Insider Business Hoteliers reducing prices to boost occupancy

Hoteliers reducing prices to boost occupancy

Hoteliers have reduced their prices by as much as 15% this summer to respond to a drop in tourist arrivals, philenews reported on Thursday.

Despite this, they say that they are satisfied by the amount of bookings they have, as things could have been a lot worse.

In addition, they say that all-inclusive reservations remain at the same levels as last year.

Paphos Hoteliers Association president Thanos Michaelides said that in Paphos around 70% of hotels offer all-inclusive bookings.

In the free Famagusta area, the president of the local Hoteliers Association Doros Takkas said that all-inclusive bookings make up around 30%-40% of the total reservations.

According to the Cyprus Hotel Association chairman Harris Loizides tourism rates are down this year as there are problems with specific tour operators who attract visitors from the Russian market, Cyprus’ second biggest source of tourists, the rouble as well as encouragement from Russian authorities to visit Turkey and Egypt.

The UK, which is Cyprus’ biggest market, is affected by Brexit while the German market is constrained by lower airline capacity after the bankruptcy of two airlines.

Read more:

Top Stories

310 new cases through PCR tests announced on Friday

The Health Ministry announced 310 new Coronavirus cases out of 6,584 PCR tests on Friday 27 November and another out of 6, 311 rapid...

Health Minister concerned about situation in old people’s homes

Health Minister Konstantinos Ioannou expressed his concern about the COVID-19 cases found in old people’s homes. However, he noted that within the framework of...

NPLs in the Cyprus banking system down by €132 million in July

Non- Performing Loans (NPLs) in the Cyprus banking system dropped by €132 million continuing their downward trajectory, assisted by disposals as well as the...

Health Ministry prepares plan for COVID-19 vaccination

The plan, which will be followed by the Ministry of Health, for vaccination against the coronavirus has already been prepared, said today to CNA...

Cyprus second in EU regarding first residence permits

In 2019, about 3.0 million first residence permits were issued in the EU to non-EU citizens. The number rose by 6% (or 163 000)...


Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...


No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...