TU

Press Release

18 Nov 2011

Tourism set to play catalyst in Turkey

Tourism set to play catalyst in Turkey’s growth

Investors in Turkey hungry for market information

Tourism sector in Turkey remains ripe and untapped 

Central Asia & Turkey Hotel Investment Conference (CATHIC)

February 6-8 2012, Istanbul

www.cathic.com

Istanbul, Turkey November 2011: The outlook of the Turkish tourism industry is more buoyant than ever, with an increasing number of international and local hotel companies investing in the sector, said Jonathan Worsley, Chairman of Bench Events, co-organiser of the Central Asia and Turkey Hotel Investment Conference (CATHIC), to be held in Istanbul from February 6-8 2012.

 

“It is the ideal time to invest in Turkey’s hospitality sector with international tourist arrivals expected reach 33 million by 2012[1]. Indeed, more than 1.4[2] million Arab visitors are recorded so far this year.”

 

Figures reveal that the tourism sector is currently contributing 11 per cent year on year economic growth, with Istanbul seeing a 30 per cent increase in tourist revenue for 2011. Worsley noted that this sets the pace for Turkey to achieve its goal of welcoming 70 million tourist arrivals by 2023 - the 100th Anniversary of the Republic.

 

Meanwhile, Mehmet Önkal, Managing Partner, BDO Hospitality Consulting in Turkey warned that investment in the sector is crucial.

 

“One of the key drivers of sustainable development is the consistent flow of investment and Turkey is lucky as it does not face the same challenges with financing as other markets.  There does however need to be a more strategic drive that appreciates the needs of the market, as well as recognition of the unique requirements of a hotel development, as opposed to other asset classes.”

 

Önkal said that Turkey is at the beginning of a property boom and that investors and stakeholders have yet to fully identify and utilise the investment opportunities presented by the tourism and hospitality sector, proven to be a catalyst for economic growth.

 

Worsley said that the upcoming CATHIC will address both the opportunities and challenges, specifically those related to the availability of capital. “We will be joined by representatives from major Turkish banks and will discuss hotel financing structures and lending criteria, as well as issues involved in ensuring properties provide long term return on investment for owners”.

 

The conference programme includes speakers with knowledge and expertise in regional and international hotel development, finance, hotel branding and operations, plus sessions giving perspectives from industry analysts.

 

Key speakers at CATHIC 2012 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.

 

In addition to the conference programme, CATHIC offers various networking opportunities, as well as an exhibition.  Delegates will have ample opportunity to meet other participants, discuss opportunities and to do business. 

-Ends-

 

Media Contact: Strategic Solutions, media@strategicsolutionsonline.com

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 Hotels & Residences, 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, 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 Yat?r?mc?lar? 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.