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The combined pressure of geopolitical instability, rising costs, and supply disruptions looks set to reshape Europe’s summer. [Forbes]
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Tourism is often one of the first sectors to feel the ripple effects of instability. Even when conflict is not directly within a destination, proximity, perception, and practical disruptions—from fuel shortages to rising costs—can quickly alter traveler behavior. Video unavailable The third-largest and most populous island in the Mediterranean, Cyprus, is a good example. Tourism is its biggest industry, and it's taking a hit. At just 1,200 kilometers from Iran (745 miles), a British naval base was hit in early March on the island, leading foreign governments to advise their citizens to travel with caution, leading to a slew of holiday cancellations, as per Politico . Surging airfares are not helping either. As the current holder of the EU rotating presidency, Nicosia, its capital, is preparing to host all 27 member states soon for an EU summit, something it hopes will change the optics to sell Cyprus as “open, calm and still very much in business.” The summit will also help the
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