Tensions between Russia and Turkey channel tourists to Greece and Cyprus

Hospitalitynet publishes an HVS' article that discusses the Cyprus hotel market in terms of supply and demand and analyzes past tourism trends.

The article concludes that the latest developments in tourist movements away from destinations in the region that faced security problems led to an increased influx of tourists to Cyprus in late 2015, a trend that is expected to continue throughout 2016 and possibly beyond. In addtion, the latest tensions between Russia and Turkey are expected to channel more volumes of Russian tourists to Cyprus and Greece in 2016.

HVS is the world"s leading consulting and services organization focused on the hotel, mixed-use, shared ownership, gaming, and leisure industries, celebrates its 35th anniversary this year. Established in 1980, the company performs 4,500+ assignments each year for hotel and real estate owners, operators, and developers worldwide. HVS principals are regarded as the leading experts in their respective regions of the globe. Through a network of more than 35 offices and more than 450 professionals, HVS provides an unparalleled range of complementary services for the hospitality industry.

Read the full article here.