Hoteliers’ plans prior to pandemic worth millions

September 14, 2020

By Theano Thiopoulou

Hoteliers were making plans worth millions before the pandemic struck either to build new units or to expand existing ones.

As the situation has evolved, hotel businesses have turned their attention by necessity to the coming years aiming to fill more than 87,000 rooms across the island, while plans provide for more than 3,000 new ones.

Hoteliers see 2020 as a lost year and believe that any substantial income in the tourist sector can be expected from 2021 onwards, given that the pandemic is controlled in the coming period and an effective vaccine is found.

Continue reading at source: in-cyprus