Hotel prices surge 25% ahead of Bayanlar Holiday

Quick summary

Hotel prices in Turkey rise by 25% as the Bayram holiday approaches, with 10 million people expected to travel during the coming nine days. Sharp increases in accommodation costs reflect broader inflationary pressures on the Turkish economy.

Why it matters

If you are planning to travel to Turkey during Bayram, expect to pay a quarter more for hotel rooms than anticipated, which could blow your vacation budget. The inflationary pressures driving these increases will continue to bear on the travel and tourism sector in the coming weeks and months.

Key takeaways

• ›Hotel prices have risen 25% ahead of the Bayanlar Holiday, according to Cumhuriyet newspaper.
• ›Around 10 million travellers are expected during the nine-day holiday, driving projected tourism revenues to 180 billion Turkish lira.
• ›Rising operational costs and broader inflationary pressures are squeezing travellers' budgets, with no near-term relief forecast for the sector.