Opens in a new tab

Breaking news

Free Famagusta Tourism Set To End Season Down 10% As Industry Looks To 2027 For Recovery

A Season That Began Under Pressure

The tourism season in the free area of Famagusta is expected to close with losses of about 10% compared with 2025, a record year for the district’s hotel sector. Ayia Napa and Protaras started the spring with very low occupancy rates in March, as conflict in the Middle East weighed on travel demand and disrupted booking patterns.

Conditions improved as the season progressed. By August, occupancy was only marginally below last year’s level, while September returned to similar performance. “In August, we recorded occupancy of around 90%, slightly below 2025. Given the circumstances, we are satisfied, because the situation could have been worse,” said Panayiotis Constantinou, president of PASYXE Famagusta. He added that state support in April and May also helped offset the early-season downturn.

A More Resilient Summer Than Expected

Despite the weaker start, the district’s hotel market remained active through the summer months. According to Constantinou, most properties are currently operating at occupancy levels of 80% to 90%, reflecting solid demand from key European markets.

The main inflows continue to come from the United Kingdom, but there is also meaningful traffic from Scandinavia, Poland and Central Europe, including Austria, Germany and Switzerland. Israeli visitors have also become an important source of demand, supported by frequent daily flights and strong booking activity across Cyprus, not just in Famagusta.

October Is Softer, But Last-Minute Bookings Offer Hope

Interest in October is currently around 10% lower than last year, though hotel operators are hoping that late booking behavior will once again help fill rooms. The trend of last-minute reservations has been especially pronounced this year, giving the sector some degree of flexibility late in the season.

Most hotels are expected to close in early November, with a substantial number remaining open until the end of that month. After that, only the traditionally year-round properties, roughly 10 in total, will continue operating.

The Industry Is Betting On 2027

Tourism stakeholders in the region are now focusing on 2027 as a potential turning point for extending the season. Local bodies have already begun coordinating with ETAP and PASYXE Larnaca to increase flight availability at Larnaca Airport during March and November, two months that could materially improve season length and occupancy.

“We have already held one coordination meeting and will continue more intensively in the coming months, with meetings with the Deputy Ministry of Tourism, Hermes Airports and tour operators, in order to extend the season at least for November and March of 2027,” Constantinou said. “There is common ground and a real effort to strengthen Larnaca Airport. We want more flights during those two months, and this is not only about Larnaca and free Famagusta.”

For the region’s hotel operators, the message is clear: after a year shaped by geopolitical uncertainty, the priority is not simply recovery, but a longer and more resilient tourism calendar.

AI In Practice Brings Business Leaders Together To Learn, Unlearn And Relearn

AI in Practice: Changing the Future of Business takes place on Monday, 19 October 2026, at the Cultural Center of European University Cyprus in Nicosia, under the auspices of the Chief Scientist of Cyprus, Demetris Skourides.

Organised by Panis.News with co-organisers GrantXpert Consulting and Future Skills Hub at European University Cyprus, the event will bring together founders, SME owners and senior executives to examine practical uses of artificial intelligence.

The evening runs from 18:00 to 22:30. Tickets will be available until 12:00 noon on Monday, 19 October, Cyprus time.

For business leaders, the challenge is deciding where AI can deliver results. The programme will explore how to identify useful applications, prepare teams and connect technology investment with business needs. Demonstrations, case studies and direct questions to speakers will help attendees assess their next steps.

Panis Pieri, Founder of Panis.News, said:

“Business leaders need space to ask questions, challenge assumptions and learn from people applying AI. We created AI in Practice to make that conversation accessible and useful. We want attendees to leave with a clearer idea of what they can do next in their own businesses.”

Dr Celia Hadjichristodoulou, Founder and Managing Director of GrantXpert Consulting and Future Skills Hub, said:

“Working out where AI belongs in your business takes real thought about your customers, your processes and your people.”

AIA.Labs supports the event as the Gold Partner. Its founder, Sotiris Makrygiannis, said:

“In the 70s we learnt how to punch a card to go to work or program a timesharing computing machine, in the 80s the personal PC and office tools, in the 90s the modem and basic internet, in the 2000s mobile internet plus web shopping, and by 2010 the mobile apps. Now it’s time to learn how to practically use AI and that alone is the most disruptive thing an individual can do today. We are happy to sponsor the event because theory needs a practical application.”

The Agenda

– 18:00–18:30: Registration and networking.

– 18:30–18:50: Welcome remarks from Panis Pieri, Dr Celia Hadjichristodoulou and EUC Rector Professor Loizos Symeou.

– 18:50–19:00: Interview with Chief Scientist Demetris Skourides.

– 19:00–19:20: The AI Revolution. Why should you care? by Monica Odysseos, Head of AI and Data Lab of Grant Thornton.

– 19:20–19:40: From Business Pain Points to AI Transformation: A CEO’s Roadmap to Real Results by George Malekkos, CEO of POWERSOFT Computer Solutions & AI-Driven Business Transformation Architect & President of CITEA.

– 19:40–20:20: AI and the Future of Business: Will Your Business Be Here in 2030? by Paris Thomas, Executive Advisor on AI & Strategy, Founder at Rapid Visual / Strapivo

– 20:20–21:00: Questions and answers with the speakers.

– 21:00–22:30: Networking over drinks and bites.

The Challenge

The evening’s programme approaches the challenge from three directions.

Monica Odysseos will begin with a question that deserves a clear answer: why should you care?

Her session will explore how AI is changing the way people work, make decisions and create. Her background spans software development, accounting and applied AI, bringing both technical and business perspectives to the discussion.

George Malekkos will then examine how business problems can become starting points for AI adoption.

Where does your company lose time? Which processes cause delays? Where could you improve the customer experience?

His presentation will look at selecting useful applications, preparing teams and processes, and measuring results. For a business owner deciding where to begin, that connection between a specific problem and a measurable outcome matters.

Paris Thomas will take the discussion further with his keynote, “AI and the Future of Business: Will Your Business Be Here in 2030?”

It is a challenging question. It asks leaders to look beyond today’s workload and consider how their products, services and business models might need to change.

His hour-long session will include live AI demonstrations and enterprise case studies. It will explore how leaders can improve their current business while developing new opportunities and preparing for longer-term change.

The Event

The event will be in English.

The full programme and to book your tickets, visit: https://luma.com/ai-in-practice-cyprus

The organisers thank:

  • Silver Partners Growth Hacking Cyprus, RSEVEN, Mel’s Digital and Makkas Winery.
  • Supporters: Cyprus Computer Society, XValley Tech, Business Society Accelerator, Startup School Cyprus and Carierista.
  • Community Partners: EIT Community Hub Cyprus, CYENS, Women in Tech, Startup Greece, ECECT, CITEA, IET Cyprus and Cyprus_IT

Follow updates about the event on social media at #PanisMeetups

Uol
eCredo
Aretilaw firm
The Future Forbes Realty Global Properties

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter