Euromonitor International
- Item successfully added to cart!
  
  Your cart is empty
  
  View Cart Check Out

Country Report

Luxury Hotels (5-star plus) in

Luxury Hotels in Turkey

Jan 2020

US$990

Add to cart Pay by invoice

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Tourism drives growth in luxury hotels, as Istanbul's new airport boosts tourism

The opening of Istanbul's new airport in April 2019, contributed to an increased performance for luxury hotels during the year, bringing new customers to the location. Due to the significant increase of visitors to Turkey, hotel occupancy rates increased their number of foreign customers.

Marketing and promotional activities drive sales while focusing on new source countries

Over the review period, the luxury hotel landscape has benefitted from investment in effective marketing and promotional activities, increasing the appeal of Turkey in essential source countries. The push in marketing activities included more than 60 promotional campaigns across the country and was further boosted by the opening of the Istanbul airport in 2019.

Six Senses renovate historic mansions to create a luxury hotel in the Bosphorus

In 2019, there was notable activity from US hotel chain Six Senses, as historic mansions were being renovated into luxury SPA hotels. Kocatas and Sait Pasa mansions in the Bosphorus, and historical buildings on 25 acres of land, were all being renovated with an investment of USA200 million.

COMPETITIVE LANDSCAPE

Competition remains fragmented in luxury hotels, but Dogus Holding AS retains its lead

Dogus Holding AS continued to lead the landscape in 2018, offering poplar hotels Macakizi hotel, Grand Azur Marmaris, D Maris Bay and Murat Reis Ayvalik. Despite Dogus Holding AS’s lead, the most popular hotel in 2018 was Rixos from Rixos Group.

Kuzu Group's hotel SeaPearl Ataköy offers a luxury experience for over 700 residents in Istanbul

Kuzu Group's premium project in Istanbul, SeaPearl Ataköy, is currently under construction. SeaPearl Ataköy will be a 5-star hotel that holds 770 residences, holding 202 rooms and 62 private residences.

Titanic Group add a fifteenth hotel as they plan a new luxury facility for 2022

Titanic Group are planning to construct a hotel in Belek; a luxury hotel with 600 rooms across 90 acres, which will be an investment from manufacture of TRY350 million. Having rented Mardan Palace Hotel from Halkbank for ten years in 2019, Titanic Group are pushing forward with this new investment, to add a fifteenth hotel to its group.

Files are delivered directly into your account within a few minutes of purchase.

Overview

Why buy 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.

SAMPLES

FAQS ABOUT SAMPLES

Delivery

Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Luxury Hotels (5-star plus) 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 Luxury Hotels (5-star plus) industry in Turkey, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Hotels (5-star plus) 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 Luxury Hotels (5-star plus) 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?

Why buy 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

This industry report originates from Passport, our

Travel and Tourism market research database

Want to find out more about this report?

Request more information

Luxury Hotels in Turkey - Category analysis

HEADLINES

PROSPECTS

Tourism drives growth in luxury hotels, as Istanbul's new airport boosts tourism

Marketing and promotional activities drive sales while focusing on new source countries

Six Senses renovate historic mansions to create a luxury hotel in the Bosphorus

COMPETITIVE LANDSCAPE

Competition remains fragmented in luxury hotels, but Dogus Holding AS retains its lead

Kuzu Group's hotel SeaPearl Ataköy offers a luxury experience for over 700 residents in Istanbul

Titanic Group add a fifteenth hotel as they plan a new luxury facility for 2022

CATEGORY DATA

Table 1 Sales in Luxury Hotels: Value 2014-2019
Table 2 Sales in Luxury Hotels: % Value Growth 2014-2019
Table 3 Sales in Luxury Hotels by Country of Origin: % Value 2014-2019
Table 4 NBO Company Shares in Luxury Hotels: % Value 2014-2018
Table 5 LBN Brand Shares in Luxury Hotels: % Value 2015-2018
Table 6 Forecast Sales in Luxury Hotels: Value 2019-2024
Table 7 Forecast Sales in Luxury Hotels: % Value Growth 2019-2024

Luxury Goods in Turkey - Industry Overview

EXECUTIVE SUMMARY

Despite a decline in growth, the increase in tourism, the rise of men’s apparel and the opening of new luxury stores, positively benefited luxury goods

The growing health and wellness trend, customisation and a desire for co-ordinated outfits shapes luxury offerings

Luxury car players led the landscape, as competitors launch limited-edition products to gain value share

Store-based retailing remains the dominant distribution channel, however, internet purchases are on the rise

Growth is predicted to increase over the forecast period, driven by women in the workforce and growth of luxury cars

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2014-2019

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2014-2019
Table 10 Sales of Luxury Goods by Category: % Value Growth 2014-2019
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2014-2019
Table 12 NBO Company Shares of Luxury Goods: % Value 2014-2018
Table 13 LBN Brand Shares of Luxury Goods: % Value 2015-2018
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2019
Table 15 Forecast Sales of Luxury Goods by Category: Value 2019-2024
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2019-2024

Megatrends

Country Report

Luxury Hotels in Turkey

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Tourism drives growth in luxury hotels, as Istanbul's new airport boosts tourism

Marketing and promotional activities drive sales while focusing on new source countries

Six Senses renovate historic mansions to create a luxury hotel in the Bosphorus

COMPETITIVE LANDSCAPE

Competition remains fragmented in luxury hotels, but Dogus Holding AS retains its lead

Kuzu Group's hotel SeaPearl Ataköy offers a luxury experience for over 700 residents in Istanbul

Titanic Group add a fifteenth hotel as they plan a new luxury facility for 2022

Overview

Why buy this report?

SAMPLES

Delivery

Overview

Want to find out more about this report?

Table of Contents

Luxury Hotels in Turkey - Category analysis

HEADLINES

PROSPECTS

Tourism drives growth in luxury hotels, as Istanbul's new airport boosts tourism

Marketing and promotional activities drive sales while focusing on new source countries

Six Senses renovate historic mansions to create a luxury hotel in the Bosphorus

COMPETITIVE LANDSCAPE

Competition remains fragmented in luxury hotels, but Dogus Holding AS retains its lead

Kuzu Group's hotel SeaPearl Ataköy offers a luxury experience for over 700 residents in Istanbul

Titanic Group add a fifteenth hotel as they plan a new luxury facility for 2022

CATEGORY DATA

Luxury Goods in Turkey - Industry Overview

EXECUTIVE SUMMARY

Despite a decline in growth, the increase in tourism, the rise of men’s apparel and the opening of new luxury stores, positively benefited luxury goods

The growing health and wellness trend, customisation and a desire for co-ordinated outfits shapes luxury offerings

Luxury car players led the landscape, as competitors launch limited-edition products to gain value share

Store-based retailing remains the dominant distribution channel, however, internet purchases are on the rise

Growth is predicted to increase over the forecast period, driven by women in the workforce and growth of luxury cars

MARKET INDICATORS

MARKET DATA

SOURCES

Why buy this report?

Want to find out more about this report?

Recently Viewed

Complete Catalogue

Country Reports

Recently Viewed

Complete Catalogue

Country Reports