Cyprus Tourism Review: 2023 Performance and Future Prospects

Cyprus Tourism Review: 2023 Performance and Future Prospects

Tourism revenue in Cyprus reached almost €3 billion in 2023, a 22.6% increase compared to 2022, according to the Statistical Service.

In December 2023 alone, tourism revenue reached €74.3 million, compared to €57.6 million in December 2022, an increase of 29%. For the whole of 2023, the tourism sector generated €2.99 billion in revenue, €0.56 billion or 22.6% more than in 2022.

The average tourist spent €600.79 in December 2023, compared to €523.42 in December 2022, an increase of 14.8%.

Who visited Cyprus in 2023?

The British, Polish and Greeks were the most frequent visitors to Cyprus, accounting for 23.4%, 11.5% and 10.3% of all tourists in December 2023 respectively.

How much do tourists spend on a Cypriot holiday?

British tourists spent an average of €56.23 per day in December 2023. Polish tourists spent €69.89 per day and Greek tourists spent €39.41 per day.

What is being done to improve the tourist attractiveness of the island?

In 2023, Cyprus demonstrated significant growth in the tourism sector, reflected in the increase in revenue and infrastructure development. Important events included major renovations, including road repairs and upgrades to urban infrastructure, for which significant funds were allocated by local authorities and government organizations.

The hotel and catering sectors are currently developing rapidly in Cyprus, which is confirmed by the availability of more than 5,000 vacancies in these sectors and the organization of job fairs to fill them, as well as the number of new hotels opened in 2022-2024.

The progress of the tourism industry in Cyprus is also characterized by an increase in the quality and diversity of services provided.

In particular, Cyprus hosts various cultural and thematic events, such as international competitions, sports events, and festivals, offering unique experiences for visitors. These events help attract tourists and strengthen the island’s position as an attractive tourist destination.

Improving infrastructure, expanding the range of services and organizing events contribute to creating a positive image of Cyprus and strengthening its status in the world tourism community.

Cyprus is a beautiful island with a rich history and culture. It has a lot to offer tourists, from stunning beaches and crystal-clear waters to ancient ruins and charming villages. With its continued investment in tourism, Cyprus is well-positioned to become a leading tourist destination in the years to come.

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