The Association of Tourism Academics of Turkey (TUADER) prepared a report to identify the impact of the daily rental housing market on tourism. As a result, Turkey counted the number of alternatives to hotels for tourists and was surprised: according to the report quoted by the Turkish media, the country came out on top in terms of the rate of increase in the supply of daily rental housing in two years, showing growth of almost 100%, more precisely, in 97%
As experts reported, a total of 110 thousand 857 houses are used in the country for rent and daily rent. According to this indicator, Turkey ranks 14th. At the same time, according to the growth of the demand itself and the number of daily accommodation reservations, Turkey also took silver, and the country that is no less popular among tourists was among the leaders. Thailand is in first place with 64%, while Turkey is in second place with a growth of 63%.
“According to Statista’s 2023 report, the daily rental market worldwide is expected to reach $1.02 trillion in revenue this year. And in 2027, the turnover will reach a market volume of $1.29 trillion,” the Turkish press also quotes research.
Of course, “organized” hoteliers are categorically against such funds “flowing” from their hands. We would like to remind you that the decree of the Turkish Ministry of Tourism regarding Airbnb and other apartment rental services should come into force in October.
At the moment, the proposal is presented to the Grand National Assembly of Turkey – and after approval will become law, “Legal regulations for Airbnb will appear in October. Not everyone who wants to use their house as a place to rent to tourists will be able to use it in this capacity,” experts assure. Illegals are expected to be fined 1 million liras.