Cyprus sets stage for tourism recovery as airports reopen

Cyprus sets stage for tourism recovery as airports reopen

Tourist numbers to Cyprus are expected to fall by up to 70 percent this year due to the coronavirus pandemic.. Mediterranean holiday island tempts visitors with bold hospitality package that includes medical care. The divided island's tourism sector normally accounts for around 15 percent of gross domestic product, but has dried up in past months amid global measures to combat the spread of the novel coronavirus.. Perdios said several four-star hotels would provide 500 quarantine rooms for close contacts of those who fall ill.. The Republic of Cyprus, in the south of the island, has registered 960 novel coronavirus cases and 17 deaths.. Buyout firm Sycamore Partners in talks to buy troubled J.C.. There is no certainty that the talks between Sycamore and J.C.. Penney outright or making an investment in the troubled retailer, the sources said.. Penney will result in a deal, which would require a bankruptcy judge's approval, the sources said.. Wells Fargo & Co. (WFC.N) is also involved in the discussions, one of the sources said..