There will be an additional nineteen thousand hotel beds available to tourists in Cyprus this summer, as hoteliers seek to keep up the momentum created by record numbers of arrivals over the last two years.
It is expected that 2018 will see the largest increase in hotel beds over the last decades, as hoteliers are betting on a continued positive performance and gaining as big a slice of the growing tourist pie as possible.
With new hotels under construction and many existing hotels undergoing refurbishment, additions and modifications there is a clear aim to enrich the tourist product whilst adding thousands of much needed beds.
This year’s boom in hotel beds is in sharp contract to the previous year where only a small increase was seen. Across Cyprus, between 2016 and 2017 the number of hotel beds increased by just 200. In fact over the last five years the number of beds has decreased from 86,744 in 2012 to 84,448 in 2017 – a reduction of 2296 beds.
According to an interview with StockWatch, senior CTO officer Marios Tsianakas stated that the available beds in 2018 will be around 103,000 up from around 84,500 in 2017.
More specifically, he added that 8,000 new beds would be added to existing hotels, 3,000 come from new hotels and a further 8,000 beds from hotel accommodation which will operate without having obtained a town planning permit for the additions and conversions they have made to the accommodation.
The two tourist resorts of Famagusta, Protaras and Ayia Napa, will remain in first place with a total of 45,000 hotel beds up from 35,000 last year Mr Tsianakas said. An additional five new hotels will operate across the two resorts this year.