FRIDAY, 18 OCT 2019

 

CONNECT

Facebook Linked In Twitter
GAP_Group_2019_728x90px
Invest Cyprus 30/04-30/03/2019
IMH LTD

Nikos Christodoulides: Stresses Need for A Political Resolution of the Conflict in Syria

Cyprus President Anastasiades Welcomes Solidarity Expressed by The European Council

IMH LTD
GAP_Group_2019_468x60px

HOTEL, TOURISM & LEISURE

Cyprus Hotel and Tourism Associations Express Concern Over Brexit Implications for The Industry

Cyprus Hotel and Tourism Associations Express Concern Over Brexit Implications for The Industry

Hotel and tourism associations in Cyprus express concern over the implications of a hard Brexit for the industry, noting that bookings have virtually stopped while the situation remains in flux, the CNA reports.
 
Harris Loizides, Cyprus Hotel Association (CHA) President, told CNA that the British market appears “reserved” while “there are no more bookings for 2020.” The British market, which is also the biggest for Cyprus’ tourism, is going through one of its biggest crises, he added.
 
Asked about the prospects for 2020, Loizides said that there is already immense pressure to lower the prices, he said however that he could not predict the impact on the number of tourist arrivals next summer.
 
According to CHA President, studies measuring the possible impact of Brexit on the industry were conducted a year ago, but they need to be updated in light of the latest developments.
 
He also said that the Association is taking part in information gatherings, in cooperation with the British High Commission and the Cyprus Chamber of Commerce and Industry, in order to complete a round of contacts with various bodies before drawing up a final action plan.
 
CHA is in constant contact with the Deputy Ministry of Tourism and the Foreign Ministry, as well as major tour operators in the UK, in order to predict potential problems that may arise, Loizides concluded.
 
Akis Vavlitis, the President of the Association of Cyprus Tourist Enterprises (ACTE) said from his part that a no deal Brexit will not just affect Cyprus, but also other major tourist destinations, such as Spain, Greece, Italy and France.
 
“Everything depends on how Britain leaves the EU and what the climate will be” in the first months after Brexit, Vavlitis told CNA. He added that “the situation is in flux” while compared to last year, things seem to be more “reserved.”
 
ACTE President also noted that trends in hotel reservations ahead of the next season will become more obvious from November onwards, when people in Britain usually start booking their holidays. The major tourist fair in London, in the beginning of November, will also provide an indication of what to expect, Vavlitis concluded.
 

MORE ON HOTEL, TOURISM & LEISURE

Study UK Fair 2019 – Discover You

The biggest educational exhibition "Study UK Fair 2019 – Discover You" ...

BookYourWeddingDay.com: Consequences on Wedding Tourism Mitigated Following Thomas Cook Collapse

The innovative global wedding tourism platform, BookYourWeddingDay.com, took immediate ...

Fashion for Life: A special Fashion Show

Powerful messages that embrace and praise women who have experienced breast cancer were ...

FROM AROUND GOLDNEWS

   

Financial Services Digital Transformation Forum

Tradesocio is organizing the Financial Services Digital Transformation Forum on Tuesday 26th of November 2019 at the Four Seasons Hotel, in Limassol. ...
   

Turkey to suspend Syria offensive 'to allow Kurdish withdrawal'

Turkey has agreed to a ceasefire in northern Syria to let Kurdish-led forces withdraw, BBC reports. The deal came after US Vice-President Mike Pence and ...
   

Cyprus President Anastasiades Welcomes Solidarity Expressed by The European Council

The President of the Republic of Cyprus, Nicos Anastasiades has welcomed the European solidarity expressed by the European Council and the adoption by the ...
   

Nikos Christodoulides: Stresses Need for A Political Resolution of the Conflict in Syria

Any agreement terminating illegal actions is a particularly positive development, Cyprus Foreign Minister Nikos Christodoulides said on Friday, underlining the ...
   

Elias Neocleous: The Significance of Technology

Elias Neocleous highlighted at the 10th Limassol Economic Forum the issues shaping the agenda of business leaders on the professional services. Firstly, the ...
   

Panicos Nicolaou: The Key for Banks is to Identify Ways to Transform

Panicos Nicolaou, CEO at Bank of Cyprus spoke at the 10th Limassol Economic focusing on where European banking is today and pointed out the structural ...
   

Nicos S. Kyriakides: Challenges in the Professional Services Industry

Nicos S. Kyriakides, Partner and Head of Financial Advisory Services, Deloitte Cyprus, spoke at the 10th Limassol Economic Forum about the issues shaping the ...
   

GOLD Magazine: Investment Services in Cyprus

The investment services sector in Cyprus has been steadily growing in recent years and, since 2012, the volume of assets under management has almost tripled, ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Limassol_Economic_19/06-18/10_300x250px
GloriaJeans_300x250px

IMH LTD