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Cyprus Poised For Year-Round Tourism Success Amid Summer Peak

Cyprus is set to redefine its tourism landscape, building on a stellar summer record while preparing an ambitious expansion of its winter offerings. Deputy Minister of Tourism Costas Koumis outlined a strategy aimed at capturing a larger share of the winter market during discussions at the 45th annual World Travel Market (WTM) 2025 in London, an event renowned for convening over 40,000 industry professionals from more than 180 countries.

Capitalizing On Summer Strength And Winter Opportunities

Koumis confidently noted that the island’s summer performance has reached unprecedented heights, forecasting its continuation into 2026. He emphasized that while the summer season has peaked, the pressing challenge now is to boost the winter tourism segment. The deputy minister cited a 5.2% increase in tourist arrivals from the British market between January and September 2025 compared to the previous year as a testament to Cyprus’ growing appeal.

Strategic Alliances And Expanded Winter Programs

Conversations with strategic tourism partners at the WTM revealed an optimistic outlook for winter programmes. Major British tour operators are expected to enhance their winter offerings significantly, a move that could transform Cyprus into a year-round destination. Koumis stressed that expanding winter initiatives is essential for maintaining revenue momentum, even as summer operations reach saturation.

Shifting Investment Models And Infrastructure Innovation

WTM 2025 featured over 70 sessions and panel discussions, during which industry leaders discussed topics ranging from artificial intelligence to sustainable infrastructures. Koumis contributed to several panels including one on rethinking investment models in tourism, while also engaging in bilateral discussions with officials such as Serbian Tourism Minister Husein Memic on future cooperation.

Robust Data And Future Growth Prospects

The latest statistics fortify Cyprus’ growth narrative: between January and September 2025, tourist arrivals surged by 10.3% year-on-year to 3.6 million, with tourism revenue climbing to €1.89 billion in the first seven months. Additionally, Cyprus recorded the highest increase in hotel overnight stays in Europe, and the revenue percentage among European Mediterranean destinations remains unmatched.

Building A Sustainable Year-Round Model

Industry experts, including Christos Angelides, Director General of the Cyprus Hoteliers Association, underscored the importance of an integrated ecosystem where hotels, local businesses, and communities collaborate to extend tourism beyond the summer months. Plans are already underway for several hotels in Ayia Napa, Protaras, and the Famagusta district to extend operations into November 2025, ensuring a prolonged engagement with visitors.

Diversification And Future Vision

Further bolstering its strategy, the Deputy Ministry of Tourism is diversifying the island’s tourism product by promoting sports, wellness, gastronomy, and conference tourism. These efforts aim to reduce the historical dependency on the sun-and-sea model, positioning Cyprus as a destination that offers authentic and sustainable experiences all year round.

As Cyprus prepares to extend its tourism window, the focus on winter growth and sustainable practices marks a pivotal shift in the island’s economic strategy, promising robust returns and enduring success in the competitive global landscape.

doValue Cyprus Strengthens Market Leadership With New Astrobank Portfolio

Expanding Market Influence

Loan and real estate management firm doValue Cyprus has significantly reinforced its domestic presence in non-performing loan servicing by acquiring a new portfolio from Astrobank Public Company Limited. This development follows Astrobank’s recent transition, marked by the transfer of key operations to Alpha Bank Cyprus Limited and the subsequent surrender of its banking licence.

Strategic Acquisition And Swift Execution

Finalized on November 3, 2025, the agreement underscores a decisive strategic shift as doValue Cyprus assumes management of Astrobank’s remaining portfolio. The immediate commencement of portfolio management is a testament to the firm’s commitment to delivering specialized, resilient solutions within the non-performing loan market.

Expertise Driving Market Growth

Chief Executive Officer Varnavas Kourounas emphasized that the latest portfolio acquisition not only expands the firm’s operational footprint but also validates its credibility and deep expertise in the competitive Cypriot financial sector. The strategic move is aligned with the broader growth ambitions of the doValue Group.

Broader Market Implications

Operating as part of the international doValue Group—the largest independent loan and real estate management organization in Southern Europe—doValue Cyprus is well-positioned to leverage its newly expanded portfolio. With approximately €136 billion in assets under management, the group maintains a dominant presence across Italy, Greece, Spain, Portugal, and Cyprus. Moreover, its subsidiary, Altamira Real Estate, runs Cyprus’ largest real estate platform, managing extensive property portfolios alongside the island’s most comprehensive sales network.

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