Based on the results of the passengers survey carried out by the Statistical Service, Cyprus revenue from tourism reached EUR474,0 million in July of this year, recording an increase of 4,3 percent as compared to the corresponding month of 2023 (EUR454,6 million).
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The World Travel & Tourism Council (WTTC), in collaboration with the Kingdom of Saudi Arabia’s Ministry of Tourism, recently launched a new report revealing the stark impact of the pandemic on woman and youth employment within the global travel and tourism sector. Hotel Rewards - an ultimate app for discovering exclusive hotel deals and earning rewards on every stay – is launching a new subscription service that promises to change the landscape of hotel booking. 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.
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