Lordos Hotels (Holdings) Public Ltd has announced that its results for the first half of 2026 are expected to fall below last year’s levels, as geopolitical tensions in the Middle East continue to affect Cyprus’ tourism sector.
- As Lordos Hotels prepares for the upcoming months, its commitment to maintaining shareholder returns amidst challenging market conditions remains a focal point for the company.
The hotel group attributed its weaker performance to lower occupancy rates at its properties, which reflect the ongoing pressures faced by the industry due to regional instability. In a statement, the company noted, “The results for the first half of 2026 are expected to be lower compared to those for the same period last year,” highlighting the impact of these tensions on travel demand.
Despite these challenges, Lordos Hotels is committed to its shareholders, as evidenced by their recent annual general meeting held on June 24, where the board of directors proposed a dividend payout of €0.04 per share. This decision comes even as the company grapples with a decline in performance, showcasing its dedication to returning value to its investors.
The approved dividend represents 11.76 per cent of the nominal value of the share and is set for record on July 6. Transactions finalised by the end of the trading session on July 2 will be eligible for this dividend. Following this, shares will trade cum dividend until July 2 and ex-dividend from July 3.
Investors whose off-floor transactions are entered into the Dematerialised Securities System by the record date will also qualify for the dividend. The anticipated payment date is scheduled for July 15, although the exact date will be confirmed in a forthcoming announcement.
Reflecting on the previous year, Lordos Hotels had enjoyed a more robust performance in 2025, characterised by higher occupancy levels and increased revenue per room across its properties. However, the current forecasts suggest a stark contrast, as the company navigates the uncertainties of the tourism landscape impacted by external geopolitical factors.
As Lordos Hotels prepares for the upcoming months, its commitment to maintaining shareholder returns amidst challenging market conditions remains a focal point for the company.
