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Cyprus Records EU’s Second-Fastest Growth In Short-Term Rental Stays

Cyprus recorded the second-fastest growth in overnight stays booked through short-term rental platforms across the European Union in the fourth quarter of 2025, highlighting continued demand beyond the peak summer season.

Cyprus Outperforms Much Of The EU

According to Eurostat, overnight stays booked through online accommodation platforms rose 30.1% year on year in Cyprus during the fourth quarter. Only Malta recorded stronger growth, at 37.5%, while Slovakia ranked third with an increase of 26.3%.

The figures point to sustained demand for short-term rentals during the October-to-December period, when tourism typically slows across much of Europe.

EU-Wide Demand Continues To Grow

Across the European Union, overnight stays booked through platforms such as Airbnb, Booking.com and Expedia increased by 10.9% compared with the fourth quarter of 2024.

Growth continued into 2026, with overnight stays rising 9.7% year on year to 144.3 million in the first quarter, according to Eurostat.

Cyprus Ranks Among The Longest Stays

Cyprus also recorded one of the highest average lengths of stay in the EU’s short-term rental market. Eurostat estimated an average of 18 nights per booking, placing the island behind Malta and ahead of several other Mediterranean destinations.

Spain And France Lead In Total Overnight Stays

In absolute terms, the highest number of overnight stays in the fourth quarter was recorded in Spain’s Andalusia and Canary Islands, as well as France’s Île-de-France region, which includes Paris.

Eurostat’s data cover bookings made through online short-term rental platforms and exclude overnight stays in hotels and other forms of tourist accommodation.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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