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Tourism In Cyprus
Tourism in Cyprus occupies a dominant position in the country's economy, and has significantly impacted its culture and multicultural development throughout the years. In 2006, the tourism industry made up 10.7% of the country's GDP and the total employment in the tourism industry was estimated at 113,000 jobs. With a usual minimum of around 4 million tourist arrivals per year, it is the 40th most popular destination in the world and the 6th most popular per capita of local population. Cyprus has been a full member of the World Tourism Organization since 1975. History Varosha was once one of the most popular destinations in the world, frequented by Hollywood stars such as Marilyn Monroe, until the Turkish Invasion of Cyprus in 1974. It is now abandoned and the majority of it is guarded by armed troops. Tourism Statistics ImageSize=width:270 height:300 PlotArea=left:60 bottom:75 top:10 right:16 AlignBars=justify Period=from:0 till:600 TimeAxis=orientation:horizontal Colors ...
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Late 2000s Recession
The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009.“US Business Cycle Expansions and Contractions”
United States NBER, or National Bureau of Economic Research, updated March 14, 2023. This government agency dates the Great Recession as starting in December 2007 and bottoming-out in June 2009.
The scale and timing of the varied from country to country (see map). At the time, the

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Euro
The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 1 euro cent coin, euro cents. The currency is also used officially by the institutions of the European Union, by International status and usage of the euro, four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. The euro is used by 350 million people in Europe and additionally, over 200 million people worldwide use currencies pegged to the euro. It is the second-largest reserve currency as well as the second-most traded currency in the world after the United Sta ...
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World Travel And Tourism Council
The World Travel & Tourism Council (WTTC) is a forum for the travel and tourism industry. It is made up of members from the global business community and works with governments to raise awareness about the travel and tourism industry. It is known for being the only forum to represent the private sector in all parts of the industry worldwide. Its activities include research on the economic and social impacts of tourism, impact of the industry and its organisation of global and regional summits focused on issues and developments relevant to the industry. History The WTTC began in the 1980s with a group of business executives led by former American Express CEO James D. Robinson III. The group was formed to discuss the travel and tourism industry and the need for more data relating to the importance of what some believed was a non-essential industry. Discussions led to the first meeting of the WTTC in Paris in 1989. The first meeting included a speech by former United States Secreta ...
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Paphos
Paphos, also spelled as Pafos, is a coastal city in southwest Cyprus and the capital of Paphos District. In classical antiquity, two locations were called Paphos: #Old Paphos, Old Paphos, today known as Kouklia, and #New Paphos, New Paphos. It is the fourth-largest city in the country, after Nicosia, Limassol and Larnaca, with an urban population of 63,600 in 2018. The current city of Paphos lies on the Mediterranean Sea, Mediterranean coast, about west of Limassol (the biggest port on the island), both of which are connected by the A6 motorway (Cyprus), A6 highway. Paphos International Airport is the country's second-largest airport, and is a gateway to western and southern Cyprus. The city has a subtropical-Mediterranean climate, with the mildest temperatures on the island. In 1980, Paphos was included on the UNESCO World Heritage List for its ancient architecture, mosaics, and ancient religious importance. It was selected as a European Capital of Culture for 2017 along with ...
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Limassol
Limassol, also known as Lemesos, is a city on the southern coast of Cyprus and capital of the Limassol district. Limassol is the second-largest urban area in Cyprus after Nicosia, with an urban population of 195,139 and a district population of 262,238. The Limassol municipality is the most populated in Cyprus, with a population of 108,105, followed by Strovolos in Nicosia. Limassol was built between two ancient Greek cities, Amathus and Kourion. Its historical centre is located around the medieval Limassol Castle and the Old Port. Today the city spreads along the Mediterranean coast and has extended much farther than the castle and port, with its suburbs stretching along the coast to Amathus. To the west of the city is Akrotiri, one of the two British Overseas Territories of Akrotiri and Dhekelia on the island. In 2014, Limassol was ranked by TripAdvisor as the 3rd up-and-coming destination in the world, in its Top 10 Traveler's Choice Destinations on the Rise list. In ...
