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Cyprus Tourism Industry Breaks Records With €3.12 Billion In 2024

Cyprus’ tourism sector saw a significant revenue boost in 2024, with total earnings reaching €3.12 billion in the first 11 months, surpassing full-year 2023 revenues of €2.99 billion. According to data from the Cyprus Statistical Service, this marks a €206 million increase (7.1%) compared to the same period in 2023, reflecting strong visitor spending and a thriving travel industry.

Record-Breaking Growth In November 2024

November emerged as a standout month, posting the largest annual revenue increase of the year. Tourism revenue for the month soared to €138.7 million, a 22% rise from €113.7 million in November 2023.

The average spending per visitor also climbed, reaching €771.02 in November 2024—an 8.2% increase from €712.63 in the previous year.

Top Tourist Markets And Spending Trends

The United Kingdom remained Cyprus’ largest source of visitors, accounting for 25.9% of all tourists in November 2024, with an average daily spend of €80.58.

  • Polish tourists (11.3% of total arrivals) had an average daily expenditure of €88.80.
  • Israeli visitors (10.5%) were the highest spenders, averaging €139.80 per day.

Outlook For The Tourism Sector

The robust growth in tourist spending and arrivals underscores Cyprus’ strong appeal as a travel destination, despite global economic uncertainties. With 2024 revenues already exceeding 2023’s full-year figures, the country’s tourism industry is on track for another record-breaking year.

TikTok Elevates Songwriters With Enhanced Profile Features

Introducing Enhanced Visibility For Songwriters

TikTok is poised to transform the way songwriters promote their craft by integrating a suite of new features designed to highlight their musical works on the platform. Now in beta, the update includes a dedicated “Songwriter” label and a specialized profile tab that showcases their songs, allowing creators to build a more compelling narrative around their artistry.

Survey-Driven Innovation

The enhancements stem from extensive research, with TikTok surveying over 870 songwriters and conducting in-depth interviews to identify the key needs in profile building and monetization. Supplementary data from an independent study further confirmed that more than half of social media-savvy songwriters rely on TikTok for profile promotion. Such rigorous market research underpins TikTok’s commitment to driving tangible benefits for creative professionals.

Selective Rollout and Strategic Partnerships

At present, only a limited group of publishing partners and songwriters have access to the new features. Interested parties must join a waitlist to take part in this initiative, emphasizing TikTok’s strategy of fostering an exclusive ecosystem that prioritizes high-quality content and strategic industry alliances.

Competitive Momentum In The Music Streaming Arena

TikTok’s new tools arrive at a time when competitors are also enhancing their songwriter engagement. Spotify, for instance, has been offering dedicated features for songwriters over the years, while Tidal recently expanded its offerings by introducing royalty tracking capabilities. Despite discontinuing its TikTok Music streaming service last year, the platform continues to serve as a vital hub for music discovery and artist promotion.

Empowering Creative Storytelling

“We are passionately committed to supporting songwriters at TikTok, which is why we built these tools to celebrate and elevate their work on our platform,” stated TikTok’s Global Head of Music Publishing Licensing and Partnership. By enabling songwriters to seamlessly integrate their musical narrative with their personal content, TikTok is not only enhancing profile visibility but also building a more engaging, multi-dimensional user experience.

As TikTok continues to innovate, these developments are set to redefine how songwriters connect with their audiences and manage their creative endeavors, reaffirming the platform’s role as a pivotal force in the digital music landscape.

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