Tourism needs radical reform to drive recovery

17-1-2021 Financial Mirror FinancialMirror Hot

Tourism needs radical reform to drive recovery

The writing is on the wall – if Cyprus continues to put all its eggs in one basket and does not diversify its tourism product, it will face the same fate as the ‘golden passports’ scheme, that continues to haunt greedy politicians.

Now, Moody’s has given a crystal-clear message – restructure your tourism or you are doomed.

In its outlook on Cyprus and another five Mediterranean EU countries – all rival tourist destinations – the rating agency warned that they are “most vulnerable to a sustained drop in tourist arrivals due to the...

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This article was automatically added to our system 17-1-2021

Tourism needs radical reform to drive recovery

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