War And Rising Costs Threaten Europe’s Summer Season
Cyprus, a major Mediterranean tourist destination, is experiencing a decline in bookings due to its proximity to the Iran conflict and rising airfares. The International Energy Agency warns of a potential jet fuel shortage, which could lead to flight cancellations and further impact European tourism.
Cyprus, the third-largest Mediterranean island, is seeing a decline in tourism due to its proximity to the Iran conflict. A British naval base on the island was hit in early March, prompting foreign governments to advise caution, leading to holiday cancellations. The EU rotating presidency, held by Nicosia, is hosting a summit to promote Cyprus as 'open and calm.' The International Energy Agency warns of a potential jet fuel shortage, with only six weeks' supply remaining. Kerosene prices doubled in March, and airlines like EasyJet expect airfares to rise after Easter. Countries reliant on tourism, such as Croatia, Greece, and Portugal, are likely to be severely affected.
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