In spite of efforts to promote winter tourism, only one in six Paphos restaurants, bars, cafes, nightclubs and other venues has remained open for the season.
According to the president of the Paphos association representing the owner of this type of venue, Phytos Thrasyvoulou, while many premises stayed open in the hope that more visitors would arrive, most can no longer afford to do so.
He also said that many businesses had been affected by the success of the new mall in Paphos and also noted that the financial crisis meant that eating out had become a luxury for many people.
The usual dinner dances and other events regularly organised in December and January had also fallen in number, Thrasyvoulou said.
Paphos business owners are now pinning their hopes on the new tourist season, Thrasyvoulou said, and hoping that the efforts undertaken by the Cyprus Tourism Organisation (CTO) and other bodies will pay off.
He also called on creditors to be patient when demanding money owed to them by restaurants and similar venues and use the proper avenues available to them.
Thrasyvoulou said that he had received reports that creditors had begun using agencies specialising in debt collection.