Breaking news

Cyprus Sees 4.2% Growth in Tourist Arrivals, Reaching 3.27 Million from January to September

by THEFUTURE.TEAM

October 21, 2024

Tourist arrivals in Cyprus reached 3.27 million from January to September, reflecting a 4.2% rise compared to the same period in 2023 and a slight increase over the same timeframe in 2019, which was a record year for tourism in Cyprus.

Data published by the Statistical Service of Cyprus (Cystat) shows that 3,268,090 tourists visited the island in the first nine months of 2024, up from 3,136,145 during the same period last year. This figure also represents a 0.23% increase compared to the corresponding period of 2019, when Cyprus saw its highest-ever number of tourist arrivals.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

For September alone, the number of tourists reached 509,463, a 4.5% rise from the 487,350 recorded in September 2023, according to Cystat.

In September 2024, the United Kingdom was the top source of tourists, contributing 35.5% (180,961) of total arrivals. Israel followed with 10.7% (54,557), Poland with 8.3% (42,295), Germany with 4.8% (24,594), and Sweden with 4.2% (21,609).

Additionally, Cypriot residents traveling abroad increased by 11.4% in September 2024. A total of 156,153 residents returned from trips abroad, compared to 140,187 in September 2023. Greece was the top destination for these trips, with 35% (54,624) of the travelers. Other popular destinations included the United Kingdom (7.8%, 12,165), Italy (6.3%, 9,860), and Russia (5.6%, 8,719), according to Cystat.

The Future Forbes Realty Global Properties

Airbnb Unveils Reserve Now, Pay Later Option For U.S. Guests

by THEFUTURE.TEAM

August 15, 2025

Introduction

Airbnb has introduced an innovative payment solution designed to enhance user flexibility for U.S. travellers. The new “Reserve Now, Pay Later” feature enables users to secure a booking without an upfront payment, offering a streamlined cancellation process should plans change.

Flexible Payment Terms

This new option applies to listings that feature either flexible or moderate cancellation policies. Under a flexible policy, guests can cancel their reservation up to 24 hours before check-in, while a moderate policy offers no-fee cancellations until five days prior to arrival.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Payment Timing and Reminders

Regardless of the cancellation window, guests are obligated to complete the full payment before the expiration of the free cancellation period. Airbnb ensures a smooth experience by sending timely payment reminders to avoid any last-minute issues.

Evolution of Airbnb’s Payment Solutions

This initiative builds on Airbnb’s previous forays into flexible payment structures. In 2018, the company offered a partial upfront payment model, and more recently, a collaboration with Klarna enabled guests to pay in four installments over six weeks. Such strategic advancements demonstrate Airbnb’s commitment to adapting and refining its payment solutions to meet evolving consumer demands.

Consumer Insight Driving Innovation

Airbnb’s decision to launch the “Reserve Now, Pay Later” feature reflects robust consumer demand, with recent surveys indicating that 55% of respondents prefer flexible payment options. Additionally, 42% noted missed opportunities due to payment complexities when coordinating with travel companions, underlining the need for simplified financial arrangements.

Conclusion

By enhancing payment flexibility, Airbnb not only broadens its appeal but also addresses critical customer pain points, reinforcing its position as a leader in the evolving travel market. This initiative exemplifies how strategic innovation can drive customer satisfaction in an increasingly competitive landscape.