Cyprus hotels struggle with insolvency
© Cyprus Mail | Cyprus hotels struggle with insolvency

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 ….. Read More On: Cyprus Mail

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