The World Tourism Day is celebrated annually on the 27th of September, acting as a reminder of the industry’s key role in a country’s economic growth and its contribution to the society. Cyprus Casinos “C2” and City of Dreams Mediterranean, Cyprus’ first and only licensed Integrated Resort (IR) and the largest one in Europe and the region, celebrate the World Tourism Day by reiterating their ongoing support to build a quality tourism offer that attracts more visitors to the island.
The World Tourism Organisation has dedicated this year’s World Tourism Day to ‘Tourism and Rural Development’, showcasing the contribution of the industry to the survival of rural areas and preserving their cultural and natural heritage. Melco’s vision is aligned with this year’s theme as the Company aims to create a sustainable economy by supporting local communities, employing local talent and forging alliances with local partners.
Grant Johnson, Property General Manager of City of Dreams Mediterranean and Cyprus Casinos “C2”, commented that tourism opens a new window of opportunities for rural areas and local economies. “Tourism has undoubtedly been a major driver of growth for the Cyprus economy over the years, helping the country through challenging periods. Cyprus Casinos and City of Dreams Mediterranean will be a catalyst to creating an all season destination. This will contribute to sustainable economic growth and tourism expansion in Cyprus.” he added.
Specifically, C2 currently employs more than 700 people in various positions across Cyprus. The satellite casinos in Nicosia, Ayia Napa and Geroskipou, are major benefactors of the corresponding local economies by employing local staff, attracting high revenue tourists to the area and raising awareness for the local culture.
On the other hand, City of Dreams Mediterranean will create an estimated 4,000 local job opportunities during the construction phase and approximately 2,500 permanent jobs once it opens, while contributing to approximately 6,500 direct and indirect full-time jobs. Apart from the creation of new jobs, the launch of the IR is expected to attract an additional 300,000 tourists per year while the financial impact of the project on the Cyprus economy is expected to amount to approximately €700 million a year, equivalent to around 4% of the country’s annual GDP, after the second year of the IR’s operation, assuming the COVID situation is under control.
“Even during this challenging period for the world tourism industry, we strongly believe that Cyprus has a bright future ahead. It is important to stay focus and be well-prepared ahead of the next season”, Mr Johnson concluded.