Cyprus must prioritise hotel profitability over arrivals, Michaelides says

Cyprus’ hotel industry must shift its attention from headline arrival figures to the profitability that sustains investment and keeps units modern, hoteliers association (Pasyxe) president Thanos Michaelides said, as the sector closes a steady but unspectacular season. Speaking to Cyprus News Agency (CNA), he said profitability is “the driving force for the necessary investments and […]