Based on the results of the Passengers Survey carried out by the Statistical Service, Cyprus revenue from tourism reached EUR385,2 million in June of this year compared to EUR361,5 million in the corresponding month of 2023, recording an increase of 6,6 percent.

A total of 415 deals (comprising mergers and acquisitions (M&A), private equity, and venture financing deals) were announced in the travel and tourism sector during January to July of this year, which was a year-on-year (YoY) decline of 10.4 percent compared to the 463 deals announced during the same period in 2023, according to GlobalData, a leading data and analytics company.

Cyprus tourists’ arrivals reached 551.229 in July of this year compared to 523.718 in July 2023, recording an increase of 5,3 percent. For the period of January – July 2024, arrivals of tourists totalled 2.203.704 compared to 2.137.408 in the corresponding period of 2023, recording an increase of 3,1 percent.

Based on the results of the Passengers Survey carried out by the Statistical Service, Cyprus’s revenue from tourism reached EUR310,5 million in May of this year, recording a minor decrease of 0,2 percent as compared to the corresponding month of 2023 (EUR 311,0 million).

Cyprus tourist arrivals reached 202.256 in March of this year compared to 184.263 in March 2023, recording an increase of 9,8 percent. For the period of January – March, arrivals of tourists totalled 415.251 compared to 393.893 in the corresponding period of 2023, recording an increase of 5,4 percent.

During 2023, guests spent 678.6 million nights in short-term rental accommodation in the EU booked via Airbnb, Booking, Expedia Group or TripAdvisor. This corresponds to a 13.8 percent increase compared with 2022 (596.5 million).