hoteliers

800 FTI tourists stranded in Cyprus

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800 FTI tourists stranded in Cyprus

800 tourists remain in Cyprus awaiting news about their return home after Germany’s third largest tour operator, FTI Touristik GmbH, announced insolvency proceedings. The company cooperated with 160 hotels on the island, but the bankruptcy will not have a significant impact on the market. The stranded holidaymakers are covered by a special fund and will not need to pay more to return home. The German Foreign Ministry and the German Travel Security Fund will manage the repatriation and support of affected tourists.

Agreement to allow more Egyptians to work in Cyprus

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Agreement to allow more Egyptians to work in Cyprus

Fact: The governments of Cyprus and Egypt signed a memorandum of understanding to facilitate Egyptian nationals wanting to work in Cyprus.

Collapse of German travel group a blow to Cyprus tourism

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Collapse of German travel group a blow to Cyprus tourism

The bankruptcy of German travel giant FTI Group has caused a potential shortfall of 30,000 bookings for Cyprus’ tourism industry. Hoteliers are facing uncertainty as tens of thousands of future bookings are at risk due to FTI’s collapse. The German market, an important source for Cypriot tourism, is further impacted by this situation, which could also affect Austria and Switzerland where the group operated.