Indian travel firms report drop in Turkey bookings over Pakistan support
FILE PHOTO: Passengers wait at Terminal 2 of Indira Gandhi International Airport in New Delhi, India, July 1, 2024. REUTERS/Anushree Fadnavis/File Photo
BENGALURU - Indians are cancelling holidays in popular resorts in Turkey and Azerbaijan after the countries supported Pakistan during its recent conflict with New Delhi, two booking firms said.
Ties between India and Pakistan nosedived after a deadly attack in Indian ashmir last month that New Delhi said was backed by Islamabad.
Pakistan denied involvement, but intense fighting broke out when India struck what it said were "terrorist camps" in Pakistan last week. They agreed a ceasefire on Saturday which has largely held.
Turkey and Azerbaijan, popular budget holiday destinations for Indians, issued statements backing Islamabad after India's strikes.
"Bookings for Azerbaijan and Turkey decreasing by 60% (over the last week) while cancellations have surged by 250% during the same period," a spokesperson for MakeMyTrip said.
EaseMyTrip's Chief Executive Officer, Rikant Pittie, said the platform had seen a 22% rise in cancellations for Turkey and 30% for Azerbaijan "due to recent geopolitical tensions".
Travellers had switched to Georgia, Serbia, Greece, Thailand and Vietnam, he added.
Another ticketing platform, ixigo, earlier said in a post on X that it would be suspending flight and hotel bookings for Turkey, Azerbaijan and China.
EaseMyTrip's founder and chairman Nishant Pitti said in a post on X that 287,000 Indians visited Turkey last year and 243,000 visited Azerbaijan.
"When these nations openly support Pakistan, should we fuel their tourism and their economies?" Pitti said. REUTERS
Join ST's Telegram channel and get the latest breaking news delivered to you.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Times
36 minutes ago
- Business Times
Gold rises as weak US data offsets optimism from Trump-Xi call
GOLD rose on Friday and was set for weekly gains, as a spate of weak US economic data outweighed optimism from President Donald Trump's call with his Chinese counterpart Xi Jinping, while investors awaited US payroll data. Spot gold was up 0.3 per cent at US$3,362.89 an ounce, as of 0152 GMT. Bullion is up 2.3 per cent for the week so far. US gold futures also climbed 0.3 per cent to US$3,386.20. Trump and Xi engaged in a rare leader-to-leader call on Thursday, addressing escalating trade tensions and disputes over critical minerals, though key issues remain unresolved. 'Some of the initial enthusiasm for risk appetite following the Trump-Xi call has started to wear off, which has enabled gold to creep higher,' said Tim Waterer, chief market analyst at KCM Trade, adding, as Trump's optimistic take masked recent weak US economic data earlier. The number of Americans filing new applications for unemployment benefits increased to a seven-month high last week. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Investors are now awaiting US nonfarm payroll data due at 12.30 GMT, after a slew of data throughout this week highlighting labour market softness. Economists polled by Reuters forecast nonfarm payrolls increased by 130,000 jobs in May, down from 177,000 in April, while the unemployment rate is expected to remain steady at 4.2 per cent. 'The upcoming NFP release could be the catalyst for a breakout should the data produce a significant miss on either side of expectations,' Waterer said. Fed policymakers indicated that inflation remains a greater concern than labor market cooling, suggesting a prolonged hold on monetary policy adjustments. Gold, often seen as a safe-haven asset, tends to perform well during economic uncertainty and in low-interest-rate environments. Elsewhere, spot silver fell 0.9 per cent to US$35.71 per ounce, still hovering near 12-year high, platinum rose 1.4 per cent to US$1,146.20, while palladium was up 0.5 per cent to US$1,010.73. All three metals were headed for weekly gains. REUTERS

Straits Times
an hour ago
- Straits Times
Rolex lovers splash out on used watches before Trump tariffs
Rolex watches on display at a store in New York on April 8. PHOTO: REUTERS Rolex lovers splash out on used watches before Trump tariffs LONDON – Watch enthusiasts snapped up used Rolex and Patek Philippe timepieces at the end of April, splashing out before possible tariffs from United States President Donald Trump. The watch dealer and trading platform Subdial often sees a flurry of activity after people get their pay cheques at the end of each month. In April, the post-payday spike was 160 per cent higher than normal trading levels, far above the average 112 per cent bump experienced on other pay days over the past year. The volume growth was particularly strong in the US and Britain, Mr Christy Davis, founder of London-based Subdial, said in an interview. 'People heard about the tariffs and went, 'Oh shoot, let's buy now,'' he said. 'They waited for pay day and then sales volumes just went through the roof.' The phenomenon echoed another trend seen in Switzerland, where watch exports jumped by nearly a fifth in April – with shipments to the US more than doubling ahead of expanded tariffs threatened by Mr Trump. Watches made from precious metals, steel and bimetallic materials – products also targeted by the US President – saw the most growth, according to the Federation of the Swiss Watch Industry. The US jump was likely a one-off response by exporters seeking to avoid higher tariffs, rather than a structural increase in demand, Mr Jean-Philippe Bertschy, an analyst at investment management firm Vontobel, said in a note. Swiss watch exports fell 6.4 per cent to the rest of the world in the month, continuing a weak start to the year. The secondary watch market has continued its gradual rebound from February's post-pandemic lows. Since reaching that nadir, the Bloomberg Subdial Watch Index has risen about 5.3 per cent through late May, returning to levels last seen in October. It remains far from the levels it reached three years ago, when the prices of used luxury watches surged as Covid-19 lockdowns ended. Bloomberg Join ST's Telegram channel and get the latest breaking news delivered to you.

Straits Times
an hour ago
- Straits Times
Japan's early May exports drop as tariff war disrupts commerce
Japan's exports fell in the first 20 days of May as the Trump administration's sweeping tariffs continued to disrupt trade. Exports measured by value dropped 3 per cent from the same period a year earlier, the Finance Ministry reported June 6 . That compared with a 2.3 per cent gain in the first 20 days of April, and a 2.0 per cent rise for all of that month. Growth in exports has averaged 6.2 per cent over the year through April. Japan's trade balance was in the red, with a deficit of ¥1.1 trillion (S$9.8 billion). The 20-day data don't provide details such as a breakdown of exports to specific countries or regions. The figures for the full month of May are set to be released on June 18. Autos, steel and chips and other electonic components lead the exports lower while coal, non-ferrous metal and crude oil drove down the import, according to the Finance Ministry. The yen averaged 143.02 against the US dollar during the period in May, 8 per cent stronger than the same period a year earlier, which weighed on the readings for yen-denominated exports and imports, according to the ministry. The trajectory for trade will be a key factor determining whether Japan's economy enters a technical recession in the current quarter after weak external demand and sluggish private consumption resulted in a contraction in the previous period. In April, exports to the US fell, led by a drop in autos. As with other nations, Japan faces a 25 per cent tariff on cars and their parts and a minimum 10 per cent levy on other goods across the board. President Donald Trump doubled a levy on steel and aluminium to 50 per cent in early June, and the 10 per cent tariff is set to revert to 24 per cent in early July, barring a deal. On May 12, the US and China, Japan's two biggest trading partners, announced that they had reached a temporary agreement on reducing tariffs. But tensions have flared since then, with Mr Trump complaining earlier this week that Chinese leader Xi Jinping is 'hard to make a deal with.' Japan and the US are continuing to negotiate on the tariffs as they eye possibly announcing a deal on the sidelines of the Group of Seven leaders' gathering in Canada later this month. Japan's top trade negotiator Ryosei Akazawa said upon arrival in Washington June 5 that he would continue to press for a removal of all tariffs. BLOOMBERG Join ST's Telegram channel and get the latest breaking news delivered to you.