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Hotel and Restaurant Industry in Turkish Economy

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Hotel and Restaurant Industry in Turkish Economy
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 Turkish economy. Historical backgrounds of both sectors were handled and their development processes have been observed while the contribution of Hotels and Restaurants in both international and local economy have been proved by statistics and charts.
The hospitality industry is the combination of companies with food services, accommodations, recreation, and entertainment sectors.The industry depends on the availability of peoples’ leisure time and disposable income and worths several billion dollar industry. Thus, the contribution to prosperity creation and financial development for a country cannot be ignored. The hospitality industry covers hotels and restaurants. These service sectors are highly related to each other that increase demand in tourism will lead to development and improvement of hotel and restaurant sector.

2. Tourism Impacts on National Economy

Due to its location and other characteristics, Turkey is one of the most tourism-oriented destination in the world and tourism is considered as one of the most important driver behind Turkey’s economic development. In 2009, including the travel sector, tourism generated 95.3 TL billion of economic activity (approximately 10.2% of Turkey’s GDP) and has the


References: http://www.deloitte.com/view/en_GX/global/index.htm http://www.maliye.gov.tr/Sayfalar/AnaSayfa.aspx http://www.invest.gov.tr/tr-TR/Pages/Home.aspx http://basin.kultur.gov.tr/basinodasi-edergi/2002-2011/index.html http://www.treasury.gov.tr/irj/portal/anonymous?guest_user=treasury http://www.articlesbase.com/strategic-planning-articles/hospitality-industry-in-turkey-163300.html http://dsg.colliers.com/document.aspx?report=1861.pdf
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