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Wednesday, June 30, 2010

Turkey loses $400m from Israeli tourist cancellations

From Hurriyet Daily News (Turkey):
The Turkish tourism industry has been seriously affected by the recent tension between former allies Turkey and Israel. The Turkish economy has lost at least $400 million due to reservation cancellations from Israeli tourists, according to tourism agencies.

Some 50,000 Israelis have cancelled their reservations indefinitely. Furthermore, the Israel Travel Agents Association has announced that it cancelled 100,000 reservations out of a total of 150,000.

Levantin Tour, a tourism company has posted a 3.5 million Turkish Liras loss due to cancelled reservations, according to the owner of the company, Levent Güner. Levantin Tour has been bringing tourists from Israel to Turkey for the past 15 years.

“Our company’s main business channel has been cut,” Güner said. “Who will retrieve my 3.5 million-lira loss?”

Levantin Tour had aimed to bring 17,000 tourists from Israel to Turkey this year, said Güner, adding that until now the company was unfortunately only able to bring 200 tourists. The company has paid $1.1 million to hotels for cancelled reservations.

Turkey has suffered a minimum $400 million loss because of this situation, Güner said. “An Israeli tourist spends $650 on average. The number of tourists spending that much money is very low. Some tourism agencies have gone bankrupt due to this situation,” he said.
All together now: Awwwww.

(h/t Daily Alert)