Recent data on the number of foreign visitors to Turkey shows the biggest drop in at least 22 years.
Data from the Tourism Ministry showed Turkish tourist arrivals fell 40.86% year-on-year in June this year, with just 2.44 million people arriving during the month, according to local media sources.
The data reveals the biggest drop on record, which goes back to 1994.
Despite efforts to rebuild ties between Ankara and Moscow, tourist arrivals from Russia dropped 87% in the first six months of the year.
Thomas Cook chief executive Peter Fankhauser commented: “We are operating in a challenging geopolitical environment, with repeated disruption in some of our key source and destination markets.”
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Despite a fall in arrivals, AccorHotels predicted on July 27 that its operating profit would rise further this year, as a result of its restructuring and the acquisition of luxury hotel group FRHI Holdings.
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