Next year will prove to be another excellent year for tourism in Cyprus, according to the Cyprus Tourism Organisation (CTO).

CTO Vice President George Mindis made the announcement at a conference arranged by the European Economic and Social Committee. Mindis stated that the tourism sector is vital to the future of Cyprus as it supports the Cypriot economy by contributing to growth and prosperity.

Tourism revenues are around ten percent of Cyprus’ Gross Domestic Product (GDP) and figures from the CTO reported an increase of 4.6 percent in tourist arrivals to Cyprus year-to-date in October. Tourism revenues have increased by 12.9 percent in 2012, which has resulted in attracting many international investors to the country.

Whilst these figures are strong, Mindis has stated he is committed to improve them further. The CTO has made a promise to strengthen competitiveness in the tourism sector by improving, diversifying and upgrading Cyprus as a tourist destination. Mindis stated that the Tourism Strategy of 2011 to 2015 should aid with these goals by repositioning Cyprus as a tourist destination by promoting its comparative advantages and offering a multidimensional experience.

Cyprus is expected to continue to grow as it takes advantage of global tourism trends. An analysis of European tourism conducted by MKG Hospitality revealed that 2013 is likely to see increasing numbers of European tourists wanting to stay closer to home and within the EU.

Director of Development at MKG Hospitality, Vanguelis Panayotis commented: “No doubt travellers are more comfortable to stay within Europe at the moment as it is more affordable, shorter distances and safer. Some clever and timely initiatives have certainly provided a much needed boost, enhancing Cyprus’ accessibility and opening up new markets at a time when the sector was stagnant.”

Cyprus’ tourism industry has already proven resilient to changing global economic circumstances and has experienced continued growth that is likely to continue into 2013.

Source: Famagusta Gazette



About the author: Neil Hollingsworth

Neil left school in 1987 and joined the Royal Air Force (RAF) as a Survival Equipment Fitter, travelling round the world with tours in Northern Ireland, Falkland Islands, Cyprus and Iraq to name a few. In 2005 the government cut the armed forces and Neil had the opportunity to take voluntary redundancy, on leaving he went to work for a UK estate agent before moving on and setting up Rivermead Global. If you are looking at buying a property in Egypt or Turkey you have come to the right people.