Cyprus braces for significant tourism aftershocks in wake of Thomas Cook collapse (Update 6)

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Cyprus braces for significant tourism...
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Not only did 15,000 passengers in Cyprus lose their flight out after the collapse of Thomas Cook, but the cost to the island’s tourism industry in the short to medium-term will be a hefty 250,000 visitors, close to €200m in revenues and €50m in unpaid bills that are due to hoteliers.

It will also mean a general rise in air fares by other airlines in the short term as was seen with the collapse of a number of companies in recent years.

Deputy minister for tourism Savvas Perdios painted the grim picture after a crisis meeting Monday morning with all...


This article was automatically added to our system 23-9-2019

Cyprus braces for significant tourism aftershocks in wake of Thomas Cook collapse (Update 6)


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Article Tags: cyprus, braces, significant, tourism, aftershocks, thomas, collapse, update,