During the second quarter of this year, guests spent 208.8 million nights in short-term rental accommodation in the EU, booked via Airbnb, Booking, Expedia Group or TripAdvisor. This corresponds to an increase of 16.2 percent compared with the same period in 2023.
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. 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.
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