Establishing A Hotel In Cyprus

Cyprus, being a well-established tourist destination, has a robust hotel industry. The economic sector of tourism and hospitality is one of the largest sectors in the country, with a GDP contribution of almost 15%, expected to further grow up to 25% by 2030. This has led hotel chains and leading hospitality groups to invest and to establish their presence in the country. Large scale projects and luxury developments such as golf resorts, marinas, and the casino resort, have further enhanced the island's hospitality industry.

Tourists and business visitors enjoy a variety of hospitality options ranging from city hotels, luxury resorts, wellness hotels, agricultural accommodation, traditional guesthouses, boutique, and beach hotels. The new label of "historic hotels" has been introduced earlier this month by the Deputy Ministry of Tourism to further enhance the industry, and to showcase the country's historical and architectural heritage.