Cyprus Business Now: cost of living, state budget, tourism, students, startups

Cyprus’ hotel industry is looking to last-minute bookings to soften the impact of a difficult start to the summer season, although reservations remain below the levels hoteliers had expected, chairman of the Cyprus Hoteliers Association (Pasyxe) Thanos Michaelides said. 

Speaking on CyBC’s daytime show ‘ Apo Mera se Mera ‘ , Michaelides said the sector had come under pressure after developments in March triggered disruption across tourism, leading to  mass cancellations  and a sharp slowdown in bookings,