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Thousands of Turkish hotels face bankruptcy as Russian sanctions bite dictator Erdogan in the ass

The Turkish daily Today’s Zaman reports:

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.

The Mediterranean resort of Antalya has the highest number of tourism facilities — 410 — that are listed for sale, followed by the provinces of Muğla, which has 349 for sale; İzmir, 203; Aydın, 162; Balıkesir, 139; Çanakkale, 35 and Denizli, which has 20 in total listed.

Denizli Colossae Thermal Chairman Abdurrahman Karamanlıoğlu 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,” Karamanlıoğlu said.

 

Written by Alex

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