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Cyprus Tourism Arrivals Decline Eases, But Full-Year Forecast Still Points To A 5% Drop

Speaking at a meeting with the deputy ministry, the hoteliers’ association Pasyxe and tourism bodies in Limassol, Tourism Minister Kostas Koumis said the year is now expected to close with a decline of around 5%, despite what he described as a successful response to earlier disruptions.

Summer Losses Narrow As Recovery Takes Shape

The decline eased to around 1% in June and just over 1% in July, while August data have not yet been released. The first seven months recorded an 8% decline, Koumis said.

“The total percentage for the first seven months of the year has dropped to 8 per cent, and I emphasise the word dropped because it indicates that the decrease is clearly now on a downward path,” Koumis said.

He pointed to the crisis earlier this year, when a drone strike at RAF Akrotiri and the US-Israeli conflict with Iran triggered thousands of cancellations and a freeze in reservations. Authorities responded with a series of measures as the scale of the disruption became clear, he said.

Limassol’s Capacity Challenge Remains

Limassol Tourism Board President Andreas Tsouloftas said the conversion of small hotels into short-term residential units has reduced available bed capacity. He said this limits the city’s ability to expand beyond its current 12% share of national tourism.

“It would be a good thing if there were interest or some incentives to increase these beds, instead of focusing on just attracting higher spending visitors,” he said.

Pollution Concerns Remain With Shipping Authorities

Asked about reported pollution off the Limassol coast, Koumis said the issue falls under the responsibility of the deputy shipping ministry.

“We know that the issue has already been analysed, it will be managed by the competent authorities of the country and from there on we hope that a solution will be found in the long term,” he said.

Tourism Groups Strengthen Promotion

Pasyxe’s Limassol chief Christos Tsanos said the association is strengthening promotional efforts with the Employers and Industrialists Federation (Oev), the Cyprus Chamber of Commerce and Industry (Keve) and the municipality.

Cyprus Business Electricity Prices Rank Among The EU’s Highest

Electricity prices for a defined group of non-household consumers in Cyprus reached €0.23 per kilowatt-hour in the first half of 2026, placing the country among the most expensive in the EU, according to Eurostat.

The rate matched Italy and exceeded the EU average of €0.18. Ireland recorded the highest price at €0.27 per kilowatt-hour.

The figures cover non-household consumers with annual electricity consumption of between 500 and 2,000 megawatt-hours, rather than all businesses or households.

EU Electricity Prices Continued To Fall

Across the EU, average prices for this consumer group declined by 2% compared with the second half of 2025 and were 5.4% lower year on year.

The lowest rates were recorded in Finland (€0.09 per kWh) and Sweden (€0.12), followed by Denmark, Spain and Portugal, all at €0.13.

Prices Fell In Most Member States

Electricity prices declined year on year in 19 EU countries during the first half of 2026. Luxembourg recorded the largest fall, at 23.8%, followed by Czechia (11.9%) and Greece (11.8%).

Prices increased in eight member states, led by Sweden (18.8%), Finland (18.7%) and Bulgaria (14.2%). Despite the sharp increases, Finland and Sweden continued to have the lowest electricity prices in the bloc.

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