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Tourism Revenue in Cyprus Surges to €407.9 Million in October 2024, Marking a 17.7% Growth

Tourism revenue in Cyprus reached an impressive €407.9 million in October 2024, showcasing a robust 17.7% year-on-year growth compared to October 2023, according to the Cyprus Statistical Service.

Record-Breaking Figures for October

Average expenditure per tourist climbed to €888.47 in October 2024, up 9.3% from €812.95 in the same month last year. The United Kingdom continued to dominate as the largest source market, contributing 36.3% of total tourist arrivals.

Key Tourist Markets

  • United Kingdom: Tourists spent an average of €114.99 per day.
  • Poland: The second-largest market, accounting for 8.1% of arrivals, with daily spending at €85.41.
  • Germany: The third-largest market, representing 7.6% of arrivals, with tourists spending €109.22 daily.

Broader Trends in 2024

From January to October 2024, total tourism revenue is estimated at €2,983.8 million, reflecting a 6.5% increase from €2,802.6 million during the same period in 2023.

Additional Insights

In October alone, Cyprus welcomed 459,106 tourist arrivals. Visitors stayed an average of 8.4 days, with a daily expenditure of €105.77.

These figures underscore the continued growth of Cyprus’ tourism sector, driven by higher spending per visitor and strong performance from key source markets.

TikTok Returns To US App Stores 

TikTok is once again available for download in the Apple and Google app stores in the US, following a delay in the enforcement of its ban by former President Donald Trump. The ban’s postponement until April 5 gives the administration additional time to evaluate the situation.

Key Developments

The decision to restore TikTok access came after Google and Apple received reassurances from the Trump administration that they would not face legal consequences for reinstating the Chinese-owned app. According to Bloomberg, US Attorney General Pam Bondi sent a letter outlining these guarantees.

In an executive order signed on January 20, Trump instructed the attorney general not to take enforcement action for 75 days, providing time for his administration to determine how to proceed.

Uncertain Future For TikTok In The US

While TikTok is back on the US app stores, its long-term survival remains uncertain. If no deal is reached by early April to address national security concerns, the app may face another shutdown. ByteDance, the parent company, has insisted that TikTok is not for sale.

Legislation And Pressure On ByteDance

The Protecting Americans from Foreign Enemy-Controlled Apps Act, which passed with bipartisan support in Congress, mandates a nationwide ban on TikTok unless ByteDance sells its US operations. This law was signed by President Joe Biden in April of last year.

In late January, the app was briefly removed from US stores following the ban’s activation, impacting over 170 million American users. However, TikTok was restored soon after, following Trump’s intervention in his first hours as president. During that time, he signed an executive order allowing 75 days for a deal that would safeguard national security. Trump also suggested that the US could take a 50% stake in TikTok, a move he believed would keep the app “in good hands.”

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