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Istanbul Airport Traffic Jumps 96% in Q1 – Seven Star Hotel on the Way

Posted on 15 April 2010

Passenger numbers through İstanbul’s Sabiha Gökçen International Airport jumped by 96 percent in the first quarter of 2010 from the same period a year earlier, the airport operator said on Thursday.

Gökhan Buğday, CEO of ISG – the operator of the second airport in Turkey’s largest city — told a news conference that the total number of passengers using Sabiha Gökçen reached some 2.2 million in the first three months of the year.

There has been a lot of this kind of news for the first quarter, but it is usually followed by what an abysmal year 2009 was. Not in this case though, because traffic through Sabiha Gökçen increased by 52 percent in 2009 up to 6.6 million.

Turkey’s air traffic grew in recent years despite the economic crisis, said Buğday, adding it is expected to continue to grow in the coming three or four years.

It is little wonder that Istanbul is to receive a new seven star hotel, courtesey of the Shngri-la Luxury Hotel Group. The 14-storey Hotel, which is being built by Tanriverdi Holdings is to be located beside the Dolmabahce Palace on the banks at the Bosporus shores. The hotel is creating a stir not only because it is 7 star, but because 7 of the 14 storeys are to be below sea level.

News like this is just what the Turkish property and Istanbul property markets need going forwards, as they will continue to increase confidence in the market and in its growth potential.

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