Russian sanctions could cost the Turkish economy as much as $9bn, the country’s deputy prime minister Mehmed Simsek has told the Turkish television channel NTV, adding that (more…)
Montenegro holiday resort: Azerbaijan’s state oil company SOCAR is investing $500m to develop an upmarket holiday resort in Montenegro’s Boca Bay area on the site of a former Soviet military base, the Montenegrin President Filip Vujanovic said this week. Due to be completed (more…)Azernews Read More»
Around 1,300 Turkish hotels – between them worth $13bn – in the country’s Black Sea and Mediterranean coastal resorts have been put up for sale as a combination of Russian sanctions and a series of terror attacks has plunged the country’s tourism sector into a state of crisis. More than three million Russian tourists visited Turkey last year – 15% of the overall total – but that figure has fallen dramatically following the downing of a Russian warplane over the Turkish-Syrian border last November, and Moscow’s subsequent ban on banned chartered flights to the country.
Since then, Turkey has been hit by a number of terrorist attacks including last month’s suicide bombing in Istanbul that left ten dead. The Rusian boycott has pushed a number of hotels to the verge of bankruptcy, Abdurrahman Karamanlioglu, chairman of spa hotel Denizli Colossae Thermal, told the Zaman newspaper. All-inclusive package beach holidays had been particularly popular among Russians. The publication put the total value of the properties up for sale at around $13bn.
Russian tourist industry: the weakened rouble has helped Russia attract the most overseas visitors it has seen since 2008. According to Russian Tourism Industry Union there was a 13% year-on-year increase in trips by overseas visitors the first nine months of 2016, taking the total to a seven-year high of 2.54 million.
Kyrgyz tourist sector: Business Insider magazine has ranked Kyrgyzstan as the top emerging travel destination in the world for 2016. Mongolia came in third and Iran seventh. “Wilderness, wildlife and culture; these themes will illuminate the year’s travel itineraries,” the publication predicts. “Escapism and authenticity are key and nowhere offers them quite like fledgling and far-flung nations.
24% of all investors in the Turkish real estate market from the GCC countries of the Arabian Gulf, according to a new report from property specialists REIDIN, which says that their numbers have quintupled since Ankara relaxed legislation restricting foreign ownership in 2012. (more…)dailysabah Read More»
Kazakh tourist hotel train: Kazakhstan’ s Ministry of Investment and Development is currently considering plans put forward by the Turan Express rail operator for a deluxe ‘hotel on wheels’ that will carry tourists and students to sites of important historical and cultural importance throughout Kazakhstan and (more…)
Talks with potential investors into an Almaty international air hub are due to begin in October, Kazakhstan’s Minister for Investment and Development Aset Isekeshev told the Novosti-Kazakhstan news agency yesterday.
“We have several potential investors [lined up],” he said, “and we are currently working together with international experts (more…)
Rouble collapse brings down Russian tourism costs: The dramatic devaluation of the rouble has had an equally significant impact on the cost of visiting what have in recent times been some of Europe’s most expensive cities. According to the Europe Backpacker Index for 2015, St Petersburg is now the tenth cheapest popular tourist destination in Europe, while it is now cheaper to visit Moscow than Ibiza, Rome or Edinburgh. According to the index, the 20 cheapest European cities to visit are:
- Cesky Krumlov
- St Petersburg
Donetsk Minister condemns package tours to war zone: A proposal from a Moscow-based tourist company to hire an armoured car and offer visitors a four-day guided tour of war-torn Donetsk has been condemned by Stanislav Vinokurov, deputy speaker of the Luhansk People’s Republic’s parliament and its Minister for Family, Youth, Sports and Tourism. (more…)Izvestia Read More»
Kyrgyzstan plans five ski resorts: In a concerted effort to extend its tourist season, the authorities in Kyrgyzstan’s Issyk-Kul are planning to develop five ski resorts in the province. “The beach season only lasts for two months while ski-ing lasts for four, ” the government’s envoy to Issyk-Kul Emilbek Kaptagayev told a press conference last week. “A draft proposal for the development of new ski resorts is already being prepared. I hope the government will approve it and find investors for its development.” Kyrgyzworld