5 Minute News

Yannik Schmidt-Grimm and the Growth of Hospitality in Cyprus

April 18, 2026

Yannik Schmidt-Grimm, founder of dreamfactory Hospitality, has been included in the Forbes 30 Under 30 Europe 2026 list for his business activities in Cyprus. He began his hospitality venture in 2023 and now manages over 350 lodging units across Europe. His technology platform, Foyera, automates guest communication, aiming to reduce operational costs. Paphos has become a base for his growth due to the opportunities it offers. His goal is to internationalize his operations and expand into new markets.