Cambodia Targets over 7 Million Foreign Tourists in 2025
Following a successful year in 2024 that saw foreign tourist arrivals exceed expectations, the Ministry of Tourism has set an ambitious target of attracting up to more than 7 million international tourists in 2025. “The ministry has set a strategic plan in targeting to attract up to 7.2 million or 7.5 million foreign tourists in […]
World Bank sees Cambodia’s growth at 5.5 percent in 2025 and 2026
The World Bank’s latest Global Economic Prospects report has forecast Cambodia’s GDP growth at 5.5 percent for this year and next year — up from an estimated 5.3 percent last year. Released in Washington on Thursday, the annual report ranks Cambodia among the fastest-growing emerging markets and developing economies in East Asia—ahead of China, Indonesia, […]
Improved tourist flow expected in 2025, Hoteliers’ Association President predicts
The messages for tourism in 2025 are positive, with a better flow of bookings compared to last year, according to the President of the Cyprus Hotel Association, Thanos Michaelides. Speaking to the Cyprus News Agency (CNA), Michaelides said that observing the flow of bookings for 2025, it seems that there is interest in making reservations earlier, […]
Tourist arrivals in Cyprus exceed four million for the first time
Tourist arrivals in Cyprus in 2024 exceeded four million for the first time, recording a historic value with 4,040,200 arrivals, compared to 3,845,652 in 2023, marking a significant annual increase of 5.1%. The previous record for arrivals was recorded in 2019 and was 3,976,777. In addition, according to CySTAT, tourist arrivals in December 2024 set […]
Ministry launches €3m scheme to modernise hotels in rural areas
The Deputy Ministry of Tourism on Friday announced the second call for proposals under its €3 million grant scheme to boost tourism across Cyprus. The scheme aims to support the modernisation and competitiveness of hotels and tourist accommodations in rural, mountainous, and other remote areas. This initiative aims to strengthen tourism infrastructure by offering financial […]
€60 million Limassol healthcare centre gets the green light
The environmental authority has approved the €60 million American Medical Centre Limassol / American Heart Institute project, according to an announcement released on Friday. “The approval by the Environmental Authority lays the foundation for a model private hospital in Limassol, setting a new benchmark for the health sector based on the highest international standards,” said […]
Cyprus’ role in global shipping discussed at Athens conference
The 17th International Shipping Conference took place in Athens this week, with the central theme being the bridging of the shipping industry with capital markets. Co-hosted by Maritime Economies and UPoilTankers and Trading Inc., the event attracted 244 industry professionals and featured 31 speakers alongside 34 sponsors, enriched by significant insights from Cyprus’ maritime sector […]
High rise building to replace Limassol landmark
Limassol’s Ariel Cinema, a historic site long out of use, is set to be transformed into a 19-storey mixed-use tower following approval from the environment department. Dating back to 1966, the cinema was located at the intersection of Makariou and Agia Zoni streets and featured separate theatres for winter and summer viewings, making it a […]
Cyprus Business Now: hotel bookings, Paphos tourism, CBC governor
The outlook for Cyprus tourism in 2025 is encouraging, with booking flows surpassing those of the previous year, according to president of the Cyprus Hoteliers Association (Pasyxe) Thanos Michaelides. Michaelides stated that early bookings for 2025 are showing stronger interest compared to the same period in 2024. He explained that “while 2024 was considered a […]
Cambodia showcases tourism attractions at TRAVEX
Cambodia has showcased its tourism potential at the ASEAN Travel Exchange (TRAVEX) in Malaysia, sharing insights into the country’s rich cultural and natural attractions, and highlighting the Kingdom’s readiness to welcome international tourists in 2025. In a press briefing held at the ASEAN Travel Exchange (TRAVEX), in Johor Bahru, Malaysia, Ouk Sam Ath, Deputy Director […]
