Tourism
The Top European Holiday Destination.
Tourism
Tourism has been one of Cyprus’ top economic sectors for decades, with record-breaking arrivals from all EU Member States. In 2019, the island welcomed almost 4 million visitors, with total revenue estimated at 2.7billion EUR.
The tourism sector occupies approximately 15% of Cyprus’ entire population – that means four tourists for every Cypriot! The profits also equate to 12.7% of Cyprus’ GDP, thus cementing its importance in the civil prosperity of the local economy.
In Operation Since 2014
Our Marinas
The Limassol Marina – which has been in operation since 2014 – as well as the Marinas of Ayia Napa and Larnace that are currently underway are set to provide Cyprus with the opportunity to diversify its traditional beach holiday image and attract a new set of year-round tourists.
Large investments are currently being made in the hotel industry, with almost all existing hotels undergoing major renovations to address each new year’s increasing needs.
Finally, the establishment of the first casino resort of Cyprus in Limassol is also set to broaden the island’s tourist service products. The casino, which is set to operate in summer 2022, is a one-of-its-kind resort that is estimated to attract more than 500,000 visitors from across the world.