Tourism profile of Cyprus

TOURISM PROFILE OF CYPRUS

“One island, a world of options “
INTRODUCTION Although Cyprus is a small island, it has managed to be wide spread known as a paradise destination for tourists all over the world. Especially in the last 20 years the tourism industry is growing rapidly, attracting more and more tourists every year offering them unforgettable holidays.

IMPORTANCE OF TOURISM TO CYPRUS ECONOMY

- Tourism accounted for 9.7% of total gross value added (2001)
- Tourism receipts CYP 1.277 million which amounts 46% of the total foreign exchange of goods and services (2001)
- In 2001 receipts form tourist accounted 22% of GDP
- In 2003 travel and tourism is expected to generate 51.2% of the total export
- Capital investment in tourism is estimated at 20.8% of total investment in 2002
- Tourist sector accounted for 59776 jobs, 15.9% of total employment
- In 2002 there were 90946 beds available in tourism accommod...