Cyprus has emerged as a rising star in Mediterranean tourism. According to Statista, international tourist arrivals surged by 20.1% in 2023 compared to the previous year, with 3.8 million visitors recorded. Tourism revenue also grew by 22.6% reaching €2.99 billion, CySTAT announced.
This surge is supported by increased airlift. In December 2023, Cyprus Airways announced its expanded summer 2024 schedule, adding 40% more seats compared to last year, with flights to 19 key destinations, including Athens, Paris, Dubai, and Tel Aviv.
However, it’s not just tourism that’s booming.
Cyprus is also experiencing rapid residential development, driven by geopolitical shifts in the region. With instability in neighbouring countries, many individuals and investors are choosing Cyprus as a safe and attractive destination. This influx of new residents is driving demand for real estate, particularly in high-end residential and tourism-related projects.
Commenting on the current market trends, Group CEO Roger Allen said:
"Cyprus has become a key player in the Mediterranean, not just due to its tourism growth but also because of broader regional dynamics. We’re witnessing a unique convergence of factors creating opportunities for long-term development in both the tourism and the residential sectors. It’s an exciting time to be part of this transformation."
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RLA Global joins an exciting Mediterranean destination project alongside master planners and branded residences advisory. We are excited about turning an ambitious vision into reality. Read more
RLA Global joins an exciting Mediterranean destination project alongside master planners and branded residences advisory. We are excited about turning an ambitious vision into reality. Read more
RLA Global's Group CEO Roger Allen will participate in an expert panel discussion on branded residences at the HIDE (Hotel Investment + Development Event) in London on February 12, 2026. Read more
RLA Global's Group CEO Roger Allen will participate in an expert panel discussion on branded residences at the HIDE (Hotel Investment + Development Event) in London on February 12, 2026. Read more
Hotel owners and investors must move beyond traditional financial indicators in asset evaluation and take a holistic approach with new metrics to uncover hidden property value and future potential. This article explains why conventional evaluation tools don’t do the trick alone anymore, which modern metrics to take into account and what drives value at modern hospitality assets. Read more
Hotel owners and investors must move beyond traditional financial indicators in asset evaluation and take a holistic approach with new metrics to uncover hidden property value and future potential. This article explains why conventional evaluation tools don’t do the trick alone anymore, which modern metrics to take into account and what drives value at modern hospitality assets. Read more
Experts at the Resort & Residential Hospitality Forum 2025 outlined leisure development best practices – prioritizing authentic guest experiences, balanced tech use, and fine-tuned investor strategies to ensure long-term value creation. Read more
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