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12° Nicosia,
13 June, 2025
 

The Cruise Industry: A Catalyst for Economic Growth

Press Release

The global cruise industry has emerged as a significant catalyst for tourism development, contributing substantially to local and national economies.

Cruise tourism stimulates economic activity in various ways, including spending on port infrastructure, shipbuilding, job growth, as well as passenger spending at the destinations.

According to the Cruise Lines International Association (CLIA), in 2023, the cruise sector generated a record-breaking $1.7 billion in total economic impact worldwide, a 9% rise on 2019, which was a benchmark year for cruise industry performance.

The industry also contributed 1.6 million jobs in 2023, paying $56.9 billion in wages, with 77% of these jobs being land-based.
Cruises also contributed $85.6 billion to global GDP, outpacing the growth of the global economy, according to CLIA.

Cyprus: A Re-Emerging Cruise Destination

Against this backdrop, Cyprus is re-emerging as a leading cruise hub in the Eastern Mediterranean.

Strategically located in the region, acting as a bridge between Europe, the Middle East, and North Africa -- Cyprus has traditionally been a cruise destination with an abundance of experiences for visitors.

However, the sector was greatly impacted during the Covid-19 pandemic and later faced setbacks due to regional tensions.
Despite the challenges, the island is currently seeing a resurgence in cruise tourism, with Limassol expecting to receive around 140 cruise ships and 160,000 passengers this year, a marked improvement from previous years.

The Economic and Cultural Impact on Cyprus

The resurgence of cruise tourism in Cyprus has significant economic implications. Passengers contribute to the local economy through spending on excursions, dining, shopping, and other services.

For instance, many guests participate in organized excursions to Limassol’s wine villages, Paphos Castle, and the Troodos Mountains. Such activities not only generate revenue but also promote Cyprus' rich cultural heritage and enhance the island’s global image as a tourist destination.

According to CLIA’s State of the Industry 2025 Report, 60% of passengers stayed one or more nights pre-cruise and 54% stayed one or more nights post-cruise, meaning satisfied visitors will return in the future.

The Ingredients of Limassol’s Success: Strategic Investments

Cruise terminal operator DP World Limassol has played a pivotal role in this revival.

DP World Limassol has invested significantly in upgrading the port facilities to meet international standards. The terminal offers smooth boarding and disembarkation procedures, ample parking, cafeterias, and shuttle services. These enhancements aim to provide a seamless and enjoyable experience for cruise passengers.

Being committed to sustainability and environmental stewardship, the company is also working with the government and local partners to introduce an onshore power supply for ships docking at the port, aiming to reduce carbon emissions and align with European Union climate targets.

Future Prospects

Looking ahead, DP World Limassol expects continued growth in cruise tourism, as the Mediterranean has emerged as the second most popular holiday destination for cruisers, following the Caribbean.

In fact, one out of every six cruise passengers sailed the Mediterranean in 2024.

To support this growth, the Cypriot government is drafting a national strategy for cruise tourism, aiming to transform the island into a prime destination in the Eastern Mediterranean.

The initiative entails collaboration between stakeholders, including government agencies, local communities, and industry partners.
By focusing on sustainable practices, infrastructure development, and cultural promotion, Cyprus aims to solidify its position as a leading cruise destination.

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