President of Cyprus Hotels Association (PASYXE) Thanos Michalides has told CNA that the current tourist period is on good track, however the season must be over in order to assess the situation. 

He noted that during August bookings will reach approximately 95%.

Furthermore he said that an MoU that is underway with Arab countries will have positive results, not only due to the fact that tourists will be attracted, but also because Cyprus will serve as a stopover for Europeans who work in these countries. 

Michaelides said that the British market may remain the most important one but it is also important not to neglect new markets. 

Moreover he noted that a tourist destination as Cyprus must have a variety of small and big five, four and three star hotels, that will provide high-level services. Michaelides also said he is in favour of big investments, such as marinas and casinos.