Cyprus hoteliers brace for weaker summer season

Hotel occupancy rates in Cyprus are expected to be lower during the upcoming summer, compared to the same period in 2023, according to the president of the hotelier’s association (Pasyxe) Thanos Michaelides, who noted, however, that this trend can be reversed.

Michaelides expressed concern about the potential impact of recent developments in and around Cyprus, such as the conflict in Israel, on the summer occupancy rate.

Furthermore, he said that “the economic challenges in the UK...