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Protaras
Protaras () is a predominantly tourist resort which comes under the administrative jurisdiction of Paralimni Municipality in Cyprus. In ancient times, where Protaras is now located, stood the old city-state of Leukolla.''The Princeton Encyclopedia of Classical Sites''Leukolla The city possessed a small safe harbour where Demetrius Poliorketes sought refuge in the year 306 BC, lying in wait for Ptolemy, one of the successors of Alexander the Great. In the ensuing battle, Ptolemy was defeated and fled to Egypt, leaving Cyprus in the hands of Demetrius for a short time. Protaras is also referred to as "the land of windmills", maintaining the nostalgic quality of the past. Protaras has clear sky-blue waters and sandy beaches, the most well-known of which is Fig Tree Bay. Building on the success of Ayia Napa Ayia Napa ( , ), officially Romanization, romanised Agia Napa, is a Tourism in Cyprus, tourist resort at the far eastern end of the southern coast of Cyprus. Etymology The ...
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Ayia Napa
Ayia Napa ( , ), officially Romanization, romanised Agia Napa, is a Tourism in Cyprus, tourist resort at the far eastern end of the southern coast of Cyprus. Etymology The name Ayia Napa is derived from a Venetian Cyprus, Venetian-era monastery of the same name, located in the centre of the town, next to the square that today is the Nightclub, clubbing centre. The word ''Ayia'' means "holy" in Greek. ''Napa'' is archaic and means "wooded valley" or "Dell (landform), dell". In ancient times the area surrounding the town was covered with thick forest. Geography Ayia Napa lies near Cape Greco at the eastern part of Cyprus, south of Famagusta, and forms part of a larger area known as ''Kokkinochoria'' ("Red Villages", a name derived from the vivid red colour of the soil). It is a town of the Famagusta District, in the remaining Republic of Cyprus-controlled southern part of the district, Ayia Napa is about from Protaras, which has also been developed as a tourist destination. ...
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Chicago Tribune
The ''Chicago Tribune'' is an American daily newspaper based in Chicago, Illinois, United States. Founded in 1847, it was formerly self-styled as the "World's Greatest Newspaper", a slogan from which its once integrated WGN (AM), WGN radio and WGN-TV, WGN television received their call letters. It is the most-read daily newspaper in the Chicago metropolitan area and the Great Lakes region, and the List of newspapers in the United States, sixth-largest newspaper by print circulation in the United States. In the 1850s, under Joseph Medill, the ''Chicago Tribune'' became closely associated with the Illinois politician Abraham Lincoln, and the then new Republican Party (United States), Republican Party's progressive wing. In the 20th century, under Medill's grandson 'Colonel' Robert R. McCormick, its reputation was that of a crusading newspaper with an outlook that promoted Conservatism in the United States, American conservatism and opposed the New Deal. Its reporting and commenta ...
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Travel And Tourism Competitiveness Report
The Travel and Tourism Development Index (TTDI), formerly known as the Travel and Tourism Competitiveness Index (TTCI), is an index developed by the World Economic Forum (WEF) to measure the attractiveness and potential of countries for investment and development in the travel and tourism sector, rather than its attractiveness purely as a tourist destination. First published in 2007 under the title ''Travel and Tourism Competitiveness Report'', the index was rebranded as the TTDI starting with the 2021 report. The TTDI evaluates countries based on their performance across three main subindexes: regulatory framework; business environment and infrastructure; and human, cultural, and natural resources. Countries are scored on a scale from 1 to 6 in these categories, with the aggregated results forming the overall index. In addition to rankings, the report includes detailed country profiles, featuring key indicators sourced from organizations such as the World Bank, the World Tourism ...
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World Economic Forum
The World Economic Forum (WEF) is an international non-governmental organization, international advocacy non-governmental organization and think tank, based in Cologny, Canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer Klaus Schwab. The foundation's stated mission is "improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas". The foundation is mostly funded by its 1,000 member Multinational corporation, multi-national companies. The WEF is mostly known for its annual meeting at the end of January in Davos, a mountain resort in the canton of Graubünden, in the eastern Alps region of Switzerland. The meeting brings together some 3,000 paying members and selected participants – among whom are investors, business leaders, political leaders, economists, celebrities and journalists – for up to five days to discuss list of global issues, global issu ...
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