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 the continuous modernisation of hotel units”, adding that Cyprus must keep investing in its tourism
