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Paphos hotels saddled in huge debt, association says - Vimarsana News

Paphos hotels saddled in huge debt, association says

Hotel occupancy rates ranged from 75 to 80 per cent during the Kataklismos long weekend, amidst staffing issues and persisting concerns over high operating costs which one industry expert said left some hoteliers in huge debt. Across the island, hotels were operating at an average of 75-80 per cent capacity,…