Russian sanctions along with security concerns have hit Turkey’s tourism industry hard.
As many as 1,318 hotels have been put up for sale along the Aegean and Mediterranean coasts, Turkish daily Zaman reports.
The Mediterranean resort of Antalya has the highest number of tourist facilities where 410 are listed for sale, followed by the provinces of Mugla, which has 349 for sale; Izmir, 203; Aydin, 162; Balikesir, 139; Canakkale, 35 and Denizli, which has 20 in total listed.
The total sale price of the 410 hotels in Antalya amounts to TL 30 billion, while the remaining 908 have sale prices of a total of TL 8.8 billion.
Chairman of Denizli Colossae Thermal Abdurrahman Karamanlioglu said a number of hotels in resort towns were left on the brink of bankruptcy after Russia imposed sanctions against Turkey after the latter downed a Russian warplane in November last year.