Key Market Indicators
Revenue from accommodation services in Cyprus is expected to reach €656 million by 2026, down 2.5% each year on average. Since 2010, the market has dropped 13.6% annually. In 2021, Cyprus ranked 23rd, with Finland coming in first at €519 million. France, the United Kingdom and Spain followed in 2nd, 3rd and 4th place respectively. Meanwhile, expenditure on accommodation services in Cyprus is predicted to reach €614 million by 2026, decreasing 2.7% each year on average. Since 2000, demand has dropped 14.6% annually. In 2021, the country came in 21st, with Luxembourg ahead at €481 million. Italy, France and Germany ranked 2nd, 3rd and 4th respectively.
Cyprus Hospitality Market Data and Forecasts
How much will Cyprus Hospitality Market grow to 2026?
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