In the Accommodation and Food Services sector in Turkey, the Gross Value Added (GVA) in 2023 stood at approximately 0.768 trillion New Turkish Liras. In 2024, this figure is forecasted to reach 1.0362 trillion New Turkish Liras, representing a year-on-year increase of 34.94%. The trend continues with notable growth rates of 26.68%, 20.83%, 17.07%, and 14.44% in the following years up to 2028. Over a 5-year period, the Compound Annual Growth Rate (CAGR) is projected to be 20.39%.

Future trends to watch for:

The evolution of domestic tourism and its impact on the sector.
Potential regulatory changes affecting the hospitality industry.
The influence of macroeconomic conditions, including inflation and exchange rates.
Technological advancements in food service delivery and accommodation booking processes.
Consumer spending patterns and preferences, particularly in the wake of ongoing global economic changes.