Business Travel Boosts Istanbul’s Luxury Hotel Industry
Businesses in the tourism sector in Turkey are starting to see their momentum pick up again, and this time there is great interest in Istanbul’s luxury hotels lined up along the Bosphorus.
The metropolis, which is one of the most popular cities in the world, has become the center of attention for wealthy tourists.
The increase in the number of vaccinations, the resumption of the travel movement and the acceleration of global business tourism have fueled interest in the city.
Tourism movement in the upper segment group has accelerated since July, with demand peaking this month. The occupancy rate of hotels in the city’s luxury segment has reached 100%. Room prices at these luxury hotels start at 600 euros ($ 700) per day and go up to 35,000 euros for the more upscale suites.
Emphasizing that there is a demand for all types of rooms, tourism professionals claim that “Istanbul is one of the tourist centers of the world. the pandemic has also accelerated business tourism. “
Russia and the rest of the Commonwealth of Independent States (CIS) are the main countries that prefer these hotels, followed by the Middle East and Latin America.
The Bosphorus, a favorite spot for luxury hotels in Istanbul, is also the center of new investment. Mandarin Oriental has become one of the latest brands added to the Bosphorus line, where other brands such as Çırağan Palace Kempinski, Shangri-La and Four Seasons have claimed.
Mandarin Oriental Bosphorus, one of the most luxurious brands in the Far East, has managed to become one of the favorite destinations for domestic and foreign tourists in just one month. Despite its new opening, the hotel’s occupancy rate has already reached 100%. According to information obtained, the hotel, where Russians, Qataris and Americans are showing great interest, even has a room at 35,000 euros a night.
The Çırağan Palace Kempinski Istanbul is also a top choice for wealthy tourists. Ralph Radtke, general manager of the hotel, said they had never closed their hotels since the start of the pandemic process. “Today we have recorded a significant increase with the reduction in travel restrictions and above all with the positive effect of the deployment of the vaccine,” he said. “We are now close to the figures for 2019.”
Explaining that they are particularly preferred by vacation travelers during the summer months, Radtke added, however, that the demand for business travelers is increasing.
This is a high demand for the famous Sultan Suite, Radtke said. “The Sultan Suite, which costs 30,000 euros per day, is full for more than 10 days. Even this example alone will give an idea of the profile of luxury clients traveling to Istanbul. “
Noting that Americans and Russians are among the top tourists who prefer their hotels, Radtke noted that they are followed by Turkish customers.
Raffles Istanbul, which came third in Conde Nast Traveler Readers ” World’s Best Hotels ‘list and # 1 in Conde Nast Traveler Readers’ list of ’20 Best Hotels in Turkey and Greece’, is also a favorite of wealthy tourists.
Burak Unan, deputy general manager of Raffles Istanbul, said room occupancy rates have trended upwards since July and hit over 80% in October, adding that daily room prices start at 600 euros. .
“The daily price for our king suite is 25,000 euros,” he also informed, adding that it is currently booked.
“The increase in vaccination, the start of the travel movement and especially the revival of business tourism have had a positive impact on hotels. 30% of our customers are business travelers, ”Unan said.