According to comprehensive reports from WorldWay, the President of Cyprus, Nicos Anastasiades, stated at the annual meeting of the Cyprus Hotel Association that the tourism market outlook for Cyprus in the 2014 tourism season is promising, with an expected increase in visitors from countries such as Russia, and a stabilization and recovery anticipated in traditional markets like the United Kingdom. The tourism industry is a vital engine for the Cypriot economy and will play a significant role in economic recovery. In 2013, the total number of tourists visiting Cyprus reached 2.4054 million, with the addition of 8 new international flight routes. Despite bleak economic forecasts for Cyprus, the development of the tourism sector has helped prevent the country’s economy from sinking deeper into crisis.
The President of Cyprus indicated that the government will continue to implement targeted measures to upgrade and diversify the types of tourism products in Cyprus, including the issuance of licenses for casino resorts. The relevant legal framework is expected to be submitted to Parliament in the coming weeks.
Edited by WorldWay
