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Ammochostos Hotels Open For Season Despite 42% Drop In Bookings

Introduction

Hotels in the Ammochostos region are proceeding with planned openings despite weaker bookings linked to regional tensions. Operators expect higher occupancy during the Easter period, supported by packages targeting domestic travelers.

Hotel Openings And Adjusted Operational Timelines

Panagiotis Konstantinou, President of PASYXE Ammochostos, said 65 hotels in Ayia Napa and Protaras are already operating, with the remaining properties scheduled to open by the end of the month. A total of 252 accommodations are expected to be fully operational by the end of April. Bookings are down by about 42%, although cancellations have decreased, indicating potential stabilization in demand. Hoteliers are introducing local tourism offers for Easter to increase occupancy in the coming weeks.

Enhanced Local Attractions And Seasonal Appeal

Restaurants and other tourism businesses have also resumed operations across the region. Municipalities, including Ayia Napa and Paralimni-Deryneia, are preparing for increased visitor activity. George Tofinis, President of ETAP Ammochostos, said the region offers a mix of cultural and outdoor activities, including religious events and coastal excursions. Spring conditions support outdoor tourism beyond the peak summer season.

Sporting Events And Strategic Tourism Development

Tourism authorities are promoting a series of sporting events to support seasonal demand. Scheduled events include a football academy tournament in early April, the Cyprus Road Race Grand Prix in Protaras and the International Open Water Swimming Cup on April 18–19, 2026. These events are expected to attract participants and visitors, contributing to early-season tourism activity. Event-driven demand remains a key component of regional tourism strategy.

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

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.

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.

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