Paphos hoteliers warn of revenue squeeze despite high demand during August

Hotel occupancy in the Paphos district is expected to reach between 85 and 90 per cent in August, according to Paphos hoteliers association president Evripides Loizides, who nevertheless warned that falling room prices and weaker autumn bookings continued to weigh on the sector.

Speaking to the Cyprus News Agency (CNA), Loizides said demand would be particularly strong around the August 15 holiday, traditionally one of the busiest periods of the summer for the district’s hotels, tourist...