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Turkey - one of 2012’s fastest growing CEEMEA markets
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FDI reaches record $10b annually
The Turkey
& Neighbours Hotel Investment Conference (CATHIC)
May 29-30
2013, Marmara Taksim, Istanbul
Prospects
for foreign investment in Turkey’s burgeoning tourism and hospitality sector
will be under the spotlight at the upcoming The Turkey & Neighbours Hotel
Investment Conference (CATHIC) to be held in The Marmara Taksim, Istanbul,
29-30 May.
During the last decade, foreign investment in Turkey’s
tourism and hospitality industries reached record levels, averaging close to
US$10 billion per year and Prime Minister Recep Tayyip Erdogan is quoted as
saying that the country will soon be among the top recipients of foreign direct
investment, much earmarked for infrastructure improvements.
Trevor Ward, Managing Director, W Hospitality Group |
Daniel Thorniley, president of DT-Global Business
Consulting GmbH, a Vienna-based consulting company that focuses on business
strategy in global and emerging markets, believes the region will provide
foreign investors with huge opportunities across all lodging categories. He is
a keynote speaker at CATHIC and will discuss how Turkey and its neighbours have
maintained a positive outlook, creating an attractive base for foreign
investment despite Europe’s economic slowdown.
Another CATHIC speaker, Ömer Isvan, president of
Servotel Corp., a Turkish-based consulting firm specialising in hospitality and
real estate projects, is also optimistic about Turkey’s tourism and hospitality
sectors.
“Unlike most of the top 10 tourism countries in the
world – apart from China – Turkey's natural tourist assets outside of the
Antalya coast are still largely untapped,” he said. “This provides the
potential for substantial growth representing real numbers in increased
traffic.
“Figures shows that even if the country’s growth stays
on par with the average worldwide pace of 3.9 per cent per annum for the foreseeable
future, some 12,000 rooms additional hotel rooms would be needed each year at
full occupancy or around 20,000 at average occupancy, without accounting for
the equally healthy growth in domestic tourism,” Isvan said.
He cited competitive labour costs, a young workforce,
the competence of construction trades and real estate value, all of which make
Turkey attractive to outside hotel investors.
Trevor Ward, managing director of W Hospitality
Group, a hospitality consulting firm based in Lagos, Nigeria, said Turkey
is attracting a cross section of inbound travellers including those for
including business, leisure, meetings, incentive travel, events, religious,
medical, adventure and extreme sports.
“Outside of the main centres, notably Istanbul and
Ankara, there are cities lacking branded hotels and therein lay investment
opportunities,” he said.
CATHIC’s speaker lineup features expertise in regional
and international hotel development, finance, hotel branding and operations.
The event also will feature sessions offering perspectives by industry experts
including Marty Kandrac, managing director, Blackstone; Eric Danziger,
president & chief executive officer, Wyndham Hotel Group; Geoffrey
Breeze, executive director, World Travel & Tourism Council; Wolfgang
Neumann, president & CEO, The Rezidor Hotel Group; and Mehmet Önkal,
managing partner, BDO.
CATHIC is organised by Bench Events and Questex Media,
which also manages the Russia and CIS Hotel Investment Conference, Arabian
Hotel Investment Conference, International Hotel Investment Forum Asia Pacific
and International Hotel Investment Forum Berlin.
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