Turkey’s RevPAR one of the strongest in Europe; Flexible Lira and increasing rooms see Istanbul remain as regions’ tourism hot spot
Central Asia & Turkey Hotel Investment Conference (CATHIC) February 6-8 2012, Ceylan InterContinental, Istanbul
Istanbul, Turkey December 2011: Istanbul looks poised to enjoy a period of exponential growth in terms of revenue per available room (RevPAR) and daily rate (ADR), accordingly to Jonathan Worsley, Chairman of Bench Events, co-organiser of the Central Asia and Turkey Hotel Investment Conference (CATHIC).
Reports reveal year-to-date performance up to September 2011 of ADR growth of 34 per cent and RevPAR of 29 per cent. Meanwhile, other reports suggest Istanbul is the third-fastest growing tourist destination in terms of visitor numbers, surpassing New York and Amsterdam with most visitors travelling from Saudi Arabia, Iran and UAE closely followed by the United States and Europe.
Worsley said that industry figures show Turkey as the hot spot of the region and sitting high on many ‘Top Destinations 2012’ guides.
Quoting figures by STR Global, Worsley said that the hotel infrastructure in Turkey has undergone development, with an addition of 1,868 hotel rooms since 2011.
“After a period of economic lull, Turkey is experiencing steady positive GDP growth. At the same time, the Turkish Lira’s flexibility against the Euro and US Dollar is very reassuring to the overall hospitality industry.” concluded Worsley.
The Central Asia & Turkey Hotel Investment Conference will run from February 6 -8, 2012 at Ceylan Intercontinental, Istanbul and is organised by Bench Events. The conference features a cast of speakers with knowledge and expertise in regional and international hotel development, finance, hotel branding and operations, plus sessions giving perspectives from industry analysts.
Speakers include Cevdet Akcay, Chief Economist, Yapi Kredi Bank; Denis Hennequin, President & CEO, Accor SA; Eric Danziger, President & Chief Executive Officer, Wyndham Hotel Group; Angela Brav, Chief Executive Officer – Europe, IHG; Kurt Ritter, President & CEO, The Rezidor Hotel Group; Atilla Ozturk, CEO & Board Member, ASTAY; Serdar Bilgili, Chairman, Bilgili Holding; Simon Vincent,
President - Europe, Hilton Worldwide; Roeland Vos, President EAME, Starwood Hotels & Resorts Worldwide; and Lado Sakvarelidze, Chief Financial Officer, Redix.
The event also offers various networking opportunities, as well as an exhibition. Details can be found on www.cathic.com.
Media Contact: Strategic Solutions, firstname.lastname@example.org
Sarah Azad +97150 9803810, Sarah@strategicsolutionsonline.com
Platinum sponsors BDO, Corinthia Hotels, Dedeman Hotels & Resorts International, Hilton Worldwide, Starwood Hotels & Resorts, Moroccan Agency for Tourism Development (SMIT), Marmara Collection, Wyndham Hotel Group
Gold sponsors Accor Hospitality, AECOM Design + Planning, Best Western International, Carlson & The Rezidor Hotel Group, Horwath HTL, Hyatt International, InterContinental Hotels Group, Jones Lang LaSalle Hotels, Jumeirah Group, Marriott International, Inc, Orient-Express Hotels, Premier Inn, Rixos Hotels, Servotel Corporation, The Rezidor Hotel Group, T&T Consulting, WATG
Media partners Destinations of the World News, Europaproperty, Global Hotel Network.com, Hotel Analyst, Hotel Management, Hsyndicate, Hurriyet Daily Travel News, Istanbul Deluxe, Oxford Business Group, Sleeper Magazine
Supporters International Tourism Partner (ITP), EHL, World Toursim & Travel Council (WTTC), Cornell School of Hotel Administration, Turkish Investors Association (TYD), EMITT
NOTE TO EDITORS:
Central Asia and Turkey Hotel Investment Conference (CATHIC) - February 6th - 8th 2012, Ceylan Intercontinental, Istanbul. To register to attend this event, and for details of the conference programme, please visit www.cathic.com
CATHIC is co-organised by Bench Events and Questex Media, who also organise the Russia and CIS Hotel Investment Conference, Arabian Hotel Investment Conference, International Hotel Investment Forum Asia Pacific and the International Hotel Investment Forum Berlin.
About the Turkish Tourism Investors Association
(Türkiye Turizm Yatırımcıları Dernegi -TYD)
Established in 1988, TYD is a private, non-governmental association comprising the principal tourism investors in Turkey. TYD members represent two thirds of all private investment in tourism in Turkey. The organisation’s objectives include increasing Turkey’s share of the global tourism industry, bringing together entrepreneurs who wish to invest in the tourism sector, and promoting the importance of the tourism sector to the Turkish economy to a wide audience. TYD members represent two thirds of private investment in tourism in Turkey and the organisation works with government and non-governmental organisations in furthering its objectives. For further information, please visit www.ttyd.org.tr
About Bench Events
Bench Events has a long track record in hosting the premier hotel investment events in Europe and the Middle East. Bench Events’ Chairman, Jonathan Worsley, is one of the organisers and founders of the highly successful International Hotel Investment Forum now in its fourteenth year (www.berlinconference.com). In 2005, he was responsible for launching the Arabian Hotel Investment Conference in Dubai (www.arabianconference.com); in 2008 launched the Russia & CIS Hotel Investment Conference (www.russia-cisconference.com) and in 2011 will premier the Central Asia and Turkey Hotel Investment Conference (www.cathic.com). Bench Events’ sister company, JW Bench, is a benchmarking company that has successfully launched the Conference Bench and the Productivity Bench. An industry first, the Conference Bench, measures performance data for conference and banqueting space in hotels 10 cities throughout Europe and the Middle East. www.benchevents.com
About HotelWorld Network – Questex Media Group LLC
The HotelWorld Network encompasses a series of publications and live events that provide news and networking to the largest group of hospitality professionals in the industry. HotelWorld Network delivers hotel industry news through its print publications Hotel & Motel Management and Hotel Design magazines in addition to its innovative breaking-news portal www.hotelworldnetwork.com. The HotelWorld Network also offers cutting-edge educational content and valuable networking opportunities via its International Hotel Investment Forum (IHIF) Berlin, IHIF Asia Pacific, Russia & CIS Hotel Investment Conference, Distressed Hotels Summit, Central Asia & Turkey Hotel Investment Forum, HotelWorld Asia, and transform: design differently.