Short-term rent pricier in occupied Cyprus

In 2022, there was a 27% increase in Airbnb income in the occupied territories, with the annual revenue per accommodation unit reaching 24,000 euros. Speaking before the Cypriot Parliament's Trade Committee, Konstantinos Karakontis, the president of the Association of Self-catering Accommodation, also mentioned a projected 50% increase for 2023. The average nightly rate is €120, surpassing that of the free areas on the island.

These reports were presented in Parliament, specifically in the Commerce Committee, which discussed the absence of references to the occupation status in Cyprus on online booking platforms for hotels and tourism accommodations.

The debate also covered the possibility of tourists, using these platforms, making reservations in the occupied areas. AKEL MP Andreas Pasiourtides emphasized the need for clear indications regarding the location's status...