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).
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