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Tourism Boom: Cyprus Reaps €3.2 Billion In 2024

As Cyprus welcomes 2025, the island is reflecting on a successful year in tourism. According to the state statistical service, December 2024 marked a remarkable 17% increase in year-on-year tourism revenue, bringing in €86.9 million. This rise is a part of a larger trend, as total earnings for the year leaped to €3.2 billion, a 7.3% boost from 2023.

The data, rigorously compiled from traveller surveys, shows a promising uptick in tourism activities. Visitors, on average, spent €653.27 each in December 2024, an 8.7% rise compared to the previous year. This trend is further emphasized by the strong spending patterns of tourists from the UK, Israel, and Poland.

Notably, British tourists dominated December arrivals, contributing 23.7% of all tourists and spending an average of €64.12 per day. Their counterparts from Israel, making up 17.4% of visitors, spent significantly more, averaging €162.55 daily. Polish travelers, accounting for 9.4% of arrivals, spent an average of €72.17 per day.

These figures highlight a robust tourism sector that plays a pivotal role in the island’s economic landscape. This growth in tourism aligns with broader economic trends in Cyprus, suggesting a promising outlook for the coming year.

Cyprus Records 3.1M Guest Nights In Q3 2025

Cyprus recorded 3.1 million guest nights in short-term rental accommodation in the third quarter of 2025, according to Eurostat. The data reflect bookings made through online platforms.

Record Performance In Q3 2025

Between July and September 2025, guest nights reached 3,104,502 across platforms, including Airbnb, Booking.com, and Expedia. The volume highlights the role of digital booking platforms in Cyprus’s tourism sector.

Continental Trends Bolstering Digital Tourism

Across the EU, short-term rental activity also increased. In the fourth quarter of 2025, total guest nights reached 172.30 million, up 10.90% compared to the same period in 2024 and 30.20% higher than in 2023. For the full year, online platforms accounted for 951.60 million nights in 2025, representing an increase of 11.40% year on year and 32.40% compared to 2023.

Regional Destinations And Competitive Dynamics

Tourism activity remains concentrated in southern European regions. Croatia’s Jadranska Hrvatska recorded 27.70 million guest nights, followed by Spain’s Andalucia with 19.50 million and France’s Provence-Alpes-Côte d’Azur with 16.90 million. Cyprus is not among the top 20 EU regions by volume, though its figures remain notable relative to its size.

Economic Implications And Forward Outlook

Tourism continues to play a key role in Cyprus’s economy, with online platforms accounting for a growing share of bookings. Eurostat data indicate continued expansion in digital tourism, with implications for policy planning and investment across the sector.

 

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