Cyprus’ tourism industry strongly depends on overseas giant travel and tourism companies considering that some 60% of arrivals over the recent past years are on package holidays, Phileleftheros reports.
Last year’s collapse of Thomas Cook was a huge blow to Cyprus since the British giant used to fly over 5% of visitors annually, corresponding to about 250,000.
But after its bankruptcy, Hanover-based TUI Group has taken up a leading role in the Mediterranean island’s tourism industry. And the travel and tourism company wants to increase its share of tourists from both the British and Russian markets this year.
Continue reading at source: in-cyprus
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