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HOTEL, TOURISM & LEISURE

Tourism Sector In Ayia Napa And Protaras Loses €15 Million In 2020

Tourism Sector In Ayia Napa And Protaras Loses €15 Million In 2020

The tourism sector in 2020 in the coastal tourist destinations of Ayia Napa and Protaras recorded losses estimated at €15 million, according to the Mayors of Paralimni and Ayia Napa.


 
Paralimni Mayor Theodoros Pyrillis told CNA that the financial crisis due to the coronavirus pandemic has adversely affected the tourist area of Paralimni, despite domestic tourism in July and August. He explained that hotel capacity reached 60%, while only a third of the businesses were open.
 

 
Pyrillis said that as of next week the hotel capacity is expected to drop to below 15% and expressed hope that 2021 would see a return to the pre-coronavirus levels.
 

 
He added that meanwhile a series of development projects would be promoted and pointed out that the losses for Paralimni were estimated at €5 million.
 

 
Ayia Napa Mayor Christos Zannettou said the losses this year were estimated at €10 million and expressed hope that things would change next year, noting that development projects were in the pipeline for Ayia Napa.
 

 
Zannettou said the whole area depended on tourism and that many people were still unemployed and production in various economic sectors, particularly agriculture and trade, remained low.
 

 
He also said there was a chain effect in consequences, with many businesses facing viability issues.

 

Source: CNA

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