The Telegraph: European resorts go bankrupt without Russian vacationers

The Telegraph: European resorts go bankrupt without Russian vacationers

The Telegraph Squires columnist: European resorts are going bankrupt without Russian tourists

European resorts are having a hard time because of the lack of Russians, writes a columnist of British The Telegraph Nick Squires.

“Destinations that depend on Russian tourists face huge financial losses,” the publication notes.

As the journalist specified, the natives of this country used to spend a lot of money in European resorts. According to Squires, Cyprus will suffer most of all, because the tourism industry accounts for a quarter of its economy. Now hotel association of the republic takes measures to attract tourists from Great Britain, Scandinavia, Germany and Israel in order to make up for the lack of Russians.

Similar situation is in Italy, Czech Republic and France. Also Montenegro, which for years attracted Russian tourists, yacht owners and real estate buyers, was struck. Now the future of the country remains uncertain, the columnist concluded.

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