Cyprus Tops 5.5 Million Overnight Stays As Summer Dominates EU Tourism

Cyprus recorded more than 5.5 million overnight stays in tourist accommodation during July and August 2025, highlighting the island’s continued reliance on the peak summer season, according to data released by Eurostat.

Peak Season Continues To Dominate

The EU statistical office reported 2,627,725 overnight stays in Cyprus in July and 2,953,148 in August, bringing the combined total for the two busiest months of the year to 5,580,873.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Visitor numbers remained strong into the shoulder season, with 2,484,732 overnight stays recorded in September and 2,382,970 in October, before dropping to 859,936 in November and 504,843 in December.

Seasonality Remains A Defining Feature Of European Tourism

Across the European Union, 31.1% of all overnight stays in tourist accommodation during 2025 were concentrated in July and August, which were the busiest tourism months in every member state.

According to Eurostat, seasonal travel patterns continue to be shaped by factors such as climate, geography and school holidays. For Mediterranean destinations, those factors concentrate demand into a relatively short period, creating opportunities during the summer while increasing pressure to attract visitors throughout the rest of the year.

Cyprus Among Europe’s More Seasonal Markets

Croatia recorded the strongest seasonal concentration in the EU, with 54.5% of annual overnight stays taking place in July and August. Bulgaria followed with 43.4%, while Greece recorded 41.6%.

At the opposite end of the ranking, Malta had the lowest share of overnight stays during the peak season at 21.9%, followed by Germany at 24.0% and Finland at 24.1%.

August Remained The Busiest Month

Across the EU, August was once again the busiest month for tourism. Eurostat said the number of overnight stays that month was 3.6 times higher than in January, the quietest month of the year.

The contrast was even more pronounced in some destinations. In Croatia, overnight stays in August were 41.1 times higher than in January, while Greece recorded a ratio of 20.5.

For Cyprus, the figures underline the importance of the summer season to the tourism industry while also highlighting the role of the shoulder months in extending visitor activity beyond the traditional peak period.

The Future Forbes Realty Global Properties

Mercedes-Benz Posts Higher Profit Despite China Slowdown

by THEFUTURE.TEAM

July 29, 2026

Mercedes-Benz reported stronger-than-expected second-quarter results, lifting its shares on Tuesday despite mounting pressure from Chinese automakers and a weaker outlook for sales and revenue.

The earnings provided a boost for Europe’s auto sector, where manufacturers continue to grapple with tariffs, softer demand and intensifying competition from Chinese rivals. Volkswagen, Mercedes-Benz and BMW have all accelerated restructuring efforts in response.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Cost Discipline Lifts Quarterly Profit

Mercedes-Benz shares rose as much as 5.9% following the results before trimming gains to trade 3.5% higher by 1118 GMT. The company reaffirmed its profit margin guidance for its core passenger car business after reporting an adjusted return on sales of 4.0% for the second quarter, above market expectations and within its 3% to 5% target range.

“In an environment where some automakers are ringing alarm bells on their competitive positioning, Mercedes delivered a clear and confident message,” Morningstar analyst Rella Suskin said.

Second-quarter operating profit increased 22% to €1.5 billion ($1.7 billion), despite a 3% decline in revenue. Lower administrative and research and development costs, together with strong performances from the financial services and vans divisions, supported earnings, while the results also included a €131 million gain related to the planned sale of leasing subsidiary Athlon.

China Remains The Key Pressure Point

Despite stronger profitability, Mercedes continues to face a challenging market environment. Sales in China fell 30% during the second quarter, prompting the company to abandon earlier expectations for stable car sales and group revenue. It now expects both to decline slightly from a year earlier.

BMW also lowered its outlook in June following a deeper-than-expected slowdown in China, highlighting the pressure facing Germany’s premium carmakers. At the same time, Mercedes said Chinese manufacturers are increasingly expanding into European markets, although Chief Executive Ola Kaellenius said their focus remains on higher-volume segments rather than the premium market.

“But that is not a reason to sit back and be relaxed,” he said.

Manufacturing Shift Continues

Mercedes is also reshaping its manufacturing footprint. The company said its German factories will undergo a more aggressive push toward leaner production, although it declined to provide further details while talks with labour representatives continue. Production is also being expanded in lower-cost Eastern European locations, including Hungary, where the company is increasing capacity at its Kecskemet plant, as well as in Poland.

Chief Financial Officer Harald Wilhelm said the full-year margin for the passenger car division is expected to come in at the lower end of the company’s guidance range, reflecting a higher share of electric vehicle sales in Europe, which remain more expensive to produce and continue to weigh on profitability.

“We must continue to work flat out to reduce costs so that we can remain competitive on the prices of our products,” Kaellenius said.

Breaking news