Articles tagged “cyprus”

Asian Casino Operator Melco Has European Ambitions in Cyprus

Asian Casino Operator Melco Has European Ambitions in Cyprus

Georgios Georgiou, Bloomberg

Melco's challenge is less about getting Asian tourists, such as the massive Chinese market, to recognize its brand in Europe than it is to convince them to take long-haul trips to casinos when they have options much closer to home.

6 months ago

Cyprus Steps Up Infrastructure Projects to Fuel Tourism Growth

Cyprus Steps Up Infrastructure Projects to Fuel Tourism Growth

Georgios Georgiou and Paul Tugwell, Bloomberg

Cyprus is seeing a surge in visitation from tourists avoiding European and Middle Eastern destinations where terrorist activity has taken place recently.

2 years ago

What 8 Hotels in Cyprus Can Tell Us About Tourism’s Impact

What 8 Hotels in Cyprus Can Tell Us About Tourism’s Impact

Dan Peltier, Skift

Tourists can, over time, negatively impact a destination but these findings from Cyprus show it's not all bad news when it comes to spending.

3 years ago

Cyprus’ National Airline Must Shut Down After EU Ruling

Cyprus’ National Airline Must Shut Down After EU Ruling

Menelaos Hadjicostis, Associated Press

Cyprus Airways’ financial struggles are symbolic of many small European carriers’ struggles to compete with larger private airlines now investing in low-cost products and expanded route networks.

4 years ago

Cyprus Airways to Cease Flying as EU Cites It for Unfair Competition

Cyprus Airways to Cease Flying as EU Cites It for Unfair Competition

Menelaos Hadjicostis , Associated Press

Cyprus Airways only had about 10 percent market share so the impact won't be devastating to the island's business links and tourism. The airline's brand may get resurrected under a different structure.

4 years ago

European Winter Tourism Hit as Russia’s Big Spenders Stay Home

European Winter Tourism Hit as Russia’s Big Spenders Stay Home

Associated Press

The Alps' pain is similar to that of tour companies hit hard when China cut down on graft and fraud, and it's difficult to root for matters to return to normal.

4 years ago

Ryanair Makes Unexpected Foray Into M&A with Bid for Cyprus Airways

Ryanair Makes Unexpected Foray Into M&A with Bid for Cyprus Airways

Kari Lundgren, Bloomberg

Ryanair continues to adjust its business model and goals to mature from the cheapest of European airlines to one that flyers appreciate for its fares and service.

4 years ago

Can Russian gamblers save Cyprus’ tourism industry?

Can Russian gamblers save Cyprus’ tourism industry?

Paul Tugwell, Bloomberg

Creating a comfortable environment for Russian financial tourists helped create Cyprus' current problems, so it would appear to be a questionable decision to pin recovery hopes on a similar type of traveler.

5 years ago

Cyprus turns to tourism and casinos to kickstart economy

Cyprus turns to tourism and casinos to kickstart economy

Associated Press

Cyprus' fondness for easy money and lax rules got it into the current mess, and banking its future on gambling seems to be yet another get-rich-quick scheme.

5 years ago

Cyprus should look to Malta for ways to improve its own island economy

Cyprus should look to Malta for ways to improve its own island economy

Mary Dejevsky, The Daily Telegraph

Cyprus needs to shed its image as the place where rich people go to avoid paying their fair share, and been up on its promise of treating everyone equa.

5 years ago

Cyprus crisis means deals for sun-seeking European tourists

Cyprus crisis means deals for sun-seeking European tourists

Patrick Collinson, Guardian

The British slowed their visits to Cyprus before the financial crisis; for them it was as much about not wanting to bend to the tastes of the new Russian travelers than it was vacationing in a destination hit hard by the euro crisis.

5 years ago

If you’re stuck holidaying in Cyprus, here’s what you need to know

If you’re stuck holidaying in Cyprus, here’s what you need to know

Simon Calder, The Independent

Two words: take cash.

5 years ago