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CTO taking action over Airbnb
© Cyprus Mail | CTO taking action over Airbnb

With the number of Cyprus Airbnb listings rising rapidly, the Cyprus Tourism Organisation (CTO) is planning to introduce a number of measures to curb the problems associated with the online service, starting with a meeting with various stakeholders next Tuesday.

The CTO, the finance ministry, the hotels association and travel agents will take part in the meeting, during which the practices of other countries will be examined to determine what is likely to work in Cyprus.

Head of the hotel sector of the CTO Marios Chanakas said the number of homes rented this way is now in the thousands, with the main problem for the state being that they are not getting paid any taxes.

“Some countries have established practices such as having a one way platform where fees….Read More On: Cyprus Mail

Article Source: Cyprus Mail
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