As many as 1,318 hotels have been put up for sale along the Aegean and Mediterranean coasts after Russian sanctions along with security concerns hit Turkey’s tourism industry hard, Turkish newspaper Zaman reports.
The Mediterranean resort of Antalya has the highest number of tourism facilities – 410 – that are listed for sale, followed by the provinces of Mu?la, which has 349 for sale; ?zmir, 203; Ayd?n, 162; Bal?kesir, 139; ?anakkale, 35 and Denizli, which has 20 in total listed.
The total sale price of the 410 hotels in Antalya amounts to TL 30 billion, while the remaining 908 have sale prices of a total of TL 8.8 billion.
On the brink of bankruptcy
Denizli Colossae Thermal Chairman Abdurrahman Karamanl?o?lu said a number of hotels in resort towns were left on the brink of bankruptcy after Russia imposed sanctions against Turkey after the latter downed a Russian warplane in November last year.
“We talk the realities but officials put a brave face on the issue. We have been heavily affected from the jet crisis. Especially the hotels in Antalya; being closed for the last four months, most of those are on the verge of bankruptcy,” Karamanl?o?lu said.
Nearly two months after Russia advised its citizens to cancel their visits to Turkey, an Islamic State in Iraq and the Levant (ISIL) militant blew up himself and 10 tourists; most of whom were German, in central ?stanbul earlier this month, adding more turmoil to an already stagnant industry.
Russians and Germans represented the two largest groups of nationalities that visited Turkey in 2014. Turkey’s tourism revenues fell 8.3 percent to $31.46 billion in 2015.
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