Larnaca Poised For Robust Seasonal Tourism Growth

by THEFUTURE.TEAM

September 13, 2025

Steady Winter Demand And Continued Confidence

Larnaca is positioned to sustain a steady influx of tourists during the winter months, bolstered by current booking trends and the operational confidence of local hotels. Industry leaders forecast a strong performance driven largely by the city’s three key traditional markets: the United Kingdom, Israel, and Poland.

Wizz Air: A Strategic Catalyst For Expansion

The robust flight schedule from Larnaca International Airport remains a pivotal factor. Notably, Wizz Air’s extensive network from various European hubs is set to reinforce winter tourism. On September 18, the carrier will commemorate five years of its Cyprus base and the milestone of transporting ten million passengers via a high-profile event in the departures area, attended by Transport Minister Alexis Vafeadis and Deputy Minister of Tourism Kostas Koumis.

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Record Summer Occupancy And Evolving Accommodation Trends

Summer tourism continues to excel, with hotel occupancy rates remaining fully satisfactory and overnight stays in July up by 3% compared to the previous year. This robust performance is complemented by a growing preference among international visitors for Airbnb accommodations, as a significant number of new listings have recently joined the platform.

Ambitious Development Plans Reflect Investor Confidence

Renewed interest in expanding tourism infrastructure is evidenced by the Larnaca Town Planning Department. With 1,295 building permit applications recorded in the first seven months of 2025—a 53% increase from the same period in 2024 and a 73% increase from 2022—the future of Larnaca’s urban landscape is bright. Among these proposals are plans for 20 new boutique hotels in the commercial center, signaling strong investor confidence both locally and abroad.

This strategic alignment of increased visitor capacity and infrastructure development underscores Larnaca’s potential to not just weather seasonal fluctuations, but to emerge as a durable, top-tier destination in a competitive tourism market.

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Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

by News Editor

October 21, 2026

The technology distributor ASBIS Group, headquartered in Limassol, has exceeded $1 billion in monthly sales for the first time in its history, reporting preliminary consolidated revenue of $1.05 billion in September 2026, more than three times the amount recorded a year earlier.

The figure represents a 216% increase from $332 million in September 2025, making it the highest-revenue month in the company’s history.

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ASBIS reported its strongest sales growth in servers and server components, while CEO Serhei Kostevitch pointed to growing demand for artificial intelligence solutions and computing infrastructure as an opportunity for the business.

For a company operating across Europe, the Middle East and Africa, September marked a new sales milestone following several months of substantial year-on-year growth.

Kostevitch attributed the record performance to the group’s existing operations, highlighting its broad product portfolio, international market presence and strong relationships with manufacturers and trading partners.

“Most importantly, this result is the outcome of our regular operating activities,” he said.

The CEO also highlighted the company’s portfolio of projects as a reason for confidence in continued AI-related development.

However, the group’s growth was not limited to AI-related technologies. Smartphones also performed strongly in September, with Kostevitch stressing that “we are growing beyond the AI segment as well.”

Kazakhstan, the United Arab Emirates and Ukraine accounted for the largest shares of ASBIS’s September revenue, followed by Slovakia and Poland.

Growth Follows Record First Half

September’s results follow a period of strong financial performance for ASBIS.

In July, the company reported preliminary consolidated revenue of $531 million, an increase of 89% compared with the same month in 2025. August brought a further rise to $604 million, up 91% year on year.

September’s $1.05 billion figure represents a substantial increase on both months, although the company has not provided a detailed breakdown explaining the acceleration.

The results also follow a record first half of 2026, when ASBIS generated approximately $2.97 billion in consolidated revenue, up 76% year on year.

Net profit after tax reached $80.6 million, compared with $19.4 million in the same period in 2025.

The second quarter was particularly strong, with revenue reaching $1.69 billion, an increase of 78.7%, while quarterly net profit more than tripled to $44.3 million.

ASBIS has emphasised that its September revenue figures are preliminary estimates and may differ from the final reported results.

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