Cyprus is captivating UAE tourists with a 14 percent increase in visitors, thanks to improved air links and targeted promotions. Strategic partnerships and investment prospects are boosting Cyprus’s appeal as a culturally rich and accessible destination for travelers from the Middle East and Asia.
Cyprus witnessed a 15% surge in tourism revenue in February 2024 compared to the previous year, totaling €65.1 million and marking a robust 7.9% yearonyear growth in the industry. The Bank of Cyprus introduced electronic dividend distributions to enhance shareholder interactions, while Freedom Holding Corp.’s CEO discussed the company’s strategic operations, highlighting its role as a significant employer in Cyprus.
Cyprus’s hotel industry is facing a difficult summer ahead, with lower occupancy rates due to geopolitical tensions and economic issues in key markets like the UK and Israel. Efforts to attract tourists from alternative markets and enhance local businesses, especially during Easter, are in place, while Cyprus is engaging globally and bolstering financial regulations to maintain a stable business environment.
Cyprus restaurants faced a 50% decline in customers during Easter due to a mismatch in Catholic and Orthodox holiday dates, as well as a preference for private family gatherings. However, a slight increase in business was seen with the return of university students, offering a glimmer of hope for the struggling dining scene.
Cyprus hoteliers are bracing for a tough summer ahead, expecting lower occupancy rates due to geopolitical tensions and economic challenges in key markets like the UK and Israel. Efforts to diversify tourist sources and streamline workforce processes are underway to combat these obstacles amidst regional instability and a global labor shortage.
Deputy Minister Kostas Koumis’ visit to the UAE is all about building strong ties in tourism and investment. Attending key events like the Arabian Travel Market and AIM Congress, he’s making strides to connect with global leaders and explore new opportunities for Cyprus.
Kathikas Village’s Passion Play is a powerful reenactment of Jesus’s journey to Calvary, showcasing the deep devotion and cultural heritage of the community. This annual event not only strengthens community ties but also attracts tourism, ensuring that the rich history and tradition of Kathikas are preserved for future generations.
Paphos has upgraded its public transportation network with a new bus terminal in Karavella, smart bus stops with realtime displays, and interchange stations at Paphos harbor and Tomb of the Kings Avenue. These improvements aim to provide efficient transit, boost tourism, and support sustainable travel in the city.
Sports tourism in Cyprus is reshaping the economy, with events like the Ayia Napa Youth Soccer Festival attracting international athletes and boosting sectors like hospitality. The country’s strategy to diversify its tourism offerings and extend the season beyond summer months is elevating Cyprus as a multifaceted destination for sports enthusiasts worldwide.
Cyprus saw a wave of advancements this week: Journey Mentor appointed Paul Sies as CEO, Travel Expo Cyprus 2024 uplifted tourism hopes, Commonwealth Ocean Ministers Meeting prioritized ocean protection, and Neapolis University excelled at ICPC. Real estate and financial markets showed varied trends, while Keo reported increased profits. President Nikos Christodoulides endorsed ‘Vision 2035,’ aiming for Cyprus’ bright future.
