Breaking news

Hoteliers Challenge British Tabloid Reports On Reduced Bookings in Cyprus

Recent claims by the British tabloid Daily Express about a significant drop in tourist bookings in Cyprus have been refuted by local hoteliers. The tabloid’s report, which describes a “crisis” potentially costing the sector £30 million, has been labelled as outdated by Philokypros Roussounides, Director General of the Cyprus Hotels Association (CHA). According to Roussounides, the article references data from several months ago and does not reflect current realities, such as the addition of new flights and stable tourist arrivals matching last year’s levels.

Chrysemili Psilogeni, General Manager of the Association of Cyprus Travel Agents (ACTA), acknowledged a decline in bookings earlier this year but noted that airport arrivals have recently increased. However, she pointed out that arrivals do not necessarily equate to hotel bookings, as tourists often opt for short-term rentals or stay in the island’s Turkish-occupied areas.

Resilience and Future Prospects

Roussounides emphasised the resilience of the tourism sector amid ongoing challenges, including geopolitical instability. He underscored the importance of continuing to invest in and strengthen the sector to maintain and improve current levels of tourist arrivals.

Meanwhile, Psilogeni highlighted the need to attract higher-quality tourism and extend the tourist season to enhance the sector’s sustainability. This approach aims to counterbalance any potential fluctuations in tourist numbers and expenditure due to external economic pressures.

Government and Industry Response

The Deputy Minister of Tourism, Kostas Koumis, had previously expressed optimism that tourism targets would be met based on data from the first four months of the year. His comments align with the industry’s cautious optimism, reflecting a broader confidence in Cyprus’s ability to weather short-term setbacks and continue its trajectory of tourism growth.

MENA Venture Capital Stable As International Investor Activity Shifts

A Data-Led Analysis Of Investor Behavior In A War-Affected Region

Venture capital activity in the Middle East and North Africa remained relatively stable one month after the escalation of regional conflict. Early data, however, indicate changes in investor behavior rather than immediate shifts in funding totals. Initial signals are visible in investor participation, capital allocation, and deal pipeline activity.

Venture Markets And The Lag In Response

Funding announcements reflect decisions made months earlier, meaning that today’s figures do not capture the full impact of current events. Investors typically adjust strategies gradually, signaling future shifts long before they are immediately visible in total funding numbers.

International Capital As The Key Pressure Indicator

Participation of international investors remains a key indicator across the MENA venture market. Global capital has historically accounted for a significant share of funding in the region. Following global interest rate increases, international participation declined through 2023. This shift was reflected in lower cross-border deal activity, more cautious capital deployment, and longer fundraising timelines.

Implications For The Broader Startup Ecosystem

Changes in international investor activity affect multiple parts of the startup ecosystem. A recovery in participation was recorded in 2024 and continued into 2025, supporting funding activity and cross-border investment. If uncertainty persists, potential effects include slower investment decisions, reduced cross-border engagement, and extended fundraising cycles. International capital also plays a role in supporting larger funding rounds and access to global networks.

Next Steps For Stakeholders

International capital represents one of several factors shaping venture activity in the region. Its movement often precedes changes in late-stage funding, startup formation, and exit activity. Investors, policymakers, and ecosystem participants rely on data and scenario analysis to assess these trends and adjust strategies.

For A Deeper Insight

Further analysis on venture activity, capital flows, and geopolitical impact across the region is available in the full MAGNiTT report.

Aretilaw firm
The Future Forbes Realty Global Properties
eCredo
Uol

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter