Forecast: Hotels Establishment Number by Territorial Typology in Turkey

The number of hotel establishments in Turkey has shown a robust increase from 2013 to 2023, growing from 2.98 thousand in 2013 to 14.71 thousand in 2023. Notably, following a significant jump in 2016 (47.56% YoY), the growth rate moderated but remained positive, with the YoY variation for 2023 recorded at 4.65%. The Compound Annual Growth Rate (CAGR) over the last five years stood at 5.02%, indicating steady expansion.

Looking ahead to future trends, from 2024 onwards, the forecast suggests a continued, albeit moderate, growth trend with an expected five-year CAGR of 3.09% up to 2028. Key factors to monitor include potential fluctuations due to economic conditions, tourism sector policies, and international travel trends which could influence the pace of establishment growth. Strategic investments in tourism infrastructure and marketing will be essential for sustaining this upward trajectory.