The number of bed-places in tourist accommodation establishments in Turkey has shown a steady increase from 1.24 million units in 2013 to 1.68 million units in 2023, with notable fluctuations due to external factors. The most significant drop occurred in 2020, primarily due to the pandemic, but this was followed by a strong recovery with substantial year-on-year growth in subsequent years. Over the past two years (2021-2023), there was a positive trend, with YoY variations of 16.05% and 2.52%, respectively. The 5-year CAGR leading up to 2023 was 2.63%, reflecting a moderate annual growth rate.
Looking to the future, the forecasted data shows continuous growth, with bed-places expected to reach 1.89 million units by 2028. The projected 5-year CAGR from 2024 to 2028 is 1.94%, with an overall growth rate of 10.07% over this period.
Future trends to watch for include potential impacts of global economic conditions on tourism, sustainability practices within the accommodation industry, and the influence of geopolitical stability in the region on international visitor numbers. Additionally, advancements in hospitality technology and consumer preferences for different types of accommodations will be critical areas to monitor.
