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Tourism Surge In Cyprus: November Revenue Hits €168 Million Amid Robust Growth

Robust Growth In November

Cyprus experienced a significant boost in tourism revenue in November 2025, with total receipts reaching €168 million. This figure represents a remarkable 21.1% increase from November 2024’s revenue of €138.70 million, according to the latest report from the Cyprus Statistical Service.

Year‐Over‐Year And Cumulative Performance

The strong performance in November is a key indicator of the sector’s recovery and long‐term expansion. For the period spanning January to November 2025, tourism revenue has soared to an estimated €3.6 billion, a notable jump from €3.12 billion in the same period last year. This annual increase of 15.3% underlines the resilience and growth potential of Cyprus’s tourism industry.

Changing Consumer Spending Patterns

Despite the impressive overall revenue, the average expenditure per tourist dropped to €716.00 in November 2025 from €771.02 in November 2024, marking a 7.10% decline in per capita spending. This shift indicates evolving consumer behavior, possibly driven by changes in travel preferences or budget considerations.

Key Market Highlights

British tourists continue to dominate Cyprus’s visitor landscape, representing 22.70% of total arrivals and spending an average of €87.68 per day. Following closely, Polish travelers account for 13.20% of tourists, with average daily spending at €82.97. Notably, Israeli visitors, although forming a smaller portion at 11.40% of arrivals, lead in expenditure with an impressive average of €168.90 per day.

Conclusion

The data underscores a dynamic recovery in Cyprus’s tourism sector, characterized by substantial revenue gains and shifting expenditure trends. As market conditions evolve, stakeholders across the tourism value chain will need to adapt to sustain growth and capitalize on emerging opportunities.

Nearly 80% Of Cyprus’ Foreign Investment Came From Outside EU In 2025

Cyprus had the highest share of foreign direct investment (FDI) originating outside the European Union among 14 EU member states reporting data for 2025. According to Eurostat, non-EU economies accounted for 79.4% of the island’s inward FDI, highlighting its distinct position among the reporting countries.

The figures contrast with most other EU economies, where investment from within the bloc remains the main source of foreign capital.

Cyprus Leads In Non-EU Investment Share

Eurostat measures inward FDI positions by the ultimate investing economy, identifying the economy where the investment ultimately originates rather than only the country through which it is channelled. This distinction is important when investments involve subsidiaries or intermediary holding companies.

In nine of the 14 reporting countries, most foreign investment came from within the EU. The Czech Republic recorded the highest intra-EU share, at 75.1%, followed by Romania at 73.3% and Estonia at 64.8%.

Cyprus was among five countries where non-EU economies accounted for more than half of inward FDI. Spain, Sweden, Greece and Denmark also recorded shares above 50%, ranging from 51% to 55.1%.

US Is The Largest Source Of FDI Across Reporting Countries

Across the 14 countries collectively, the United States was the largest ultimate source of foreign direct investment, accounting for 15.4% of the total.

Germany ranked second at 11.5%, followed by France at 9.4%, the United Kingdom at 9.3% and Switzerland at 5.8%.

These figures reflect the combined investment positions of the reporting countries and do not identify Cyprus’s leading individual investment sources. However, the country-level data underline the island’s strong reliance on capital originating outside the European Union.

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