Golf tourism is also expanding rapidly. Cyprus boasts four 18-hole international standard courses and there are plans to construct an additional seven in the future. Other developing areas include health and wellbeing holidays, with the recent creation of several exclusive SPA HOTELS to pamper the visitor. Medical tourism is experiencing unprecedented growth, due to Cyprus’ world-class reputation for high-quality private health care in a technologically advanced environment.
The newly sanctioned state-of-the-art casino developments offer particularly exciting investment potential. Legislation has been passed to award the first casino licences in the spring of 2015 and preliminary studies by the CTO predict annual government revenues of between €35 and €50 million. Plans are underway to develop a casino resort to include other leisure services such as HOTELS, spas and conference centres.
Another potential game changer for the sector has been the recent deal with the Buena Vista Hospitality Group. A leading player in the world of hospitality and golf MANAGEMENT, Buena Vista is about to construct Europe’s largest integrated sports, health and wellness resort on the outskirts of the village of Kalavasos, not far from Limassol. The company will also base its regional headquarters for the Eastern Mediterranean, Middle East, and Balkans on the island. Both developments are a direct result of government efforts to revitalise the economy and sweep away red tape, in the aftermath of the regional financial crisis. Cyprus tourism in Cyprus has emerged from the dark days of recession fighting fit and ready to play a leading role in the region’s economic recovery