MOSCOW (Sputnik) — Turkey unveiled an action plan to revitalize its tourism sector in February. It stipulates additional funding of nearly $90 million and the introduction of a mechanism to restructure tourism-related companies' debts, among other measures.
"This system is attractive for budget travelers, for travelers with families. These hotels cannot raise prices although the costs are growing from year to year. We need to gradually reduce the number of hotels operating under this system," Ulusoy told the Anadolu news agency in an interview.
Tourism in Turkey has suffered as the security situation in the country has deteriorated amid terrorist attacks by the Islamic State jihadist group and Kurdistan Workers' Party (PKK) militants since last summer.
Tourism industry faced a decline after Russia banned organized travel to the republic in the wake of the November 24, 2015, downing of a Russian Su-24 bomber by Turkey over Syria.