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Cyprus Hotel Occupancy Stays Stable in 2025 as Profit Pressures Persist

Stable Occupancy Levels Signal Predictable Growth

The hotel sector in Cyprus sustained occupancy levels in 2025 that were largely consistent with the previous year, and even showed modest gains in certain segments. According to the Cyprus Hoteliers Association, this marks a second consecutive year of stable performance, setting the foundation for a predictable operating environment.

Profitability Remains The Critical Challenge

Thanos Michaelides, President of the Cyprus Hoteliers Association, emphasized that while occupancy figures confirm a successful year, the real determinant of long-term viability lies in profitability. Michaelides pointed out that increased revenues have been offset by high operating costs, notably in the area of energy expenses. This discrepancy underscores the need for the industry to focus on financial efficiency as a complementary factor to occupancy performance.

Investment And Operational Strategies For A Sustainable Future

Looking ahead, Michaelides is optimistic that sustained performance into 2026 could bolster initiatives aimed at year-round operations. He stressed the importance of continuous investments to enhance services and upgrade facilities, noting that such capital improvements are viable only when supported by robust profit margins. This strategic reinvestment is seen as crucial for maintaining competitive edge and service excellence.

Labour Stability And Service Quality: The Twin Pillars Of Success

Addressing labour market concerns, Michaelides highlighted progressive steps taken in streamlining work permit processes for personnel from third countries. These workers, now the backbone of the hotel industry, benefit from proposals submitted to the Ministry of Labour to secure full-time stability. Such measures are instrumental in nurturing experienced teams, which are vital for delivering high-quality service — a factor that the President regards as the linchpin in enhancing Cyprus’s global reputation as a tourist destination.

The Long-Term Impact On Cyprus Tourism

Michaelides asserts that maintaining excellent service quality not only ensures a consistent influx of visitors but also fosters a loyal customer base. Returning tourists ultimately become ambassadors for the island, reinforcing Cyprus’s position on the international tourism stage. With stable occupancy figures and ongoing strategic investments, the road ahead for the Cypriot hotel sector appears promising despite the persistent challenge of aligning profitability with revenue gains.

SEC Drops Lawsuit Against Gemini: A Major Turning Point In Crypto Regulation

SEC Dismisses Legal Action Against Gemini

The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss. The move follows a joint court filing in which both the regulator and Gemini sought dismissal of the case that centered on the collapse of the Gemini Earn investment product, a debacle that left investors without access to their funds for 18 months.

Settlement And Regulatory Reassessment

In a significant development, a 2024 settlement between New York and Gemini ensured that investors recovered one hundred percent of their crypto assets loaned through the Gemini Earn program. The legal reprieve comes on the heels of actions initiated by New York Attorney General Letitia James, who accused Gemini of defrauding investors.

Political Backdrop And Industry Implications

This dismissal reinforces a broader trend of regulatory leniency toward the crypto sector noted during the Trump administration, which saw the SEC dismiss, pause, or reduce penalties in more than 60 percent of its pending crypto lawsuits. Meanwhile, Gemini’s recent public offering filing underscores its ambitions to solidify its status as a major player in the evolving digital asset market.

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