Public Events Hurting Business The Cyprus Association of Leisure Centre Owners (PASIKA) has voiced concerns over how festivals, concerts, and street parties are negatively impacting their businesses. The PASIKA Board of Directors reported that their members are experiencing financial difficulties due to numerous events being held throughout Cyprus, particularly in urban areas. They criticized these […]
Cyprus
Cyprus Hotels Face €25 Million Loss in Tourism Sector
Tourism Sector Challenges The tourism sector in Cyprus is bracing for a challenging year. An anticipated drop of 30,000 tourists translates into a severe financial setback, estimated at €25 million. Thanos Michaelides, president of the Cyprus Hotelier’s Association (Pasyxe), addressed these concerns in a recent statement to the Cyprus News Agency (CNA). This downturn impacts […]
Tourism Decline in Cyprus: A Looming Crisis for Hoteliers
Projected Losses and Industry Challenges The Cyprus Hoteliers Association (PASYXE) President Thanos Michaelides revealed alarming projections: the tourism sector faces a loss of 30,000 visitors and €25 million in revenue this season. He highlighted the need to extend the tourism season and enhance year-round hotel operations. According to Michaelides, this strategy would reduce labour market […]
Cyprus Faces Significant Tourism Drop, Hoteliers Warn
Cyprus Faces Significant Tourism Drop, Hoteliers Warn The Cyprus Hoteliers Association (PASYXE) foresees a challenging season ahead. President Thanos Michaelides reported on Thursday that the local tourism sector is confronting an expected loss of 30,000 tourists and a staggering €25 million in revenue. This projection underscores the pressing need for strategic measures. Key Proposals for […]
Yellow Weather Warning: Whirlwind Creates Havoc in Nicosia District
The Cypriot Department of Meteorology issued a yellow weather warning for isolated thunderstorms on Thursday as a whirlwind swept over Nicosia.
Cyprus and US Strengthen Ties with Visa Waiver Program Initiatives
The Cypriot government and the United States are starting to implement their Visa Waiver Programme agreements.
Kataklysmos Tourist Influx in Ayia Napa and Protaras on the Rise
Kataklysmos will boost hotel occupancy to 80%-90% in the Famagusta district according to a Famagusta Hoteliers Report.
Cyprus Banks Issue Caution Over 2024 Tourism Expectations
Banks in Cyprus voice concerns over anticipated tourism highs.
Will Varosha Finally Become the Las Vegas of the Med?
Most tourism stories do not begin with a note of tragedy. Still, the story of Varosha, Cyprus, is a sad exception. Once a glittery haven for Hollywood stars and world celebrities, the Nothern Cpyrus seaside resort is now a monument to failed international relations. Still, there’s a glimmer of hope the seaside playground may flourish […]
Historic Hotels of Cyprus Label Launched
The Cypriot Ministry of Tourism has unveiled the exclusive ‘Historic Hotels of Cyprus’ label to showcase Cyprus’s heritage..
Cyprus Property Prices Continue to Rise
During the fourth quarter of 2023, Cyprus Property Prices had an upward trajectory.
Insights from the PwC Cyprus 2023 Real Estate Market Review
The PwC Cyprus 2023 Real Estate Market Review reveals pertinent statistics and trends in the country’s real estate industry.
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