Cyprus Tourism Revenue Hits €3.69 Billion, Marking New Record For The Sector

Strong Recovery Drives Historic Growth

Cyprus recorded €3.69 billion in tourism revenue in 2025, up 15.2% year-over-year, according to data from the Statistical Service of Cyprus (Cystat). Revenue increased by €486 million compared with 2024, marking the highest annual total on record.

Monthly Highlights And Consistent Gains

Tourism receipts in December reached €96.7 million, an 11.3% increase compared with December 2024. The data show continued year-end momentum in the sector.

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Shifts In Spending Patterns

Average expenditure per tourist declined despite higher total revenue. In December 2025, per-visitor spending fell 5.7% to €616.29 from €653.27 a year earlier. The figures indicate that revenue growth was driven primarily by higher arrivals rather than increased per capita spending.

Market Specific Spending Trends

Israeli tourists accounted for 19.1% of total arrivals in December and recorded the highest average daily spending at €145.03. British visitors represented 19% of arrivals, with average daily expenditure of €65.39. Polish tourists, who made up 11.3% of arrivals, spent €85.69 per day on average. The variation in spending across source markets remains a key factor for revenue strategy.

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Cyprus Introduces €200 Million Support Measures To Cut Energy And Food Costs

by THEFUTURE.TEAM

March 27, 2026

Comprehensive Relief Measures For A Resilient Economy

The government of Cyprus introduced support measures exceeding €200 million to reduce household expenses and support key sectors. The package targets energy costs, food prices, tourism and agriculture. Measures come in response to rising costs and supply pressures. Implementation begins in April and May 2026.

Energy And Fiscal Reforms

The government will reduce VAT on electricity for households to 5% from May 1, 2026, to March 31, 2027. The measure is expected to lower energy bills. Special consumption tax on transport fuels will decrease by 8.33 cents per liter between April and June 2026. Policy targets fuel-related costs.

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Broadening The Zero VAT Initiative

Authorities will expand the list of products with zero VAT. Meat, poultry and fish will be included from April 1 to September 30, 2026. Existing zero-VAT categories already include fruits and vegetables. The government also decided not to introduce a green tax on fuels, avoiding an additional cost of about 9 cents per liter.

Sector-Specific Supports

The package includes a 30% wage subsidy for hotel employees for April 2026. Measure supports tourism businesses during the early season. Support for airlines aims to maintain connectivity with key destinations. The agriculture sector will receive subsidies covering 15% of costs for fertilizers and supplies in April and May.

Economic Stability, National Security

President Nikos Christodoulidis said economic stability remains a priority for the government. He noted that growth, fiscal balance and inflation trends support current policy decisions. Statement links economic policy with broader national priorities. The government continues to monitor external risks.

Ensuring Consumer Protection

Furthermore, the government has mandated rigorous market oversight and intensified inspections to prevent exploitative pricing during this period of economic intervention. This proactive stance ensures that the benefits of the measures directly serve the citizens without unintended inflationary impacts.

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