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ACTA warns of hotel sales

THE Association of Cyprus Travel Agents (ACTA) is concerned that hotels may not be able to operate smoothly during the upcoming summer season with many of the properties up for sale.

ACTA asked for the situation to be handled with care as cooperation with foreign travel agents could be at risk.

“Brochures are already in circulation with hotels for sale or hotels that may come under bank management if they are unable to pay off their loans,” ACTA said.

Rumours that hotels are for sale can only cause the tourism industry damage, the association added, and major travel agents abroad are wondering whether the hotels they have agreements with will be operating come summer time.

“In the case of hotels that may come under the management of banks, those banks will need to guarantee travel agents that any agreements that were signed previously will be honoured,” ACTA said.

If not, it could possibly lead to foreign travel agents severely reducing the number of tourists they send to Cyprus during the summer.

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