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War weighs on Turkey's tourism: Antalya hotel prices fall 5%, Muğla 8%
Middle East uncertainty is pushing tourists to delay bookings, while Istanbul bucks the trend with a 5% price increase.
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YA
Yusuf Al-Saadi
· 2 min read
Hotel accommodation prices in Antalya fell 5% during the August–October season compared to last year, while the decline in Muğla — which includes Bodrum, Marmaris, and Dalaman — reached 8%, amid escalating fallout from the Middle East conflict on Turkish tourism bookings, according to the Financial Times.
Hotels are lowering prices to fill vacant rooms as tourists postpone booking decisions to dates closer to their departure, driven by regional uncertainty. Price pressures are concentrated specifically in coastal areas, while Istanbul moved in the opposite direction, posting a 5% increase over the same period.
Across the region, hotel prices in Cyprus fell 4%, and in Egypt — which recorded strong growth last year — 10%. By contrast, the Greek islands, Italy, Spain, and Croatia held their price levels or saw increases.
Sources — how we know this
- PrimaryEkonomim (Dünya)
