The number of registered short-term rental properties in Cyprus has increased significantly, reaching 8,248 properties from 4,765 in April 2025, Deputy Tourism Minister Kostas Koumis said on Tuesday.

Speaking after the meeting of the House tourism committee, Koumis said progress in the implementation of legislation regulating the operation of self-catering, short-term rental accommodations was discussed.

Regarding the outlook for 2025, Koumis referred to the dual record in revenues and arrivals achieved in 2024, adding that 2025 was expected to be equally strong. He said that the key challenge was the extension of the tourism season.

The deputy minister pointed out that, with the completion of pending applications, the registration rate will increase even more. Currently, 1,275 applications are awaiting approval, while an additional 1,170 are pending.

Koumis said the increase in registrations was due to targeted awareness campaigns by the deputy ministry.

In April 2023, the registry included 4,765 properties with 7,138 beds, while today the number stands at 8,248 properties offering a total of 36,640 beds.

“The issue requires a holistic approach,” Koumis said, adding that an amendment to legislation to address the issue has been submitted to the Law Office for scrutiny. He noted that different destinations within Cyprus, such as Nicosia and coastal areas, require different policy approaches.

While acknowledging the economic contribution of short-term rentals, Koumis said the sector was competing with the hotel industry, presenting regulatory challenges.

“The broader tourism experience is shaped by the overall image of a destination and the first impression given by its hospitality sector,” he said.

Regarding 2025, Koumis said he was optimistic that it would be another record year for Cyprus’ tourism sector, after record revenue and arrivals in 2024.

“In a two-year span, we have fully recovered from the loss of the Russian market, achieving a more than 25 per cent increase in both arrivals and revenue,” he said.

Koumis added that the primary challenge was to extend the tourism season to maintain growth beyond the usual peak months.