A Comparative Study and Assessment of Investments in the Hotel Industry in Iran and Turkey (1992-2011)

Investment in the hotel industry, if not the largest, but is one of the most profitable activities in many countries is considered. Comparison of hotel industry with successful countries in the field of tourism and hotel shows a huge gap. In this study the method of GMM, Using time series data from 1992 to 2011 to investigate the factors influencing investment in the hotel sector and Iran and Turkey in the field are compared with each other. The results indicate that GDP and enter the number of passengers and tourists in Iran and Turkey the most important development of the two countries are investing in the hotel industry. The results also indicate The increase of tourists, not only in these two countries, both countries have an increasing impact on the hotel industry, rather, the increase of tourists entering the country Lead to increased investment in the hotel industry in Turkey is higher. Based on exchange rates in both countries are increasing investment in the hotel industry. Swelling of the main factors negatively affecting increasing investment in the hotel industry of the two countries, Turkey and Iran.