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Turkish Hotels Cut Staff, Shut Down for Winter with Occupancy Lowest in Europe

Turkish hotels have cut staff by 40 percent, some have shuttered for the winter and others are struggling to pay back loans after a trying year when occupancy rates fell to the lowest in Europe, a report said Monday. The tourist industry, which adds about $30 billion to gross domestic product in a usual year, has been dealt a body blow by a spate of bombings this year, including an attack on Istanbul's main airport, and a failed coup in July. Long one of the world's most...

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