Inflation and Hotel Prices in Turkey in 2024
In January 2024, inflation in Turkey reached the annual level of 64.86% (according to TUIK). During this period, nightly prices in the accommodation sector continued to rise.
Latest Situation in Hotel Prices
With the increase in inflation in Turkey in January 2024, nightly prices in the accommodation sector continued to rise. Hotel room prices increased by around 140% annually.
Hotel Night Prices in Turkey
In the first month of 2024, hotel accommodation prices in Antalya increased to an average of 2.1 thousand TL. In Istanbul, hotel prices exceeded 3.2 thousand TL. In other cities, nightly prices were generally between 1.0 – 1.7 thousand TL.
SUGGESTED READING:2023 Hotel Occupancy Figures by Provinces
