According to the data from the Central Bank of the Republic of Türkiye (CBRT), the direct foreign capital investment in Türkiye's tourism sector for the 12-month period of 2023 shrank by 86%, dropping from 332 million Dollars to 46 million.
How much is the direct foreign capital investment in tourism?
Based on the analysis by Tourism Databank from CBRT data, the direct foreign capital investment in accommodation and food service activities (Tourism) from abroad for the 12-month period of 2023, shrank by 86%, dropping from 332 million Dollars to 46 million.
The tourism investments going abroad also shrank by approximately 25%, becoming 80 million Dollars.
What does foreign capital mean?
It refers to the capital flows from one country to another, granting a significant ownership stake in domestic companies and various assets to a foreign investor. Direct foreign investment involves physical investments and purchases made by foreigners in a foreign country, such as establishing factories for production, acquiring real estate, machinery, factories, and other types of equipment.
How many hotels are there in Türkiye?
As of January 2024, the number of hotels certified by the Ministry of Culture and Tourism in Türkiye exceeded 21,000, and the number of operational hotel beds surpassed 1.8 million. There are also nearly 159,000 beds in the investment phase.
How many hotels and hotel beds are there in Türkiye?
According to calculations made by Tourism Databank from the Facility Statistics updated by the Ministry of Culture and Tourism, as of the end of January 2024, the number of operational hotels certified by the Ministry of Culture and Tourism in Türkiye reached 21,013, and the number of operational hotel beds amounted to 1,790,976. Additionally, there are 159,612 beds in the investment phase.
How many hotels are there in each province?
In this month, the number of operational hotels in Antalya reached 2,492, with the number of hotel beds surpassing 615,000. The total number of hotels in Istanbul reached 2,931, with the number of hotel beds exceeding 244,000. On the other hand, Muğla, with over 217,000 beds, has 2,642 facilities, and İzmir, surpassing 81,000 beds, has 1,703 facilities.
