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

23-9-2019 Cyprus Mail CyprusMail Warm

Cyprus braces for significant tourism...

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...

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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)

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

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