Cyprus hotels struggle with insolvency

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Cyprus hotels struggle with insolvency
 © CyprusMail 2020
Following a summer marred by the ongoing coronavirus pandemic the situation being faced by the island’s hoteliers remains dire, and prospects are bleak.

According to the Cyprus Hotel Association (Pasyxe) and the Association of Cyprus Tourist Enterprises (ACTE), which counts among its members some of most prominent luxury hotels in the island, the financial situation at the moment does not leave room for optimism.

“The virus has left an indelible mark on the tourism industry and on hotels in particular,” Pasyxe director general Philokypros Roussounides told the Cyprus Mail.

“While no hotels...


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This article was automatically added to our system 24-9-2020

Cyprus hotels struggle with insolvency


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