Opens in a new tab

Breaking news

Cyprus Hotel Bookings Decline As Middle East Tensions Weigh On Demand

Booking Declines Signal Looming Slowdown

Hoteliers in Ayia Napa, Protaras and Larnaca are reporting a slowdown in bookings ahead of the new tourism season, as tensions in the Middle East continue to affect travel demand. Operators say cancellations have increased in recent weeks, particularly in key resort areas.

Shifting Reservation Dynamics

Recent data show that most cancellations are concentrated in April and May, just as hotels prepare to reopen for the season. Panayiotis Constantinou, president of the Famagusta Hoteliers Association (Pasyxe), said existing summer bookings remain largely stable. However, the lack of new reservations from key European markets is becoming a growing concern.

Calls For Targeted State Intervention

Industry representatives are calling for additional government support, including an extension of unemployment benefits for hotel staff affected by delayed demand. Such measures are seen as necessary as hotels reopen with lower-than-expected occupancy levels.

Challenges In Larnaca And Broader Mediterranean Trends

In Larnaca, cancellations have reached around 35%, while new bookings are estimated at roughly one-tenth of last year’s levels, according to Marios Polyviou, president of the local hoteliers’ association. The district has been particularly affected due to its reliance on visitors from Israel, traditionally one of its main markets.

Similar trends are being observed across other Mediterranean destinations, including Spain, Greece and Turkey, as travellers remain cautious. At the same time, there are early signs of potential recovery. Flights from Tel Aviv’s Ben Gurion Airport may resume by late April, which could support a gradual return in bookings.

Apple Schedules October 28 Event As Focus Shifts To Pro Devices And Macs

Apple has invited media and analysts to an event in Los Angeles on October 28, signalling a new product launch focused on its high-end devices. The company described the gathering as an “Apple Experience in Los Angeles”, accompanied by the teaser line “Pro and tell”.

The wording suggests a focus on professional-grade products, potentially powered by Apple’s latest in-house chips. The event also comes as the company appears to be moving towards a more frequent product launch schedule under chief executive John Ternus.

A More Aggressive Launch Rhythm

Ben Reitzes, an analyst at Melius Research, said in a Monday note that he expects Apple to unveil new Macs this autumn, including what he described as a touchscreen notebook. He also suggested that Ternus is introducing a “meaningful shift” from the two major annual events that characterised the Tim Cook era.

The October showcase will be Apple’s third product event under Ternus, who succeeded Cook last month. Previous launches included new iPhones, among them the foldable Duo, as well as a separate New York event focused on smart home hubs and HomeView, a screen-equipped speaker.

Macs Move Back Into Focus

Apple refreshed the Mac Mini and Mac Studio with new chips in August and updated the MacBook Pro in the spring, alongside the lower-priced MacBook Neo. The iMac, however, has not received an update since October 2024, leaving room for further announcements.

Mac revenue accounted for roughly 10% of Apple’s total sales in the most recent quarter, highlighting the iPhone’s continued importance to the business. Nevertheless, Macs have become one of the company’s stronger assets in artificial intelligence, partly because their chips can access more memory at higher speeds than many consumer processors.

AI Partnerships Add Strategic Significance

Apple’s Mac strategy is gaining importance as the company develops its artificial intelligence offering. Last week, Apple and Meta announced a partnership to bring a large open-weight model developed by Meta to multiple high-end Mac Studio systems.

A potential move towards touchscreen laptops would also mark a departure from Apple’s historical position. In 2018, software chief Craig Federighi argued that the ergonomics of touchscreen laptops could fatigue users, reflecting the company’s long-standing resistance to the format.

Apple shares have risen 26% this year, outperforming the S&P 500 as investors continue to respond to the company’s hardware margins and evolving AI strategy.

The October 28 event will provide another indication of how Ternus plans to reshape Apple’s product cycle and position its premium devices in an increasingly competitive technology market.

Uol
The Future Forbes Realty Global Properties
eCredo
Aretilaw firm

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter