Istanbul, Turkey - Market Snapshot
This market snapshot is part of a series of articles that HVS is producing every month on a series of key markets. In writing these articles we aim to combine the market expertise of HVS with STR Global data for each key market. Our analysis for this market is based on data for a sample of 37 mainly branded properties as provided by STR Global. These properties represent the branded supply in the city. We note, however, that the majority of hotels are operated independently and most of the total stock are unbranded. Their performance can thus be different from the picture presented herein.
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