Boston, MA -- (SBWIRE) -- 09/18/2014 -- In 2013 travel accommodation saw astonishing 20% current value growth, stemming mainly from the performance of hotels. Hotels registered 23% current value growth in 2013, compared with only a CAGR of 9% over the review period. Above-average growth rates in value sales in domestic tourism and inbound tourism were the main reasons for the good performance of hotels at the end of the review period. The average occupancy rates in the market increased due to the higher number of tourists. Also, the average room rental prices saw an increase in 2013. The exception in terms of hotel occupancy rates was Antalya (the most popular coastal resort), where the occupancy rate went down despite a growing number of tourists to the city, as a result of the higher number of hotel rooms available.

Industry Prospects:

Over the forecast period travel accommodation is predicted to see a value CAGR of 7% at constant 2013 prices, compared with a CAGR of 1% over the review period. The increase in domestic and inbound tourism, as well as the establishment of a larger number of luxury hotels, will be the main reasons for growth. Also, improved economic conditions in the country are expected to motivate domestic tourists to take more frequent holidays and also to spend more whilst on holiday.

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Report Overview:

Discover the latest market trends and uncover sources of future market growth for the Travel Accommodation industry in Turkey with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Travel Accommodation industry in Turkey, our research will save you time and money while empowering you to make informed, profitable decisions.

The Travel Accommodation in Turkey market research report includes:

- Analysis of key supply-side and demand trends
- Detailed segmentation
- Historic volumes and values, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

- What is the market size of Travel Accommodation in Turkey?
- What are the major brands in Turkey?
- What is the rate of development for chained hotels vs independent hotels?
- How are luxury hotels performing compared to mid-priced and budget hotels?
- Is there an increase in hostels and campsites?

Reasons to Get this Report:

- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions

Product coverage: Travel Accommodation by Category, Travel Accommodation by Channel.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

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