Cyprus’ Bed Supply Overwhelmed By Demand

By On 16th March 2017

Pambos Michaelides, of Horwath HTL in Cyprus has written his latest Market Report: Cyprus’ Bed Supply Overwhelmed By Demand.

Cyprus’ Bed Supply Overwhelmed By Demand

Cyprus has seen a booming growth in terms of tourism in 2016. This has been primarily driven by the political situation in neighboring countries as well as a refreshed approach to strategy by the Cyprus Tourism Organization. Supply of beds has been playing catch-up with demand, and multiple tourism related projects are currently underway. However, as tourism numbers are forecasted to continue to grow, with probably accelerated rhythms in the coming years, the market needs to find more ways to cope with the demand.
Tourism is and will be growing exponentially in Cyprus in the next few year and the current number of beds is already reaching its limit.

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Pambos Michaelides

Pambos Michaelides is a Business Consultant who specializes in the hotel and tourism sector. After a 3 years of practicing consulting for Nielsen in the UK he has returned to the Horwath HTL Cyprus office of which he is a founding member of. Today he serves as an executive director, responsible for Horwath's operations in Cyprus as well as other neighbouring markets. During his career, amongst other, Pambos has led projects such as regional tourism development plans, Casino market assessments and has contributed to the Strategic planning of Hotels, resorts etc. Pambos Michaelides has studied in the University of Brighton for a degree in Management with Marketing and has a Masters degree in HR.
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