Türkiye is targeting two billion US dollars in direct economic activity from the United Nations climate summit underway in Antalya, with the wider economic contribution projected to reach four billion US dollars, providing an early indication of the commercial opportunities and infrastructure requirements facing Ethiopia as it prepares to host COP32 in 2027.

The 31st Conference of the Parties (COP31), which opened on November 9 and runs until November 20, is expected to attract more than 60,000 participants, including government delegations, business executives, international organisations, civil society representatives and journalists.

Turkish Environment, Urbanisation and Climate Change Minister Murat Kurum said the conference could generate approximately two billion US dollars in direct economic activity, while its total economic contribution could reach between three billion and four billion US dollars when broader effects on the economy are included.

The projections cover spending associated with accommodation, transportation, hospitality, conference services and related commercial activities. They represent anticipated economic activity rather than revenue already collected or net earnings for the Turkish government.

Antalya, one of Türkiye's largest tourism destinations, is drawing on its established hospitality infrastructure to accommodate the influx of international visitors.

Approximately 66,500 rooms across 305 accommodation facilities have been identified as part of the city's conference accommodation capacity, while around 250 hotels are participating in official accommodation arrangements.

The available figures do not establish how many rooms have been booked or will ultimately be occupied by COP31 participants.

Hotel prices have increased substantially during the conference period.

Hospitality market intelligence company Lighthouse reported that average standard hotel room rates reached 268 US dollars per night during the opening week, compared with 239 US dollars during the second week.

Across the two-week conference period, average room rates were 92 percent higher than Antalya's annual average for 2026 and 119 percent above prices recorded during the corresponding period in November 2025.

Five-star properties recorded price increases averaging 108 percent above their annual levels, while three-star hotels registered increases of approximately 61 percent.

An accommodation search conducted before the conference found 4,815 rooms available across 75 properties within 30 kilometres of the venue for November 9–15. Of those, 1,921 were in five-star hotels, accounting for nearly 40 percent of the remaining inventory.