With a booming tourism industry, Turkey's restaurant scene is flourishing. But with high competition, many restaurants struggle to survive. For F&B and FMCG companies looking to succeed in this market, having insights into the restaurant industry is crucial.

30% of restaurants fail in the first year, and 60% fail within 3 years.

Overview

When the market change quickly, having a robust modern way to track the market is crucial. We mapped Restaurants, Cafes, and Bars as well as Hotels in Turkey in a way that has never been done before.

Geographical Distribution

Geographical distribution speak for itself, Istanbul has the highest concentration of food and beverage establishment in the country followed by Izmir then Ankara, The capital.

Geographical distribution speak for itself, Istanbul has the highest concentration of food and beverage establishment in the country followed by Izmir then Ankara, The capital.

Istanbul food and beverage

Istanbul has 39 districts varying in size and popularity. 25 of those districts are on the European side and the rest are on the Asian side.

The food and beverage scene is stunning with as high as 50,000 F&B data points in the city alone.

Traffic and popularity of places

Traffic, in the context of food and beverage (F&B) establishments such as restaurants, cafés, and bakeries, refers to how popular and frequented a location is. Using data aggregated from mobile phone sensors, we’ve developed a traffic index that measures footfall intensity and customer engagement levels across various dining spots. This allows us to compare activity and liveliness between different geographic regions and commercial areas.

You don't have to be in the city center to get high traffic, there are other cozy locations that capture more people as well.

Tracking market change

Restaurants close frequently, and about 30% of the market change each year for various reasons. Tracking this change gives great benefit to food manufacturing companies as follows:

1. Identifying trends and patterns
2. Prioritization to capture rising demand
3. Forecasting demand
4. Understanding consumer behavior
5. Developing effective marketing strategies
6. Improving product development

Hotels in Turkey

Hotels in Turkey offer a lucrative business opportunity for FMCG companies. With millions of tourists visiting each year, hotels provide a consistent demand for products and attract a diverse customer base. In summary:

1. Diverse customer base: Tourists from many places globally
2. Longer stays: Hotel guests typically stay longer than restaurant customers, providing manufacturing companies with more opportunities for repeat business.
3. Brand exposure:  Products in hotels can be seen by a large number of guests, providing companies with increased brand exposure and potential customer reach.
4. Large orders: Hotels often place larger orders than restaurants, which can provide FMCG companies with increased revenue opportunities and more stable sales.
5. Less seasonal variation: Unlike restaurants, hotels typically have less seasonal variation in demand, which can provide companies with more stable and predictable sales.
6. Partnership opportunities: Hotels may partner with FMCG companies for various promotions and events, providing opportunities for cross-promotion and collaboration.

Conclusion

In the ever-evolving and competitive landscape of New York's restaurant industry, leveraging Generative AI for site selection offers a crucial, data-driven edge that can significantly boost a brand's success and longevity. Similar data-driven strategies are also proving effective in other global markets, as seen in Turkey’s 2023 restaurant insights for F&B and FMCG marketing strategies, where businesses use geospatial analytics to stay ahead in competitive regions.