tourism industry

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.

160 hotels in Cyprus to be affected by FTI closure

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160 hotels in Cyprus to be affected by FTI closure

Approximately 30,000 tourists who were expected to visit Cyprus are impacted by the bankruptcy filing of travel provider FTI. This affects around 160 hotels and other businesses in Cyprus that collaborated with the Group. Bookings made through FTI are being cancelled, with efforts to cover part of the trips still underway. The impact on the tourism industry in Cyprus is significant due to various challenges the industry is facing, such as the war in Israel, economic recession in the UK, upcoming elections in the UK, the European Championship, and the Olympic Games.

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.

Demetriades remains as head of association of large investment projects

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Demetriades remains as head of association of large investment projects

Fact: Andreas Demetriades will continue to lead the Cyprus Association of Large Investment Projects.

Cyprus tourism revenue hits , €110.3 million in Q1 — per capita spending reaches €521.01

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Cyprus tourism revenue hits , €110.3 million in Q1 — per capita spending reaches €521.01

Cyprus’ tourism revenue surged by 15 per cent year-on-year in February 2024, reaching €65.1 million.

Smart bus stops soon in Paphos, Mayor says

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Smart bus stops soon in Paphos, Mayor says

Paphos Mayor Phaedon Phaedonos showcased the city’s investment in public transport infrastructure to Transport Minister Alexis Vafeades. The municipality funded and carried out important projects such as the Karavela bus terminal and transfer stations at the harbour and Tombs of the Kings Avenue. The works are nearing completion and will include “smart” boarding stops and sanitation facilities, providing a modern public transport network for both tourists and residents in Paphos.

Cyprus travel expo attracts more than 10,000 visitors

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Cyprus travel expo attracts more than 10,000 visitors

The 25th edition of the Travel Expo Cyprus welcomed over 10,000 visitors at the Cyprus state fair grounds.

Climate change another challenge for tourism

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Climate change another challenge for tourism

The tourism industry in Cyprus is facing challenges from climate change, geopolitical developments, and economic conditions. The president of the Pancyprian Association of Hotel Managers emphasized the need for support from the state, including training programs and tax incentives. The Deputy Minister of Tourism highlighted the importance of addressing climate change and improving the quality of services through education and skill development.

Popular destination for UK tourists ‘collapsing socially and environmentally’

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Popular destination for UK tourists ‘collapsing socially and environmentally’

The Canary Islands are facing social and environmental collapse due to the overwhelming number of tourists visiting the region. Residents are struggling with high housing costs, with some even living in cars or caves. Local organizations are planning demonstrations to address the issue of unsustainable tourism and the threat of poverty for nearly 34% of the population. Protest leaders are demanding better management of the situation, as the islands are being suffocated by the tourism industry. The President of the Canary Islands has called for prudence among activists to avoid harming the main source of employment and wealth.