According to new research from Phocuswright, the global travel market is forecasted to grow between 6-10 percent per year through 2026.  The industry has now exceeded pre-pandemic levels, recording a 24 percent jump in gross bookings in 2023, and a total spend of USD1.5 trillion.

In the second quarter of this year, the job vacancy rate was 2.6 percent in the euro area, down from 2.9 percent in year’s first quarter and down from 3.1 percent in the second quarter of 2023, according to figures published by Eurostat, the statistical office of the European Union.

HBX Group, a leading global travel tech company, recently announced its partnership with battleface, a global leader in travel insurance.

World Travel Market (WTM) London has recently announced that this year’s event will be the largest to date, with an expected seven percent growth and expansion into new halls at ExCeL London, reflecting the thriving international tourism sector.

Based on the results of the Passengers Survey carried out by the Statistical Service, Cyprus revenue from tourism reached EUR385,2 million in June of this year compared to EUR361,5 million in the corresponding month of 2023, recording an increase of 6,6 percent.

As part of Larnaka Tourism Board's (LTB) ongoing efforts to welcome and embrace all visitors there are currently several initiatives underway to increase touristic accessibility. 

In July of this year, the consumer price of package holidays in the EU was 6.6 percent higher than in July 2023. The price of domestic holiday packages was up 11.1 percent, while international holiday packages saw a 5.7 percent increase.

A total of 415 deals (comprising mergers and acquisitions (M&A), private equity, and venture financing deals) were announced in the travel and tourism sector during January to July of this year, which was a year-on-year (YoY) decline of 10.4 percent compared to the 463 deals announced during the same period in 2023, according to GlobalData, a leading data and analytics company.

Cyprus tourists’ arrivals reached 551.229 in July of this year compared to 523.718 in July 2023, recording an increase of 5,3 percent. For the period of January – July 2024, arrivals of tourists totalled 2.203.704 compared to 2.137.408 in the corresponding period of 2023, recording an increase of 3,1 percent.

The Cyprus Deputy Ministry of Culture is organising a conference on ‘Cultural Rights in Times of Crisis – Contemporary Challenges and Perspectives’, in the framework of the 9 Mediterranean EU Member States Summit (MED9).