Cyprus Tourism Bookings Recover After 20 Days Of Disruption

by THEFUTURE.TEAM

March 30, 2026

Renewed Momentum In A Challenging Environment

Tourism bookings in Cyprus are showing signs of recovery after a period of geopolitical disruption, according to Kostas Koumis. Speaking at the General Assembly of PASYDIXE, he noted that the current tourism season remains under pressure, but recent trends indicate a gradual improvement in demand.

Swift Government Action Preserves Cyprus’ Image

Koumis said bookings began to recover after about 20 days of disruption linked to regional tensions. He added that government actions focused on maintaining safety and supporting Cyprus’ positioning as a stable destination. He emphasized that Cyprus remains geographically distant from conflict zones, while communication efforts and safety measures aim to sustain international confidence.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Strategic Outreach At International Platforms

The minister highlighted Cyprus’s participation in international tourism events, including ITB Berlin. Engagement with partners focused on ensuring continuity in travel flows and maintaining scheduled operations. Discussions reflected initial caution among partners, followed by decisions to proceed with planned flight programs.

Sectoral Support And Future Outlook

Government measures include targeted support for the hospitality and aviation sectors, with a focus on employment and connectivity. Promotional activities have also been intensified in coordination with industry stakeholders. Nicolas Aristou outlined priorities including improving service quality, strengthening competitiveness, investing in human capital and promoting sustainability.

Industry Leaders Call For Operational Consistency

Marios Ellinas said geopolitical developments have affected hotel operations and called for maintaining consistent service levels. He noted the importance of operational stability, cost management and workforce support, as the sector begins to see a more balanced trend between cancellations and new bookings.

Comprehensive Strategic Action For A Secure Future

Filokypros Rousounidis said current conditions require coordinated action across the sector. Priorities include strengthening airline connectivity, addressing seasonality and developing higher-value tourism offerings. He added that hotel management remains central to maintaining service standards and visitor experience.

Recognition And Optimism For The Road Ahead

Koumis presented an honorary award to Marios Ellinas in recognition of his contribution to the sector. Participants highlighted the need to manage current challenges while maintaining tourism activity in the coming months.

The Future Forbes Realty Global Properties

Cyprus Property Deals Reach €286 Million Despite Second-Quarter Uncertainty

by THEFUTURE.TEAM

July 28, 2026

Cyprus’ high-end property market remained active in the first half of 2026, although geopolitical uncertainty may have weighed on investment activity during the second quarter.

€286.4 Million Across The 50 Largest Deals

Property transactions worth a combined €286.4 million ranked among Cyprus’ 50 highest-value deals completed between January and June, according to real estate analytics firm Ask Wire.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Examining the country’s biggest sales across all districts, the report found that the 10 largest transactions alone accounted for €161.7 million, highlighting the concentration of activity at the upper end of the market.

Limassol Extends Its Lead

A €55 million sale involving a building and adjoining fields in Moni was the largest property transaction recorded during the period.

Six of the country’s 10 biggest deals took place in Limassol, with a combined value of €117.2 million. Paphos followed with three transactions worth €35.5 million, while Larnaca recorded one €9 million sale.

Across the broader ranking, Limassol’s 10 largest transactions reached €148.2 million, representing 51.7% of the total value of the top 50 deals. Paphos followed with €68.8 million (24%), while Nicosia recorded €26.7 million. Famagusta narrowly surpassed Larnaca, reaching €21.4 million compared with €21.2 million.

Land Continues To Drive High-Value Deals

According to Ask Wire CEO Pavlos Loizou, land acquisitions continue to dominate Cyprus’ largest property transactions.

“The land market dominates the list of the 10 highest-value property transactions, with seven sales involving fields and plots.”

Many of those sites are expected to be developed into luxury residential and hospitality projects, he added.

Office Demand Remains Strong

Growing demand for office space also reflects the expansion of international companies establishing operations in Cyprus, Loizou said.

“We continue to observe growing demand for office properties, reflecting the expansion of the new ecosystem of international companies that has been establishing itself in Cyprus in recent years.”

Eight of the 10 largest transactions were completed during the first quarter of 2026, with activity slowing in the following three months.

Loizou said the slowdown may reflect investor caution linked to the conflict in the Middle East, which appears to have influenced investment decisions during the second quarter.

Breaking news