Hospitality in Cyprus:
The most resilient of Cyprus’ commercial sectors, tourism has seen a boost bringing in record-breaking numbers of tourists in over a decade. With efforts to diversify its tourism product, new foreign investment in the sector and plans for a world-class casino resort, the future of Cyprus’ tourism looks bright.
Tourism has been a key pillar of the Cyprus economy for decades. The sector has remained economically robust and is the only commercial sector in Cyprus to see continuous growth throughout the global financial crisis. The number of tourists visiting the island in 2015 reached almost 2.7 million, matching a previous record set in 2001, and this year the country is expected to keep up the strong growth momentum. With a strong focus on further developing niche tourism and extending its season, the country’s efforts to diversify are beginning to bear fruit.