Turkey’s Tourist Industry Collapses as 1,300 Hotels Go on Sale

‘With over 400 hotels for sale in the tourist capital Antalya, Turkey’s tourist industry has descended into one of its worst crises in history after the number of Russian tourists visiting the country dwindled and increasing terrorist attacks left the country’s security weakened, the Turkish Zaman newspaper reported.

Turkey is facing a shortfall of nearly 4.5 million Russian tourists this year, causing Turkey’s tourism industry to miss out on some $4.5 billion in lost revenues, according to Aegean Touristic Enterprises and Lodging Association (ETHICS) Chairman Mehmet Isler, as quoted by the newspaper.’

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