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Country Report

Luxury Hotels (5-star plus) in

Luxury Hotels in Turkey

Jan 2021

US$990

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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!

2020 IMPACT

Luxury hotel operators fight to adapt to COVID-19 in 2020

As in other countries around the world, the COVID-19 pandemic severely impacted the tourism industry in Turkey in 2020, including luxury hotels. Ongoing uncertainty around changing travel restrictions meant that many consumers were wary of making travel plans or bookings.

Online services help to maintain connection with guests

With the operational challenges of the COVID-19 pandemic limiting face-to-face interactions with guests and transforming virtually every corner of the luxury hotel offering and experience, many companies turned to online services as a means of providing a contactless and controlled experience. Four Seasons expanded their existing App and Chat platform with enhanced features, giving Four Seasons Private Residence homeowners and residents the ability to connect with their designated residential teams from their phones, tablets or computers.

Foreign visitors gradually return to tourist hotspots during summer 2020

From early to mid-June 2020 onwards, Turkey saw the gradual return of foreign tourists from certain countries, and numbers were expected to grow further throughout the summer as more countries lifted restrictions on international travel. Flights to most nations were expected to resume by August, with most travellers destined for leading tourist areas such as the southern resort city of Antalya and the vacation towns of Bodrum and Dalaman, as well as western Izmir province and Istanbul.

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Overview

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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.

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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

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Luxury Hotels in Turkey - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Luxury hotel operators fight to adapt to COVID-19 in 2020

Online services help to maintain connection with guests

Foreign visitors gradually return to tourist hotspots during summer 2020

RECOVERY AND OPPORTUNITIES

Luxury hotels set to see rapid normalisation in demand from 2021

Urban hotels and business travel face strong headwinds as recovery gathers pace

Luxury hotels set to expand range of personal services as operators continue to adapt to the new environment

CATEGORY DATA

Table 1 Sales in Luxury Hotels: Value 2015-2020
Table 2 Sales in Luxury Hotels: % Value Growth 2015-2020
Table 3 Sales in Luxury Hotels by Country of Origin: % Value 2015-2020
Table 4 NBO Company Shares in Luxury Hotels: % Value 2015-2019
Table 5 LBN Brand Shares in Luxury Hotels: % Value 2016-2019
Table 6 Forecast Sales in Luxury Hotels: Value 2020-2025
Table 7 Forecast Sales in Luxury Hotels: % Value Growth 2020-2025

Luxury Goods in Turkey - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2015-2020

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2015-2020
Table 10 Sales of Luxury Goods by Category: % Value Growth 2015-2020
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2015-2020
Table 12 NBO Company Shares of Luxury Goods: % Value 2015-2019
Table 13 LBN Brand Shares of Luxury Goods: % Value 2016-2019
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2020
Table 15 Forecast Sales of Luxury Goods by Category: Value 2020-2025
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2020-2025

Megatrends

Country Report

Luxury Hotels in Turkey

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

Luxury hotel operators fight to adapt to COVID-19 in 2020

Online services help to maintain connection with guests

Foreign visitors gradually return to tourist hotspots during summer 2020

Overview

Why buy this report?

SAMPLES

Delivery

Overview

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Table of Contents

Luxury Hotels in Turkey - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Luxury hotel operators fight to adapt to COVID-19 in 2020

Online services help to maintain connection with guests

Foreign visitors gradually return to tourist hotspots during summer 2020

RECOVERY AND OPPORTUNITIES

Luxury hotels set to see rapid normalisation in demand from 2021

Urban hotels and business travel face strong headwinds as recovery gathers pace

Luxury hotels set to expand range of personal services as operators continue to adapt to the new environment

CATEGORY DATA

Luxury Goods in Turkey - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

MARKET DATA

DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

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