While the investment appetite continues to increase in Turkey's tourism sector, which has broken records in tourism revenue and number of tourists, the number of hotels and accommodation facilities that are put up for sale from execution and closed is increasing day by day.
In the data announced by the Union of Chambers and Commodity Exchanges of Turkey (TOBB), among the top 10 activities with the most company closures among 538 companies in the January-February period of 2024, accommodation businesses came to the fore with 13 units as A.Ş..
While 8 hotel companies were closed in 2023, 8 A.Ş., which are accommodation businesses, were closed in 2 months of 2020, the beginning of the pandemic process.
However, 34 A.Ş., which were hotel establishments, were closed in the whole of 2022. In 2019, the accommodation sector was recorded as the 10th field of activity with the most openings as A.Ş. with 18 units.
