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2025 Sets New Benchmark For Cypriot Tourism: Record Arrivals And Revenue Surge

by THEFUTURE.TEAM

February 27, 2026

Record-Breaking Arrivals And Revenue

Cyprus’ tourism sector reached record levels in 2025, with arrivals exceeding 4.5 million for the first time, according to Deputy Tourism Minister Kostas Koumis. Speaking in an interview on February 26, 2026, Koumis said arrivals increased 12.2% compared with 2024 and 41.6% over three years.

Tourism revenue rose 15.3% year over year during the January–November period, while growth over three years reached 51.1%. Average spending per visitor increased to €822 from €799 in 2024, and daily spending rose 7.2% to €99.5.

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The average length of stay declined by 4% to 8.27 days, but overnight stays are projected to reach 18.5 million, up 3.3% from 2024.

Enhanced Product Quality And Strategic Incentives

Tourism contributed 14% to Cyprus’ GDP in 2025, up from 13.1% a year earlier, reinforcing its role as a key economic sector. Officials estimate overall economic growth at 3.75% for 2025, above the eurozone average.

Between 2023 and 2025, tourism revenues totaled €9.9 billion. During the 2022–2025 period, policy focus shifted toward restoring sector performance and upgrading tourism quality through targeted incentive programs.

In 2025, the ministry launched 13 incentive schemes, including four funded under the Recovery and Resilience Plan, with total funding approaching €20 million. Key measures included:

153 projects aimed at supporting rural, mountainous, and remote areas, with budgets of up to €7 million.
Upgrades to 48 hotels and tourist accommodations, totaling up to €6.9 million in investment.
€1.3 million allocated to improve dining venues and retail outlets promoting traditional products.
Seven approved projects in health and wellness tourism worth about €1.2 million

Additional initiatives included digital transformation programs, support for conferences and sporting events, dive certification projects, beach upgrades, and workshops promoting traditional crafts and local products.

Strategic Initiatives And Specialized Tourism

The Ministry of Tourism is updating the National Tourism Strategy 2035 and relaunching the tour guide training program after a seven-year pause. Digital application processes developed with TEPAK aim to improve visitor experience and operational efficiency.

In specialized tourism, authorities completed a three-dimensional mapping of diving sites and conducted a dedicated study on dive tourism. Future research will focus on health tourism, as well as nature and rural tourism.

Agritourism recorded more than 90,000 arrivals in 2025, up 3% year over year and 40.9% over three years. Cruise tourism also expanded, with passenger numbers rising 104% to 278,000 compared with 136,000 in 2024.

Cypriot EU Presidency And Legislative Initiatives

As Cyprus prepares for its EU Council Presidency in 2026, officials expect more than 30,000 conference participants and the organization of around 250 events.

The ministry is preparing policy proposals linked to the European tourism agenda, including Council Conclusions on Tourism planned for May 2026. Legislative initiatives include draft regulations for dive tourism and proposals to modernize licensing rules for food and entertainment venues.

Cyprus has also signed memoranda of understanding with Israel and Saudi Arabia aimed at strengthening tourism cooperation and supporting long-term sector growth.

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Google Cloud Outage Disrupts Banking And Digital Services Across The UK

by THEFUTURE.TEAM

October 20, 2026

A power outage at a Google Cloud data centre near London disrupted services across the UK on Tuesday, affecting banks, businesses and other digital platforms. Google said the incident was caused by a power event at its cloud operations, with full recovery expected by around 1300 GMT.

The disruption began at 0608 GMT and affected Google Cloud services in the europe-west2 region, which is hosted in London. In an initial update, the company reported elevated error rates and intermittent network failures across multiple services as engineers worked to restore operations.

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Banking Services Hit By The Disruption

Revolut was among the most visibly affected companies, with customers reporting problems with ATM withdrawals, bank transfers and card top-ups. A source close to the matter linked the issues to the Google Cloud outage.

Traditional banks also reported disruptions. Lloyds said some customers were experiencing problems with its app and online banking, while HSBC confirmed difficulties accessing its services. HSBC added that it was monitoring the situation and noted that other organisations were affected as well.

Disruption Spreads Beyond Finance

Downdetector, which tracks online service disruptions, recorded hundreds of reports involving other businesses, including property website Rightmove and the Royal Mail postal service. The reports suggested that the outage was affecting multiple parts of the UK’s digital economy.

The incident highlights the risks facing businesses that depend on shared cloud infrastructure. Even a temporary failure at a single provider can disrupt services across several sectors, from banking and payments to logistics and consumer platforms.

Companies Reassure Customers

Revolut said it had been working to resolve the issue since it was identified and apologised to affected customers. The company also confirmed that customers’ money and data remained safe.

As cloud platforms underpin an increasing share of digital commerce, the outage illustrates how disruptions to critical infrastructure can spread far beyond the provider itself, affecting businesses and customers across the economy.