign wealth fund, is considering a potential listing of Etihad Airways, making it the first publicly traded airline in the GCC.  The fund has held discussions with banks on a possible floatation deal as soon as this year, Bloomberg reported, citing a source familiar with the deal. ADQ has been weighing the […]

The development by Al Fayha is the second mixed-use development announced for Muscat in a matter of days

Omani developer reveals Muscat mixed-use project

The Omani developer Al Fayha United Development company has launched a 13,000 square metre mixed-use project in Muscat. The Smart Home project in Al Ghala Heights, opposite Madinat Al Irfan, will include an apartment building comprising nine floors and a penthouse. Sheikh Saud bin Hamad al Ta’i, chairman of Al Faiha Development Company, said residential […]

Aramco buys out Chile’s fuel and lubricant retailer

Saudi Aramco, the world’s largest oil producer, has completed the acquisition of a 100 percent stake in Chile’s downstream fuel and lubricant retailer Esmax Distribución SpA (Esmax). The Chilean company owns and operates retail fuel stations, airport operations, fuel distribution terminals and a lubricant blending plant.  The transaction, which was announced in September 2023, is […]

People, Person, Groupshot

e&’s $6bn pledge to advance ‘affordable’ connectivity

The UAE’s e&, the telecommunications company formerly known as Etisalat, has committed $6 billion to improve network connectivity and digital services across its 16 operating countries in Africa, Asia, and the Middle East. The investment pledge was made to the International Telecommunication Union’s (ITU) Partner2Connect Digital Coalition, which will help drive technological advancement, infrastructure development, […]