Medical tourism has been gaining momentum and it is also evident from companies' discussions that it presents a big opportunity. An in-depth analysis of the filing documents reveals that companies are focusing on the needs of international patients, including access to skilled healthcare professionals, advanced treatments, and world-class facilities, reveals the Company Filing Analytics Database of GlobalData, a leading data and analytics company.

The movement of travellers to and from Cyprus in 2023 recorded an increase compared to 2022. Total arrivals of travellers reached 6.107.725 recording an increase of 26,4 percent and departures totalled 6.105.574, also recording an increase of 26,8 percent, compared to 2022. Air traffic represented 95,1 percent of arrivals and 95,2 percent of departures in 2023.

In 2021, 1.5 million enterprises in the EU had their core business in the real estate sector, representing 4.8 percent of all active enterprises in the EU’s business economy.  This marked an 11 percent increase from 2020 (1.3 million enterprises).

Travel and tourism sector witnessed 10.9 percent year-on-year (YoY) decline in the number of deals (mergers and acquisitions (M&A), private equity (PE) and venture financing) announced globally during January-May of this year.

The Larnaka Municipal Gallery – Christoforou Collection has opened this summer and will exhibit around 150 artworks by Greek painters and engravers of the 19th - 20th centuries; exhibited with the kind permission of retired Cypriot diplomat Charalambos Christoforou and his spouse Maria Christoforou. 

In May of this year the total Cyprus government employment reached 54.826 persons. For the period January – May an average total government employment reached 54.835 persons, marking an increase of 2.684 persons (5,1 percent) compared to the corresponding period of 2023.

Based on the results of the Passengers Survey carried out by the Statistical Service, revenue from tourism in Cyprus reached EUR113,0 million in March this year compared to EUR97,8 million in the corresponding month of 2023, recording an increase of 15,5 percent.

Cyprus unemployed persons, registered at the District Labour Offices on the last day of May 2024, reached 8.159 persons.

Following the announcement of their ‘Approved OTA’ partnership in in January, Ryanair, on May 29 announced that its low fare flights are now available to book as part of Kiwi bookings just in time for the peak summer holiday season.

Limassol Marina in collaboration with Dacor Advertising and Media Ltd, successfully organised the second “Limassol Boat Show Conference: Cyprus, the new yachting hub of the East Med” on May 24, as part of Limassol Boat Show 2024, at Limassol Marina.