Turkey's revenues from Russian tourists may drop by $4.5 billion

Currency devaluation choking Russia since 2014 may reduce the tourism flow to Turkey by 1-1.5 million people, cutting revenues from tourism by $4.5 billion this year, RIA Novosti reports.

The Turkish Federation of Hoteliers fears that reduction of tourists from Russia by 25-30% may decrease income in Turkey by $1-4.5 billion. Tourists from Israel, Iran, India, China, Brazil and Argentina may partly substitute Russian tourists.