Cyprus Hotels See 25–45% Easter Occupancy As Cancellations Persist

by THEFUTURE.TEAM

April 17, 2026

Limited Uptake During Easter

Hotel occupancy during the Easter period ranged between 25% and 45%, according to PASYXE CEO Christos Angelidis, indicating relatively weak demand. He noted that low booking levels and ongoing cancellations remain a concern. Easter is not typically a peak period for domestic hotel stays in Cyprus, as many residents opt for travel abroad or spend the holiday with family.

Seasonal Preparations And Booking Outlook

Angelidis said many hotels have already opened for the season, with full reopening across the sector expected by April 20. However, summer booking trends show limited improvement. Current reservation levels remain broadly unchanged compared to five weeks ago. “Cancellations are still taking place, and the booking pace is not sufficient to offset them,” he said.

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Efforts To Revitalize Cyprus As A Destination

Despite some stabilization, booking momentum has yet to recover. Angelidis noted that the market continues to feel the effects of recent developments, even though Cyprus is not directly at the center of the crisis. Hotels are increasing promotional efforts, including social media campaigns and direct outreach. Sales teams are also traveling abroad to strengthen partnerships and secure new bookings.

Strengthening Cyprus’ Brand Image

Angelidis emphasized the need for a consistent positioning strategy, highlighting Cyprus as a safe and established destination. “Cyprus must continue and intensify its campaign as a safe and welcoming destination, building on its long-standing tourism offering,” he said. Maintaining a continuous presence in key markets is seen as critical to restoring demand and stabilizing bookings in the coming months.

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Polymarket Confirms User Funds Stolen In Third-Party Security Breach

by THEFUTURE.TEAM

June 26, 2026

Prediction market platform Polymarket said hackers stole funds from an unspecified number of users after compromising a third-party vendor and injecting malicious code into the company’s website.

What Polymarket Says Happened

In a post on X on Thursday, Polymarket said the incident affected “some users” and that it has since contained the breach. The company added that it is contacting affected customers and will refund them in full.

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As of Thursday afternoon, however, the full scope of the incident remained unclear. A Polymarket spokesperson confirmed that the breach resulted in the theft of user funds but declined to provide additional details.

Reports Point To Phishing And Crypto Losses

Around the same time as Polymarket’s disclosure, blockchain monitoring firm PeckShield reported on X that a phishing campaign targeting Polymarket users was underway. According to the firm, approximately $3 million in cryptocurrency was stolen.

A blockchain analyst also reported similar losses, claiming the funds had been taken from more than 11 victims. Because Polymarket allows users to deposit cryptocurrency, account security remains a key consideration for its users.

Another Setback For A Company Under Pressure

The security incident comes during a difficult week for the company. On Sunday, an investigation revealed that Polymarket had paid online creators to publish deceptive videos portraying fake betting wins as genuine. In response, the company said it would audit its promotional content.

In recent days, two users also claimed on social media that funds had been stolen from their Polymarket accounts, adding to concerns over the platform’s security and user trust.

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