Hotel and Restaurant Industry in Turkish Economy Essay

Words: 2249

Pages: 9

Open Document

STRUCTURE OF TURKISH ECONOMY
HOTELS AND RESTAURANTS

1. INTRODUCTION 2. Tourism Impact on National Economy 3. Impacts of Hotel and Restaurant Industry on National Economy 4. Hotel and Restaurant Industry
4.1. Hotel Industry
4.2. Historical Background of Hotel Industry
4.3. Investments in Hotel Industry in Turkey
4.4. Evaluation of Hotel Industry
4.5. Restaurant Industry
4.6. Historical Background of Restaurant Industry
4.7. Investments in Restaurant Industry in Turkey 5. S.W.O.T Analysis for Hotel and Restaurant Industry 6. CONCLUSION 7. REFERENCES

1. Introduction

The aim of this research is to provide information about Hotels and Restaurants on tourism industry as well as its contribution to …show more content…
Table 3 : Local Hotel Companies in Turkey
Source : Colliers International Turkey

5.2. Historical Background of Hotel Industry

On a historical basis, hotels have taken many forms other than its accomodating alternatives like serving as business exchanges, focal for social activities, decoratic showcases, vacation destinations and also permanent residences.
In Turkey, international hotel chains entered the market in 1955 with the opening of Harbiye Hilton Hotel. Thus, several investments on local and few international hotels have been established between 1955 and 1985 by many companies. Also, the incentives which were provided for tourism investments and land allocations during 1985 has vital contributions for these investments. With entrance of these hotels into Turkish market, it has gained speed rapidly.
Today, it is possible to see the greatest hotel chains in Turkish market and they are also competing with each other. Many hotel companies which serve as boutique hotel operators, are thinking of Turkey as an appropriate market and seeking advantage to establish projects in Turkey.

5.3. Investments in Hotel Industry in Turkey

Due to its economic

Tourism Assignment Essay

and experience unlike anything you’ve ever seen. Pannys makes the finest and most delectable treats, with more than 190 different varieties. Naturally dominated by chocolate, but also including such delectable as a choc dipped bananas, rocky roads, Turkish delight and ginger. Grab a basket and become a kid in a chocolate shop once again. The cost for this would be $130 per person. DAY 3 (YARRA VALLEY): Visit the Yarra Valley and Dandenong Ranges to experience world-class food and wine, and spectacular…

Words 1043 - Pages 5

Tourism Destination Essay

statistics Mallorca was the Spanish tourist resort that registered the highest number of overnight hotel stays last year, with 41.6 million, new National Statistics Institute estimates reveal. Almost six and a half million tourists visited the island during 2011, of which 5.5 million were foreign residents. They were expecting British and German tourists; this country’s was the strength of this island economy. In 2010, volume of reservations for package tours was similar with 2008. With 288 million overnight…

Words 2359 - Pages 10

Essay on TD FOR UPLOAD

the other refers to the place visitors are coming from. THREE LEADING TOURISM GENERATORS AND CONTRIBUTORS OF THE WORLD 1. UNITED STATES 2. SPAIN 3. FRANCE United States: While tourism is not the only industry in the States that generates money for the economy, it contributes greatly to its economy. In 2011 for example, expenditures by international visitors generated sales of about $153 billion and also a trade surplus of nearly $43 million. The U.S leads in international travel and tourism exports…

Words 4621 - Pages 19

The Banyan Tree: Branding the Intangible Essay

The Banyan Tree: branding the intangible Jochen Wirtz Jochen Wirtz is an Associate Professor of Marketing and Academic Director of the UCLA – NUS Executive MBA Program at the National University of Singapore, Singapore. Banyan Tree Hotels and Resorts had become a leading player in the luxury resort and spa market in Asia. As part of its growth strategy, Banyan Tree had launched new brands and brand extensions that included resorts, spas, residences, destination club memberships, retail outlets…

Words 5077 - Pages 21

Essay on International Trade and Countries

Linkages Learning Objectives and Chapter Summary 1. ASSESS the implications of globalization for countries, industries, firms, and communities. Globalization—the process of increased integration among countries—continues at an accelerated pace. More and more companies—including those from developing countries—are going global, creating opportunities and challenges for the global economy and international management. Globalization has become controversial in some quarters due to perceptions that…

Words 6577 - Pages 27

Essay on Ms Miss

UNIT 11 Investigating the Cruise Industry INTRODUCTION TO THE UNIT Cruising is one of the fastest-growing industries in the travel and tourism sector, offering a wide variety of job opportunities to people from all backgrounds who want to see the world while they work. Cruising has a very glamorous image and has long been considered an expensive way to travel and explore destinations. However, the cruise industry is changing rapidly – new companies have entered the market and offer cruises at…

Words 3360 - Pages 14

Pest Analysis (Netherlands) Essay

economic future of the Netherlands and scenarios of withdrawal from financial crisis will be depended on the new government. (see Appendix 1, event 3) 3. Economic Risk Factors 3.1 The Real Sector The Netherlands has one of the most advanced economies in the world, which is modern and diversified, with institutional strengths in the sphere of legal framework and impregnability of property rights. Exports and imports account more than 60 % of nominal GDP. Strategic geographic position and a small…

Words 7217 - Pages 29

Factors of Customer Loyalty in Banking Industry Essay

1.1 Introduction Banks are playing a very important role in the economic development of a nation. The healthiness of the economy is directly connected to the soundness of its banking system. The role of banks has placed them as a very valuable partner in the process of economic development. Nowadays, banks are very useful for the utilization of the assets of a nation. If there would be no banks then a large segment of assets in the country would stay idle. It is possible to attaining long-term…

Words 13431 - Pages 54

Business Journalism in India Essay

Business and Magazine Journalism (combination of Niche I and II) 1 Growing importance of business journalism, a brief history (2) 2 The structure of financial management in the country starting with the Finance Minister, (5) rest of the bureaucracy, RBI governor, Planning Commission, SEBI, Banking sector 3 The Budget preparation and presentation, factors influencing the annual budget, role of (5) subsidies and foreign exchange reserves 4 Companies, balance sheets, AGMs window dressing…

Words 26083 - Pages 105

An Introduction to Intercultural Communication Essay

An Introduction to Intercultural Communication Intercultural communication is of importance to international businesses as it examines how people from different cultures, beliefs and religions come together to work and communicate with each other. Demands for intercultural communication skills are increasing as more and more businesses go global or international. They realize that there are barriers and limitations when entering a foreign territory. Without the help of intercultural communication…

Words 29173 - Pages 117