Key Market Indicators
The revenue from recreational activities in Cyprus is projected to hit approximately €241 million by 2028, up from around €233 million in 2023. This marks a modest compound annual growth rate (CAGR) of 0.5%. Since the year 2000, the Cypriot market has seen an average annual increase of 1.5%. In the global rankings for 2023, Cyprus was positioned at number 31, with Latvia slightly ahead at the same €233 million mark. Leading the ranks in this sector are France, the United Kingdom, and Spain, which took the second, third, and fourth spots respectively.
