Hotels’ revenue per available room and average daily rate for rooms hit 3-year high
The hotel occupancy rate across Turkey reached 67.6% in 2019, up 2.4% from the previous year, a hotel association said.
The sector’s revenue per available room (RevPAR) and average daily rate (ADR) for rooms hit the three-year high in 2019, the Turkish Hotel Association (TUROB) reported.
RevPAR increased to €52.3 ($58), up 13%, while ADR for rooms went up 10.4% to €77.4 year-on-year in 2019.
In Europe on average, the hotel occupancy rate was 72.2% and RevPAR was €113.3 last year, the report said.
Meanwhile, the occupancy rate was 74% in Turkey’s world-famous touristic city of Istanbul and 65.7% in the Mediterranean resort city of Antalya.
While RevPAR and ADR were €77.9 and €39.5 in 2016, they posted historical high with €115.6 and €74.8 in 2012 respectively.
Turkey welcomed 45 million foreign visitors in 2019, up 14.1% year-on-year, according to the Culture and Tourism Ministry data on Friday.
The country’s annual tourism revenue rose 17% to hit $34.5 billion — historical high — in 2019, according to the country’s statistical authority.
The average Euro/U.S. dollar exchange rate was 1.11 in 2019.