Reuters - Video

Edition: US | UK | IN | CN | JP

Finance Videos

Turkish tourism hit again by new attack

Wednesday, June 29, 2016 - 01:29

Turkey's beleaguered tourism industry is bracing after three suspected Islamic State suicide bombers opened fire and blew themselves up in Istanbul's main airport, killing 41 people. Laura Frykberg reports.

▲ Hide Transcript

View Transcript

A hint of the horror of the night before. More than 40 people were killed in the attack on Turkey's biggest and busiest airport. A number that's likely to rise. What's not though are visitors to the country. Tragedy's like this, are taking their toll on Turkey's troubled tourism industry. (SOUNDBITE) (English) MICHAEL HARRIS, GLOBAL HEAD OF RESEARCH & TURKISH PRODUCT, RENAISSANCE CAPITAL SAYING: "Just yesterday we had a thawing of relations with Russia, so tourists were down 90 percent, there'll definitely be a recovery if Russian tourists are allowed to go to Turkey despite terrorism, but with EU tourism down about 35 percent, this sort of event only cements in people's minds the reasons why they're not going to Turkey." Last month, visitor numbers dropped by more than a third. The biggest fall in more than two decades. Shares in airport operator TAV also plunged three percent on Wednesday. Pegasus and Turkish Airlines were hit too. (SOUNDBITE) (English) IG, MARKET ANALYST, CHRIS BEAUCHAMP SAYING: "I think it will continue to worry investors that Turkey doesn't have a handle on the security situation. I think it will show there's still a lot of work to be done. It raises an entire set of questions over Turkey's relationship with the EU as well." Economists says tourism in Turkey could tumble by a quarter this year. And cost the country about 8 billion dollars. Flights to Ataturk airport may be resuming, the fear is fewer people are on them.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Turkish tourism hit again by new attack

Wednesday, June 29, 2016 - 01:29