Colliers: Mixed fortunes for Istanbul’s hotels in H115
According to Colliers International, the overall occupancy rate of the hotels in greater Istanbul (484 properties with a total of 48,085 rooms) rose by 2.1pp from 64.7% in H114 to 66.8% in H115. However, the average room rate slipped from EUR130.9 to EUR123.5 and REVPAR dropped from EUR84.7 to EUR82.5. The overall number of visitors to Istanbul increased by 7% in H115 relative to the previous corresponding period. However, the number of Russian visitors was sharply lower.
Source : September 2015/Colliers/Istanbul/HOT