We have completed the first phase of renovation at the hotel in Taksim. The entrance, lobby, restaurant, bar, chocolate shop, and grand ballroom have been completed. We are now continuing with the spa and fitness areas. The final phase will include all rooms.
Our Taksim location is a landmark—it's right in the center of the city and we work with various different nationalities. We try to keep a balance of 60% corporate and 40% leisure business. We have a total of 19 meeting rooms together with our grand ballroom and another 450-sqm ballroom.
Our primary source is still Turkey. However, our most promising markets are Germany followed by the US and UK—plus, we receive a lot of business from the Far East. In 2012 it has already increased by 35% compared to 2011.