Hotel occupancy rates falling in occupied north – Diyalog

May 16, 2019 at 3:28pm

The Turkish Cypriot Hoteliers’ Union (KTOB) announced that hotels which are members of the union have reported a 20% drop in their April occupancy rates compared with the same month last year, Turkish Cypriot daily Diyalog reported.

In a written statement, KTOB said that the occupancy of hotels for April 2019 was 51%, a decrease of 20%, compared with April 2018.

It added that the occupancy rate at five-star hotels for the same period was 60%.

The statement added that the occupancy rate for small the smaller hotels was 42%, showing an increase of 7% if compared with March 2019 and a 14% decrease compared with April 2018.

According to Diyalog, commenting on this development, travel agents in the occupied north warned that the fall in occupancy rates will  have a negative effect on other sectors of the economy.