What will the cost of Ukrainian war be for Turkey’s tourism sector?
It was stated that the Ukrainian war would slow down the recovery in tourism after the pandemic and lead to billions of euros in losses. The recovery prospects in the sector, which have been growing after the decline in the coronavirus epidemic, have been replaced by concern this time due to the Ukrainian war.
According to an analysis company, the recovery in the tourism sector will slow down due to the Ukrainian war casuing many destinations to experience losses of billions of euros. In the same article by said company it was noted that “sanctions applied to Russia would lead to major losses for the global tourism industry, but would not completely stop the recovery.”
Russians spent $ 9 billion in 2021
According to the report, the travel expenses of Russian tourists account for 1 percent of the total travel expenses in the world. Russians traveling abroad in 2021 spent $ 9 billion. Experts believe that due to the lack of Russians, the sector will shrink by at least $ 7 billion this year.
The report also said, “The loss of Russian visitors will not harm the revival of world tourism, but it will cause serious damage to destinations such as European countries, the Caribbean, Turkey and Thailand”, adding that people living outside Europe were postponing their trips to Europe due to ‘security’ concerns.
