Bad Credit Problem In The Tourism Sector

Serdar Karcılıoğlu, President of Bodrum Professional Hotel Managers Association, drew attention to the bad credit problem in the tourism sector.

In the tourism sector, which is trying to overcome the negative effects of the coronavirus epidemic, the credit burden is a very important topic. Serdar Karcılıoğlu, President of Bodrum Professional Hotel Managers Association, made evaluations to Bloomberg HT about the bad credit problem in tourism. Karcıoğlu stated that the sector was under a credit burden of 6.5 billion dollars.   Speaking to Bloomberg HT, Karcılıoğlu said the following: "The figures for January in 2021 pointed to a 71 percent decrease in the number of turists compared to the same month last year. These numbers include daily visits such as transit passes. In addition, if we consider the average length of stay and the effect of the pandemic in winter, we can better understand the situation of the tourism sector. Let's not darken ourselves, but pumping hope into the industry can also lead to a lack of action that can cause serious damage. "