according to a KPMG Cyprus report, New 5-star hotels in the Limassol and Famagusta districts will pave the way for an 18% rise in the number of available beds throughout Cyprus. These Four new super-luxury hotels will add a total of 2,590 beds within four years, in the tourism industry of Cyprus. according to a KPMG Cyprus report, these hotels will be in Limassol and Famagusta and will pave the way for an 18% rise in the number of available beds throughout Cyprus,
Chrysomare Beach Hotel’s Construction in Ayia Napa will add 640 beds and the Sun City Resort in Famagusta 460 extra beds before the year’s end. And in 2022, Sofitel Cyprus Limassol will add another 490. moreover, the construction of the City of Dreams Mediterranean casino in Limassol will add 1000 new beds and is expected to be completed in 2021.
The consortium, leading the development of the casino resort, expectation that such development will attract an additional 300.000 of inbound tourists annually. The middle length of stay for star hotels (5,2 days) and room occupancy factor (2,03) remains at 2018 levels.
As for upcoming hotel developments, a 59% rise in rooms per city and potential increase (star hotels) is expected in Nicosia, 26% in Limassol, 34% in Larnaca, 16% in Famagusta district and 8% in Paphos. In addition to luxury hotels, golfs and marinas are some of the touristic developments that are aiming to attract high-end tourism and as a result, upgrade the touristic product of the island.
Every future proposed marinas, as well as the relatively recently completed Limassol marina, are part of multifaceted tourism developments which include hotels, apartments, villas, and other leisure establishments. According to the KPMG report, these diversified offerings are expected to increase the island’s tourism capacity, while contributing to the enrichment of the island’s tourism product.
