Turkey Real Estate Market Overview Half Year 2022

MARKET INDICATORS

FOREIGN VISITORS

ADR:

REVPAR:

OCCUPANCY:

62% / June +71% / y/y

€93 / June +42% / y/y

€58 / June +143% / y/y

11,3 M / May YTD

TURKEY

+207% / y/y

69% / June +95% / y/y

€113 / June +45% / y/y

€78 / June

5,28 M / May +213% / y/y

ISTANBUL

+181% / y/y

Performance

In the first half of 2022, hotel occupancy rates in Turkey increased by 71% compared to the same period of the previous year, and were recorded at 62%; In Istanbul, it increased by 95% and was recorded as 69%. The average daily price of rooms sold increased, on the other hand, in the first 6 months of 2022 in Turkey and Istanbul, respectively, to €93 and €113. In Europe, in the first 6 months of 2022; The average occupancy rate was 58.3%, below the average of Turkey. The average daily price of rooms sold in Europe was €121, and Turkey lagged behind Europe with the room price recorded in the same period. In the first half of 2022, the number of facilities with operating licenses throughout Turkey reached 5,888. In the January–May 2022 period, the number of facilities with operating licenses in Istanbul increased to 702, while five In the first 5 months of 2022, the number of foreign visitors to Turkey was recorded as 11.3 million, with a marked increase of 207% compared to the same period of the previous year. On the other hand, 5.28 million foreign visitors came to Istanbul, an increase of 213% compared to the same period of the previous year. However, in the ranking of the countries sending the most visitors in the January-May period of the year, Germany (1,308,721) ranked first, Bulgaria (945,976) was second and Russia (853,590) was third, followed by Iran and Great Britain, respectively. In Istanbul, in the ranking of the countries sending the most visitors in the January-May period of 2022, Germany (101.352) ranks first, Iran (88.171) second, Russia (60.044) third, followed by Great Britain and the USA, respectively. is following. Visitors Supply

Foreign Visitors

TURKEY

5.28 ISTANBUL million 5 mth

207% y/y

213% y/y

11.3 milllion 5 mth

ADR

€78 TURKEY

€97 ISTANBUL

33% y/y

30% y/y

6 mth

6 mth

Occupancy

57% TURKEY 6 mth

64% ISTANBUL 6 mth

60% y/y

83% y/y

5* Hotels #

TURKEY

122 ISTANBUL

2,5% y/y

2%

773

y/y

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