Inflation Drives Tourists and Locals from Turkish Resorts to Greece

24.07.23 News

Restaurants in Turkey’s holiday towns are struggling this summer as soaring inflation, reaching 91% in some areas, drives both locals and tourists away.

Social media posts highlight exorbitant prices in Turkish resorts, while a fast-track visa program has facilitated a significant increase in Turkish visitors to Greek islands.

The devaluation of the Turkish lira has eroded purchasing power, leading to a decline in business for many eateries, despite some restaurants seeing a shift in clientele from higher-income segments.

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