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Bank Of Cyprus Empowers Hotel Sector With Strategic Rewards Initiative

Bank of Cyprus launched a rewards program offering five times points on hotel stays paid directly with its cards between April 6 and June 30, 2026. The initiative targets domestic tourism and supports the hospitality sector during a period of weaker regional demand.

Strategic Response To Regional Uncertainties

The program was introduced as tourism flows are affected by regional tensions in the Middle East. Bank of Cyprus is positioning the offer to support local hotels and maintain activity in the sector. Tourism remains a key contributor to Cyprus’ economy, making demand support measures relevant for short-term stability.

Enhanced Rewards For Loyal Customers

Under the new program, BoC cardholders are invited to earn five times the reward points on all qualifying hotel stays. The promotion is valid for all accommodation payments made directly at the hotel using a Bank of Cyprus card between April 6, 2026 and June 30, 2026. To be eligible, payments must be made directly during check-in or check-out, bypassing third-party platforms.

Boosting Domestic Tourism And Economic Resilience

Irene Gregoriou, Chief of Consumer Banking at Bank of Cyprus, said the initiative aims to support both customers and the hospitality industry. The program links consumer incentives with increased activity in local businesses. Domestic tourism is expected to play a larger role as international demand fluctuates. Targeted promotions may help offset part of the decline in external arrivals.

Further Information And Participating Hotels

A list of participating hotels is available through the bank’s official channels. Customers can review eligible properties and program details online. Participation conditions and reward structures are defined within the promotion terms.

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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