The number of bed places in tourist accommodations in Turkey saw steady growth from 2016 to 2023, rising from 1.2459 million to 1.7276 million. This represents a compound annual growth rate (CAGR) of 2.66% over this period. Significant growth occurred in 2017 (15.73% increase), while the last couple of years registered more modest growth (2.38% in 2022 and 2023). This trend indicates a consistent but decelerating growth trajectory.
Looking ahead, the forecast data predict continued growth, but at a slower pace with a CAGR of 1.4% from 2024 to 2028, culminating in 1.8918 million bed places by 2028. This slower growth suggests a maturation of the market as it stabilizes.
Future trends to watch for include the impact of global economic conditions on tourism, potential investment in new accommodation facilities, and shifts in tourist preferences that could influence the demand for different types of accommodations.
