Dubai PR Network, Online Press Release from Dubai and Middle East
(Travel & Tourism)
Filter PR by
CATHIC Speakers See Turkey's Tourism Potential on Par with BRIC States

The Turkey & Neighbours Hotel Investment Conference (CATHIC)
May 29-30 2013, Marmara Taksim, Istanbul
ISTANBUL (May 21, 2013) – Turkey's tourism potential is coming on par with that of the much-promoted BRIC states – Brazil, Russia, India and China – encouraged by a forecasted 45 per cent annual growth in gross domestic product during the next five years, according to Daniel Thorniley, president of DT-Global Business Consulting GmbH.

Thorniley is set to further address the topic at the upcoming CATHIC (Turkey & Neighbours Hotel Investment Conference) scheduled for May 29-30 in Istanbul.

Another CATHIC speaker, Şenay Azak-Matt of Aareal Bank AG, pointed to development opportunities in Istanbul and cities in the country's Anatolian region.

“Istanbul in particular is attractive for hospitality developers, as past figures prove that despite the financial crisis, hotel performance is still positive,” he said.

Ömer Isvan, president of Servotel Corp., who also will speak at CATHIC, observed that challenges in developing hotels in popular cities include land costs, especially for standalone, ground-up projects.

“The intricate zoning and building permit procedures also require substantial patience and perseverance,” he said. “The process may hinder some of the creativity and leadership elements that we would normally wish to incorporate into the development.”

Isvan, together with regional and international experts at CATHIC, will discuss the opportunities of cross-segment development while balancing brand standards with customer expectations and achieving successful return-on-investment.

Yalin Yaltirakli, development director for InterContinental Hotels Group in Turkey and a CATHIC speaker, said his company's strategy is “to grow where we can, delivering the right type and level of business to ensure that our owners are successful.” The company has been making investments in Turkey intended to drive delivery into regional cities.

“It's vital that the hotel brand is right for the location,” he said. “Everyone loves a five star hotel, but we see a great opportunity for strong returns on investment with our midscale hotel brands in Turkey.

“Holiday Inn and Holiday Inn Express have a great deal of potential in this market. Our collective history to date in creating branded hotels gives us experience we can draw on to advise a potential investor on the best brand for a particular market.”

CATHIC speakers represent expertise in regional and international hotel development, finance, hotel branding and operations. Speakers also include Marty Kandrac, managing director, Blackstone; Eric Danziger, president & chief executive officer, Wyndham Hotel Group; Geoffrey Breeze, executive director, World Travel & Tourism Council; Angela Brav, regional chief executive officer, Europe, InterContinental Hotels Group; Wolfgang Neumann, president & chief executive officer, The Rezidor Hotel Group; and Mehmet Önkal, Managing Partner, BDO.

CATHIC is co-organised by Bench Events and Questex Media, which also manages the Russia and CIS Hotel Investment Conference, Arabian Hotel Investment Conference, International Hotel Investment Forum Asia Pacific and International Hotel Investment Forum Berlin.

Posted by : Dubai PR Network Editorial Team
Viewed 17287 times
PR Category : Travel & Tourism
Posted on : Tuesday, May 21, 2013  1:43:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of
Previous Story : Elaf Group receives Best Travel Agency and Excellence in Ser...
Next Story : Enjoy the Ultimate Luxury with Bargain Summer Packages at Ta...
Email this article Print this article

Share this article with your friends and followers
Back to Section Home

Related Stories

Most Viewed Press Release posted in the last 7 days
Chloé's Iconic “Carlina” Sunglasses In a Precious New Interpretation [8369-Views]
Holiday Hair-Styling Essentials from VIERRO [5362-Views]
Luxe Beauty Gifts for your Loved Ones this Festive Season [5045-Views]
'Tis the Season to Be Glamorous - Beauty Essentials from! [4697-Views]
Arabic version of Zoho Creator launched to help businesses create custom applications [4575-Views]
Homegrown Jewellery Brand Sumaya Bakkar Collections Curated Festive Gift List [4520-Views]
Your Holiday Gift Guide for Her [4386-Views]
Union Coop Pays Tribute to the Martyrs on Commemoration Day' [4313-Views]
Berkan Steakhouse Launches in Dubai [4282-Views]
ENEC Releases 'Tasamoh' a Rehabilitated Green Turtle and organizes Beach Cleanup at Barak... [4002-Views]
China Homelife the Largest China Sourcing Platform Set to Showcase a Wide Variety of Produ... [3727-Views]
Dubai Cares' Volunteers bring hope to children in remote village in Senegal [3587-Views]
New year, New You with Lunette [3416-Views]
Dubai Festival City Mall Visitors In for A Jolly Festive Season Like No Other in Dubai [3392-Views]
Uncovering the Beauty of Mechanics' [3318-Views]
Cole Haan Makes Its Debut at Sole Dxb 2019 Showcasing Footwear Collaborations [3312-Views]
Customs World inks MoU with Indonesia to roll out World Logistics Passport [3276-Views]
Emotional and highly dynamic: the design of the MINI John Cooper Works GP. [3251-Views]
The Middle East Organic Market's Premiere Business Event Opens In Dubai [3123-Views]
Statement Cardigans [2989-Views]
GROHE received the “Red Dot: Brand of the Year” [2983-Views]
Free gold coins at Malabar Gold & Diamonds Festival. [2910-Views]
Set Up Stylish Outdoor Spaces with 2XL Furniture & Home Décor [2861-Views]
Best Menswear Items [2849-Views]
NYU Abu Dhabi Class of 2017 graduate Alioune Fall named as 2021 Schwarzman Scholar [2806-Views]
RSS Facebook Twitter LinkedDin
Top Sections
Top Stories