Because Brexit was postponed until October, the hotel occupancy rate at the beginning of the summer tourist season was rising, albeit slowly, and lacking immediate turbulence in exchange rates and foreign exchange, bookings continued to rise.In 2019, offline sales all categories declined or stagnated except for short-term rentals, which saw mildly positive offline growth. Cyprus’ tourism industry has been honoured with numerous prestigious awards, spanning the sustainable Destinations Global Top 100, an initiative of TravelMole.com, VISION on Sustainable Tourism, Totem Tourism and Green Destination titles bestowed to Limassol and Paphos in December 2014. Expansion of the high Most visitors arriving to Cyprus on short term basis were from the following countries:English is the universal language since the island has an international outlook.The Cyprus Tourism Organisation, usually abbreviated to CTO, and known as KOT in Greek, was a semi-governmental organisation charged with overseeing the industry practices and promoting the island as a tourism destination abroad. Total number of tourists in Cyprus in 2018 was 3,938,625. 1040587 Forecast Attractions and Experiences: Value 2019-2024Cyprus seen as a safe Mediterranean haven but may be impacted by Brexit Travel industry pins hopes on Russian arrivals while waiting to see how Brexit affects exchange rateCyprus Tourism Organisation seeks to diversify source markets and rely less heavily on UK and Russia Inbound Arrivals by Country: Number of Trips 2014-2019 Forecast Inbound Arrivals: Number of Trips 2019-2024 Forecast Inbound Arrivals by Country: Number of Trips 2019-2024 Domestic Trips by Purpose of Visit: Number of Trips 2014-2019 Domestic Business Trips by Travel Mode: Number of Trips 2014-2019 Domestic Leisure Trips by Travel Mode: Number of Trips 2014-2019 Forecast Domestic Trips by Purpose of Visit: Number of Trips 2019-2024 Forecast Domestic Business Trips by Travel Mode: Number of Trips 2019-2024 Forecast Domestic Leisure Trips by Travel Mode: Number of Trips 2019-2024 Forecast Domestic Tourist Expenditure: Value and Growth 2019-2024 Outbound Departures by Destination: Number of Trips 2014-2019 Forecast Outbound Departures: Number of Trips 2019-2024 Forecast Outbound Departures by Destination: Number of Trips 2019-2024Government and industry players strive to increase Cyprus’s connectivity and airline competition Cyprus Airways strengthens, passing a major IOSA audit and developing an online parking reservation platformTwo luxury hotels open in Limassol area, while Radisson partners with SunnySeeke to expand portfolio of hotels on the island to sixProliferation of short-term rental bookings made through online rental platforms helps economy but challenges hotels Hotels strive to meet demand for affordable package holidays and tourists’ desire for experience Top Kinisis Travel Republic maintains its lead amongst domestic intermediaries with strong online platformExpanding penetration and use of smartphones further increases prospects for intermediaries online salesExpanding economy and consumer confidence set to prompt more travel, inviting domestic intermediaries to diversify their packages Forecast Travel Intermediaries Sales: Value 2019-2024 Investment was mainly concentrated on construction linked to the tourism boom and the recovery of the real estate sector. For payments made by invoice, access to reports will be provided upon confirmation of payment.Discover the latest market trends and uncover sources of future market growth for the Travel industry in Cyprus with research from Euromonitor's team of in-country analysts.Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.If you are in the Travel industry in Cyprus, our research will save you time and money while empowering you to make informed, profitable decisions.When you purchase this report, you also get the data and the content from these category reports in Cyprus for free:This industry report originates from Passport, our Each report is delivered with the following components:Interested in more insights? Arrivals grow, particularly winter arrivals as seasonality diminishes. The economy of Cyprus is a high-income economy as classified by the World Bank, and was included by the International Monetary Fund in its list of advanced economies in 2001. Employment rate Introducing enhanced country reports featuring interactive datagraphics, charts and analysis.