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KPMG Cyprus Hospitality Report

An in-depth analysis of the latest sectoral developments of the Cyprus hospitality market.

An in-depth analysis of the latest sectoral developments of the Cyprus hospitality market.

cyprus-hospitality-report

We are excited to present to you the 2nd edition of the Cyprus Hospitality Report by KPMG in Cyprus, an annual report outlining the key trends and major drivers of the Cyprus Hospitality Market. An initiative which aims to provide insightful leads into the performance of the hospitality sector for 2019, whilst delving into the latest sectoral developments and evolving conditions of the travel and tourism market in 2020, in light of Covid-19 pandemic.

Given the significance of the tourism industry for the Cyprus economy, being the backbone of the island’s economy, this report, which explores the hospitality market’s current conditions, its competitiveness and the supply and demand characteristics, will form a principal point of reference for executives directly or indirectly involved in the sector.

In an effort to capture the market sentiment of Cyprus domestic tourists in 2020, our report also includes a section namely ‘KPMG Domestic Tourism Survey’, where participants were asked to provide their vacation preferences, expectations and concerns, prior and during the pandemic.

We hope that you will find our report insightful and useful in supporting your future business decisions. Kindly feel free to contact us for further enquiries.

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Christos V. Vasiliou
Managing Director and Head of Advisory Services
KPMG in Cyprus

Callia Michaelides
Principal
KPMG in Cyprus 

Alexandros Sofocleous
Board Member
KPMG in Cyprus 

 

Christophoros P. Anayiotos
Board Member, Head of Deal Advisory
KPMG in Cyprus

Antonis Bargilly
Board Member, Management Consulting & Internal Audit, Risk & Compliance Services
KPMG in Cyprus

Kyprianos Christofides
Board Member
KPMG in Cyprus 

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