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Istanmain

Istanbul dipping into luxury market with new hotel

Luxury hotel group Manadarin Oriental is to open a plush new hotel on the banks of the Bosphorus in Instanbul, adding to the credentials of the city as a decadent tourist destination.

Istanbul has a reputation as an exotic and exciting city, a clash of cultures between Europe and Asia, and a bustling metropolis just waiting to be explored. Indeed, holidays in Turkey are enjoying huge growth at present, and Istanbul remains one of the country’s premier attractions.Istan1

The new hotel, schedule to open in 2016, will take prime location on the famous river, close to the city’s financial district. It is set to become one of Istanbul’s most impressive hotels, marking the start of a new trend of luxury tourism in the country.Istan2

Turkey’s rapid economic growth of around 9 per cent per year in recent years has opened up the possibility for more luxury travel, and increasing numbers of visits from abroad. In fact, recently published figures show that Turkey’s tourism boom has reached remarkable heights, with a 38.6 per cent increase in revenue from tourism announced during the first quarter of 2013, compared to the same period last year. Visitor numbers for the period were also up 18.7 per cent, but it is the average spend per tourist that has captured the headlines, and the attention of the luxury market, with an average individual expenditure of $982 per person per visit.

As Mandarin Oriental takes the lead in providing new luxury accommodation in Istanbul, the rest of the country won’t be far behind as Turkey’s star continues to rise in the world of tourism.

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