Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Hotel Operator Beat

Bořivoj Vokřínek • 08/07/2022

Global real estate services firm Cushman & Wakefield presents the findings of its survey conducted among executives representing over 14 leading international hotel operators in its latest report Hotel Operator Beat Q4 2021.

The survey was completed in December 2021 by hotel operators with a presence or interest in entering the Turkey region.

Key Findings:

  1. The top 5 most attractive urban markets in Turkey are Istanbul, Antalya, Izmir, Ankara, and Bursa.
  2. The southern coast regions of the Aegean and Mediterranean riviera are rated to be the most attractive tourism destinations for hotel operators.
  3. The survey results indicate that some operators are willing to offer better commercial terms when it comes to sustainable hotels. Waving technical development services fees seems to be the primary incentive, with 36% of surveyed operators stating that they are very likely or likely to offer this for properties with high environmental ratings.
  4. Almost 40 of the surveyed operators in the Turkey region engage in leases, and only 7-14% stopped offering some form of these contracts due to COVID-19.
  5. While the reminder of urban markets in Turkey is expected to see a somewhat slower recovery, most respondents still anticipate that these cities will achieve pre-pandemic performance levels in early 2023.
  6. The funding challenges remain both within the dept and equity parts of the capital stack, accounting for a combined 54% of justifications for project delays. 
  7. Interestingly, 33% of surveyed operators in Turkey are reporting a trend of ESG related clauses in their contracts, which is relatively low compared to other regions in Europe.

RELATED INSIGHT

Top of glass office building exterior corner
MarketBeat

Turkey MarketBeat

Cushman & Wakefield MarketBeat reports analyse Turkey commercial property activity across office, retail, residential, hospitality and industrial real estate sectors including supply, demand and pricing trends at the market and submarket levels.
Burcin Pehlivanoglu • 11/05/2023
Logistics
Insights • Supply Chain

Turkey Logistics Market

Logistics Market Overview report authored in collaboration with Presidency of the Republic of Türkiye Investment Office, aims to assist individuals and organizations wishing to invest in Türkiye by providing detailed and comprehensive information on the logistics industry in the country.
24/03/2022
Data Centers
Research

2022 Global Data Center Market Comparison

Explore a unique way to assess and score 55 global primary and emerging data center markets utilizing 13 criteria.
Tugra Gonden • 10/02/2022

Recent News

View of Istanbul with metro bridge
Turkey Market Report Third Quarter 2021

While the rise in logistics rents accelerates investment activities, the eyes of international investors seeking solutions to global supply chain problems and increasing costs and risks are in Turkey.

11/11/2021

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.

MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS