Hotel data reveal Turkey’s dismal tourism sector

Istanbul, Wyndham Grand Levent
There are several hotels in Istanbul's Levent business district, including the Wyndham Grand. Photo Credit: Shutterstock

Even before the attack on Istanbul’s airport in late June and the failed coup attempt last weekend, Turkey’s hotel business was slumping badly in the first six months of the year.  

According to hotel data research firm STR, Istanbul’s revenue per available room was about $54 per night through June, a 40% plunge from a year earlier, and occupancy sunk 17 percentage points, to 49%.

June has been the worst month of the year so far, with RevPAR plunging 59%, to $39, and occupancy down 26 points, to 40%.

Bombings occurred in Istanbul in January, March and June, and in Ankara in February and March. A bombing outside the Ankara railway station last October killed 103 and injured 500.

In comparison to Turkey’s hotel stats, RevPAR for the first half of the year fell 13% and 9%, respectively, in Belgium and France, two countries plagued by Islamic attacks.

Through June, Europe’s RevPAR was little changed, as Spain and Portugal rose while France and Belgium fell.

Correction: The STR hotel stats are for Istanbul, not all of Turkey.

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