The fuel of Cyprus and Greece economies.
Tourism has traditionally been a major source of income and a driver of economic growth in Cyprus, with a significant contribution to the country’s GDP. Being one of Cyprus’ most resilient and strong economic sectors, tourism continuously experiences substantial growth, translated into a number of more than 2.5m tourists visiting Cyprus every year.
Cyprus is well known for the hospitality of its people, the delicious gastronomy, its rich culture and extraordinary natural beauty. With its golden sandy beaches and clear blue waters, as well as its pleasant Mediterranean climate with year-round sunshine, Cyprus has been a popular tourist destination for decades. The island’s famous beaches have been awarded with 57 Blue Flags in 2015, ranking the island first in the EU for the tenth consecutive year, including three records:
- Most Blue Flags per capita in the world
- Most dense concentration of Blue Flag Beaches
- Most Blue Flag beaches per coastline
Cyprus tourism industry has gained several prestigious awards, including the Sustainable Destinations Global Top 100, VISION on Sustainable Tourism and Totem Tourism and Green Destination titles presented to Limassol and Paphos in 2014.
Greece’s tourism sector has become even bigger and more impressive in recent years.
For the last two years, Greece's growth has been nearly twice the global industry average of 3.9 percent, as reported by the World Tourism Organization (UNWTO) in January 2017. The Greek National Tourism expects a record-breaking 30 million international visitors to Greece for 2017. This represents a growth rate of 7% or an additional 2 million additional visitors increase from the previous year. The Greek National Tourism Organisation's development strategy includes increasing access via air, land and sea; increased focus on audience segmentation including: luxury, religious, cruises, yachting, diving, cultural tourism, adventure, LGBT and new international markets such as China; and the use of new technology platforms and social media.
Greece ranked second place in the world on the 2017 Blue Flag quality award list for beaches and marinas, among 47 countries. A total of 486 beaches and 12 marinas were honored with the quality “Blue Flag” award in Greece for 2017.
KTC is servicing the Cyprus and Greece travel and tourism sector providing to hotel owners, ferry companies and leisure enterprises a variety of tailored services, making sure the business is run as a smooth operation and maximum value is reached.
Tax planning and company structure by our experts will ensure your organisation is operates in a positive and healthy manner.