Hotel turnover in Cyprus fell by 10.1% in Q2

Turnover in Cyprus’s services sector diverged across industries in the second quarter of 2026: professional, scientific and technical services increased by 3.4% compared with the same period last year, while hotels and food services declined by 3.1%. This is according to data from the Statistical Service of Cyprus (CyStat).

The hotel segment itself saw the sharpest decline: its turnover fell by 10.1% over the quarter. Food services, meanwhile, grew by 4.5%. Travel agencies and reservation services performed even worse, falling by 13.8%—one of the weakest results across Cyprus’s entire services sector.

Transport and storage grew by 2.1% overall, but there was a wide divergence within the sector: land transport and transport via pipelines increased by 8.3%, water transport fell by 5.9%, and air transport by 5.8%. Real estate activities grew by 1.6%, while administrative services declined by 2.2%.

Information and communication grew by the same 2.1%, driven by a single segment: turnover in information services surged by 57.5%. Film, video and television programme production, sound recording and music publishing, meanwhile, declined by 19.2%. Within professional services, architectural and engineering activities and technical testing grew by 9%, advertising and market research by 7.2%, and legal and accounting services by 4.6%.

The picture was the same in the first half of 2026: professional, scientific and technical services grew by 3.5%, transport and storage by 2.8%, real estate by 2.1%, and information and communication by 1.3%. Hotels and food services declined by 0.7% over the six months, while administrative services fell by 1%. Information services increased by 47.6% over the first half of the year, and architecture and engineering by 11.8%.

For comparison, according to Eurostat data, services output in the euro area fell by 0.3% in June compared with May, after rising by 0.7% a month earlier. Compared with June 2025, the indicator remained 1.5% higher.