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.

(Dincer Gokce – Hurriyet Daily News-Turkey)