‘Now in shambles’: Turkey’s tourism revival fades on Russian war
Al JazeeraThe projected low number of Russian tourists is a major cause of concern for Turkey’s vital sector amid ongoing economic crises. Reports from earlier this year declared that Russians saved Turkey’s tourism industry in 2021 after it was trying to rebound from the first year of the coronavirus pandemic. Yorulmaz said two million Russian tourists would not be enough given as of late last year, it forecast six million Russians vacationing in Turkey throughout 2022. “First, even two million Russia tourists could be too optimistic given the massive decline in Russian spending power and mounting difficulties for Russians accessing credit cards,” Attila Yesilada, an analyst at Global Source Partners, told Al Jazeera. “My calculation is assuming zero Ukrainian tourists and a small number of Russians could cost Turkey $3-4bn in tourism revenues.” “The employment and value-added losses will be significant.