Tourist Arrivals to Exceed 3.6 Million in 2017

Tourist arrivals in 2017 will exceed 3.6 million, Cyprus Tourism Organization (CTO) President Angelos Loizou has said, stressing that the performance of the tourism sector has again created a demand for additional beds in the tourist industry.

Loizou was addressing an event in Limassol, hosted by CTO in honour of its associates in Cyprus and abroad which was held under the auspices of the President of the Republic, Nicos Anastasiades and the Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis.
According to a CTO press release, speaking during the event Lakkotrypis referred to the collective efforts of the Government, the tourism industry and the foreign partners, which resulted in an excellent tourist performance, the Cyprus News Agency.

On his part, CTO president said that by taking advantage of important government incentives and schemes, major renovations and refurbishment works have been completed or are underway in several hotel establishments across the island, increasing the total bed capacity to around additional 100,000 beds.

As he said, investments involve development of new bedrooms in existing hotel establishments and amenity enrichment such as health facilities, water parks, theme restaurants, conference facilities, swimming pools and other services.
Loizou pointed out that gross bed occupancy rate has reached 50% while net bed occupancy rate climbed to 71% in 2016 and are expected to be further improved once the 2017 figures are finalized, highlighting the best performance of the licensed accommodation sector during the last 15 years.

At the same time he said that the licensed bed supply has decreased from a record of almost 97 thousand in 2004 to 85 thousand in 2017, but the accommodation mix has been improved in favour of the higher star categories, with the 3* to 5* hotel beds share increasing from 49% in 2004 to 58% in 2017 (while the respective 4* to 5* share grew from 32% to 40%).

Addressing the CTO's foreign affiliates, Loizou assured them that the important cooperation and marketing agreements made over the last few years will be continued.

“We would like to build on these agreements and reinforce them. We believe that they could offer even more opportunities for the mutual benefit of both our tourist Cyprus and you our partners”, he said. He also stressed that CTO is open to fresh, innovative, proposals and is available to provide all necessary assistance to their efforts in promoting Cyprus.