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Technology Conferences And Business Travel Help Limassol Offset Tourism Weakness

Limassol’s tourism sector is facing a challenging year, but business travel, international conferences and the city’s growing technology sector are helping offset weaker leisure demand.

That is the assessment of Christos Tsanos, president of the Limassol branch of the Cyprus Hoteliers Association (Pasyxe), who said conference and corporate travel have become increasingly important as holiday bookings remain under pressure.

Business Travel Helps Offset Weaker Tourism

Speaking to Entrepreneurial Limassol, the publication of the Limassol Chamber of Commerce and Industry (Evel), Tsanos said the sector’s recovery has been slower than expected, partly because many travellers plan holidays to Cyprus well in advance.

Uncertainty began affecting bookings in February and March, he said, leaving visitor numbers down by around 20% in the first quarter of 2026 compared with the same period last year.

The slowdown deepened in April, May and June, when Limassol recorded roughly 25% fewer visitors than a year earlier.

“There is still a problem,” Tsanos said.

From May onwards, however, hotels and tourism operators stepped up efforts to attract conference delegates, business travellers and corporate events.

Limassol Expands Its MICE Strategy

As leisure demand softened, the city strengthened its presence at international exhibitions, including ITB Berlin and IMEX Frankfurt, while promoting itself as a destination for meetings, incentives, conferences and exhibitions (MICE).

Working alongside the Limassol Tourism Development and Promotion Company, Pasyxe and other stakeholders, the city has focused on attracting more international business events.

Tsanos said conference delegates have generally proved more willing to travel than leisure visitors, helping support hotels and the wider tourism industry.

Technology Events Gain Importance

Tsanos said technology, innovation and business conferences are becoming an increasingly important part of Limassol’s economy.

He added that international events generate spending well beyond hotels, benefiting restaurants, transport providers, retail businesses and other local services.

Looking Beyond The Coast

Looking ahead, Tsanos said Limassol should continue investing in tourism infrastructure and public transport while encouraging visitors to explore destinations beyond the coastline.

He argued that better transport links would make it easier for tourists to reach the Troodos foothills, forests, nature trails, waterfalls and reservoirs, broadening the district’s tourism offering.

Challenges Still Remain

Tsanos also welcomed Limassol’s integrated resort and casino, saying its conference facilities have strengthened the city’s ability to host major international events.

Despite that progress, he identified illegal short-term rentals and worsening traffic congestion as the sector’s biggest long-term challenges.

He said all accommodation providers should operate under comparable regulatory standards to ensure fair competition, while improvements to public transport and wider mobility infrastructure will be essential as Limassol continues to attract international companies and business travellers.

Cyprus Promotes Ship Registry In Asia As Fleet Grows To 25-Year High

Cyprus is stepping up efforts to attract international shipowners, with Shipping Deputy Minister Marina Hadjimanolis holding high-level meetings in China and Japan as the country’s ship register reaches its strongest level in 25 years.

Running from October 14 to 29, the Asian mission focuses on expanding commercial ties, promoting the advantages of the Cyprus flag and strengthening cooperation with shipowners, shipbuilders and maritime authorities.

China Meetings Target Shipowners And Industry Leaders

In Shanghai, Hadjimanolis met Wang Qian, vice-director of the Shanghai Pudong New Area Commission of Commerce and Shipping Service Office, ahead of the North Bund International Shipping Forum on October 20–21. Organisers expect around 4,000 participants from more than 50 countries and regions, with discussions covering international shipping, maritime safety, financing, insurance, digitalisation and the transition to cleaner fuels.

The minister also met representatives of Dalian Trawind Shipping and Fortuna Shipbrokers Inc. to present the Cyprus registry’s advantages and explore registration opportunities for vessel owners. On October 20, she is scheduled to speak at the 10th Annual Capital Link International Shipping Forum in Pudong, joining a ministerial roundtable on international maritime leadership.

A visit to Zhoushan is also planned for the naming ceremony of Kypros Island, a new vessel for the Cyprus register owned by Safe Bulkers. Launched in June at the Tsuneishi shipyard on Xiushan Island, the 81,200-deadweight-tonne methanol dual-fuel bulk carrier is scheduled for delivery at the end of October. According to the Zhejiang Maritime Safety Administration, sea trials were due to take place between October 11 and 16.

Japan Engagements Strengthen Maritime Ties

Before travelling to China, Hadjimanolis met Japan’s Parliamentary Vice-Minister for Land, Infrastructure, Transport and Tourism, Kenta Aoshima, in Tokyo on October 16. Her programme also included meetings with senior representatives of Shoei Kisen Kaisha, Nihon Shipyard, NYK Line, ITOCHU Corporation and SSY Projects, focusing on cooperation with Japanese shipowners, shipbuilders and shipping operators.

At the 5th Annual Capital Link Japan Maritime Forum, held at the Tokyo American Club, Hadjimanolis discussed maritime leadership, competitiveness, policy and international cooperation with Capital Link founder and president Nicolas Bornozis. Other sessions examined Japan’s shipbuilding strategy, new-vessel financing and the development of ammonia-powered ships.

The Tokyo programme followed a Cyprus Ship Registry reception on October 15 for representatives of Japan’s maritime and business communities. Hadjimanolis outlined the country’s shipping services and regulatory framework, while Polys Hajioannou, chief executive of Safe Bulkers and president of the Cyprus Union of Shipowners, delivered the opening remarks.

Registry Reaches Highest Level In 25 Years

At the reception, Hadjimanolis said the Cyprus Ship Registry had grown by 27% since September 2023, reaching its highest level in a quarter of a century. She attributed the expansion to efforts to improve competitiveness, simplify administrative procedures and provide more responsive services to international shipowners.

Cyprus’s inclusion on the White Lists of the Paris and Tokyo Memoranda of Understanding was another point highlighted by the minister. These lists reflect the safety and inspection performance of ships flying a national flag.

Existing commercial links with Japan include Safe Bulkers’ announcement in May of four Japanese-built dry bulk vessels scheduled for delivery in 2029.

South Korea Next On The Maritime Agenda

Hadjimanolis’ mission will continue in South Korea, where she is expected to attend the 2026 World Maritime Day Parallel Event and Korea Maritime Week alongside International Maritime Organization Secretary-General Arsenio Dominguez and government representatives from several countries.

Her programme will also include discussions on implementing international maritime conventions and bilateral talks aimed at strengthening Cyprus’s shipping ties with South Korea.

The Asian outreach comes as maritime centres compete for shipowners amid geopolitical uncertainty, fleet renewal and pressure to reduce shipping emissions. For Cyprus, the strategy combines promotion of its registry with closer relationships across Asia’s shipbuilding and shipping sectors.

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