Summer bookings to Turkey by German holidaymakers are down by more than half after a spate of bombings, with tourists instead heading to Greece and Egypt, according to German market researcher GfK.
Tourism, which adds about $30bn to Turkeyโs gross domestic product each year, has been hammered by attacks blamed on Islamic State and Kurdish militants that have scared away tourists over the past year.
Summer bookings from Germany were down 58 per cent at the end of January from a year ago.
โGreece is clearly benefiting from that, and Egypt as well,โ Doerte Nordbeck, head of Travel & Logistics Germany at GfK, told journalists at a news conference ahead of the worldโs biggest travel fair in Berlin next week.
Germansโ summer bookings for Greece were 67 per cent higher than a year ago by the end of January, and the country has now replaced Turkey as Germansโ second-most popular holiday destination after the Balearic islands, she said, citing booking data from travel agencies and online portals.
Tour operator TUI had said in January that it had added around 40 per cent more capacity on the Greek islands of Crete, Rhodes and Kos to meet demand.
GfK said bookings for Egypt were up 91 per cent from last year, but were still down 23 per cent from before the 2011 uprising.
Norbert Fiebig, president of German travel association DRV said hotels in Turkey were responding by slashing their prices, while chains in Spain and Greece were taking advantage of rising demand to increase rates.
Booking portal Holidaycheck said this week that German bookings had shown hotel prices in Turkey were down 12 per cent from a year ago and those in Egypt were still down by 8 per cent. Prices in Greece were 5 per cent higher than last year, it said.
With Germans booking earlier this year, DRV expects Germansโ spending on travel bookings to grow moderately, after increasing by 2 per cent to โฌ59.8bn, excluding expenses made during their trips, in 2016.
Germany is the worldโs third-largest spender on foreign travel behind China and the United States.