Labour costs in the accommodation and food services sector in Turkey were recorded at 72 billion New Turkish Liras in 2023. Forecasted data indicates a steady increase in labour costs from 2024 to 2028. Specifically, costs are projected to rise from 78.67 billion in 2024 to 92.26 billion by 2028. This corresponds to year-on-year variations of approximately 4.44% in 2025, 4.17% in 2026, 3.93% in 2027, and 3.72% in 2028. Over the entire forecasted period, the compound annual growth rate (CAGR) is estimated to be around 4.02%.
Future trends to watch for include the impact of inflation on labour costs, potential government intervention in wage policies, and the dynamic economic conditions post-pandemic that could either accelerate or decelerate cost growth. Monitoring these factors will be crucial for a comprehensive understanding of the labour market in the accommodation and food services sector.
