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Source: http://www.hurriyetdailynews.com/n.php?n=tourism-agencies-in-loss-due-to-israeli-reaction-2010-06-28
Turkish Tourism Industry Incurs Losses with Israeli Cancellations
(Hurriyet Daily News-Turkey) Dincer Gokce - The Turkish economy has lost at least $400 million due to reservation cancellations from Israeli tourists, according to tourism agencies. The Israel Travel Agents Association has announced that it cancelled 100,000 reservations out of a total of 150,000. "Our company's main business channel has been cut," said Levent Guner, owner of Levantin Tour. "Who will retrieve my 3.5 million-lira loss?" Levantin Tour had aimed to bring 17,000 tourists from Israel to Turkey this year but has only brought 200 tourists. The company has paid $1.1 million to hotels for cancelled reservations.