The Iran conflict is causing a rise in tourist cancellations and a dive in new bookings in Cyprus and to a lesser extent other countries whose economies rely heavily on summer visitors.
Reuters –The U.S. and Israel launched attacks on Iran on February 28, just as Cyprus's tourism industry was reopening after winter. Then on March 2, as Iran launched a series of counter-strikes, a drone struck a British naval base on the island, triggering a wave of tourist cancellations.
The drop in bookings is the latest sign of the war’s broad fallout, from disrupted oil flows to mass flight cancellations and worsening economic outlooks worldwide.
