I spent a few days in Paphos recently and most of the hotels were half empty, the restaurants not very busy and offering discounts, hotel building projects have come to a standstill and little renovation done to existing hotels. The timeshare touts are allowed to roam freely and openly insult tourists who are not interested in their scratch cards.
It is all very sad to see especially as one restaurant manager had told many months ago that it did not matter if British tourists did not come to Cyprus as his friends the Russians and Arabs would take their place.