Cyprus’s exposure to Thomas Cook’s failure was lessened in the past few years as leaders “foresaw its demise”.
The country’s deputy tourism minister, Savvas Perdios, said Cook’s UK business to Cyprus represented 4%.
“It’s small enough to give us the opportunity to make up those numbers, but hoteliers lost €25-30 million in unpaid dues from July to September.
“Obviously they are not going to get that back.
He added: “If Cyprus was exposed only 4% to Thomas Cook, it’s because we were wary over the last few years.
“The model of tour operating will always remain strong. But [companies] also need to make sure they’re diversified.”
Perdios insisted though a strategy to attract more visitors from beyond its biggest markets of the UK and Russia was unrelated to Cook’s demise.
“It’s not sustainable for the island to continue to only focus on two markets. There is so much to showcase,” he said.
“Obviously the UK is and will remain extremely important to us,” he added. “We’re not in the business of cutting off the hand that feeds us.”
“Within the UK market demographics there’s a lot of potential to attract people year-round.”
Perdios identified three main “markets” with “untapped potential”.