The number of tourist accommodation establishments in Turkey has demonstrated consistent growth over the past few years. In 2023, the total stood at approximately 14.62 thousand establishments, reflecting a year-on-year increase of 4.09%. This continues a trend of yearly growth observed over the last several years, albeit at varying rates. From 2021 to 2022, the increase was 5.02% and 4.31% respectively, indicating a minor deceleration. The five-year compound annual growth rate (CAGR) leading up to 2023 was 4.48%, showing a healthy upward trajectory in the sector.
The forecast for 2024 and beyond shows continued growth, albeit at a slightly reduced pace with a forecasted five-year CAGR of 2.77%. By 2028, the total number of establishments is expected to reach around 17.42 thousand, representing a 14.67% growth from the 2023 figure.
Future trends to watch for include:
- Potential impacts of economic conditions on domestic and international tourism.
- Technological advancements in accommodation management and marketing.
- Government policies and initiatives to promote tourism and hospitality industry development.
- Environmental and sustainability initiatives that could affect tourism infrastructure.
