The global travel and tourism industry experienced a notable decline in deal activity during January-August of this year, marking a substantial year-on-year (YoY) decrease of 36.2 percent compared to the same period in 2022.

Based on the results of the Passenger Survey carried out by the Statistical Service, revenue from tourism in Cyprus reached EUR97,8 million in March 2023 compared to EUR69,1 million in the corresponding month of the previous year, recording an increase of 41,5 percent.

The World Travel & Tourism Council’s (WTTC) 2023 Economic Impact Research (EIR) recently shows the travel and tourism sector is closing in on its 2019 peak, recovering by more than 95 percent.

In 2019, the last year before the COVID-19 pandemic heavily hit the tourism sector, the gross value added directly generated by tourism amounted to an estimated EUR572 billion, or five percent of the total gross value added in the EU economy. 

Cyprus arrivals of tourists reached 184.263 in March of this year, compared to 128.840 in March 2022, recording an increase of 43 percent. For the period of January – March, arrivals of tourists totalled 393.893 compared to 244.705 in the corresponding period of 2022, recording an increase of 61 percent.

New research reveals that Ayia Napa is Europe’s seventh best destination for a party in paradise. The study by Bounce analysed European cities on factors such as safety ratings, the number of nightclubs and bars, as well as average beer prices to reveal the best destinations for a party holiday in Europe.

Larnaka Tourism Board (LTB) continues to grow with the addition of Agios Theodoros community, which seeks to further promote and develop its unique, alternative tourism product through its new membership.

The EU tourism industry seems to be strongly rebounding from the COVID-19 pandemic.

Cyprus arrivals of tourists reached 110.041 in December 2022, compared to 96.928 in December 2021, recording an increase of 13,5 percent.

In 2021, residents of the 27 EU Member States made 879 million tourism trips with at least one overnight stay (+23 percent compared with 2020; 713 million trips).