Five-star fever risks hotel glut in Istanbul
SINAN TAVSAN, Nikkei staff writer
ISTANBUL -- One of the world's most popular travel destinations, Istanbul is seeing a flurry of new luxury hotels popping up. While the rush speaks to the city's pull among holidaymakers and international conferences, some observers say a glut is in the making. Room rates at posh establishments are already falling due to the sheer volume of rooms available
More:Tourism in Turkey: Five-star fever risks hotel glut in Istanbul- Nikkei Asian Review
