Turkey’s hotel investments drop 42 percent in first quarter of 2016: Association

May '16

Hotel investments in Turkey plunged by 42 percent in the first quarter of the year from the same period of 2015, according to the Hotel Association of Turkey (TÜROB). Subsidy documents worth 645.3 million Turkish Liras were obtained for the establishment of 53 new hotel projects in 27 cities, according to a TÜROB statement released on May 5.