economic impacts

Paphos Draws More Than a Third of All Visitors in 2023 — Cyprus Tourism Brings €2.99 Billion in Total

In 2023, Paphos attracted over onethird of all visitors to Cyprus, solidifying its status as a top tourist destination. The total revenue from tourism in Cyprus reached an impressive €2.99 billion, showcasing the sector’s significant contribution to the island’s economy.

Navigating Challenges in the Tourism Industry in 2024

By Demis Papadopoulos

Cyprus faces tourism challenges in 2024 amidst regional tensions and economic struggles in key markets like Germany and Britain. Despite these obstacles, early data shows a 1.6% increase in tourist arrivals, signaling resilience and strategic efforts to attract alternative markets and promote unique cultural attractions for sustaining growth.