Income Receipts Research Articles

Analisis Rasio Efektivitas Pendapatan Masa Pandemi Covid-19 pada Wisata Persemaian Permanen Garahan (PPG) Cluster Durian Desa Sidomulyo Kecamatan Silo Kabupaten Jember

The COVID-19 pandemic that started in 2020 has resulted in a decline in the economy in all sectors, including the tourism sector, due to restrictions on community activities. The purpose of this study was to analyze the level of income effectiveness ratio during the COVID-19 pandemic at the Garahan Permanent Nursery Tourism (PPG) Durian Cluster, Sidomulyo Village, Silo District, Jember Regency. This research is descriptive with a quantitative approach. To find out the level of effectiveness of income, the effectiveness ratio is calculated by comparing the realization of income receipts with the target of revenue receipts. Revenue receipts data used in this study are revenue receipts for 2021 and 2022. Based on the results of calculating the effectiveness ratio for revenue in 2021, a result of 100.035% is obtained, which means that revenue receipts for 2021 are very effective, while the effectiveness ratio for 2022 is 71.5%, which means they are in the less effective category.

Pengaruh Optimalisasi Pengelolaan Transaksi Finansial Terhadap Pencapaian Penerimaan Pendapatan Yang Dimediasi oleh Fee Based Income Brilink

In recent years, the banking industry has experienced major challenges, namely unstable interest income. Banks need to consider alternative income outside of interest income. If the bank wants to maintain its profit level, the sources of income other than income from loan interest must be intensified through fee-based income. This study aims to determine the number of agents, CASA, jawara juragan agents, and BEP agents affecting BRILink financial transactions, financial transactions affecting BRILink fee-based income, and the implications of income receipts affected by BRILink fee-based income. This study uses secondary data with CASA variables, number of agents, jawara juragan agents, BEP agents, financial transactions, fee-based income (FBI), and income receipts. Data were analyzed using Structural Equation Modeling (SEM), which was processed through Smart PLS 4.0. The results showed that from the CASA variables, the number of agents, jawara juragan agents, and the BEP agents, only the number of agents significantly influenced BRILink financial transactions. BRILink's financial transactions significantly affect BRILink's fee-based income. BRILink's fee-based income has a significant influence on income receipts.
 

Analisis Sistem Informasi Akuntansi Penerimaan Kas Pada Pelayanan Rawat Inap Di Rumah Sakit X

This study aims to analyze the income receipts accounting information system for inpatient services at X Hospital. This research applied a qualitative approach. The data sources used were primary and secondary data. Data collection was conducted through observation, interviews, and documentation. The results showed the application of income receipts accounting information systems for inpatient services had not been appropriate and effective. This could be seen from the unclear job description and authority in each division, and there was no proportional differentiation of duties and responsibilities. The application income receipts accounting information system was done manually and it had not used serial numbers. In addition, the cash had not been deposited to the bank and petty cash has not been implemented. This might lead to fraud in cash management and abuse of authority in each department.

Analysis Of The Financial Performance Of The Regional Government Of Sidenreng Rappang Regency Before And After Obtaining Fair Opinion Without Exemption (WTP)

This study aims to determine a comparison of the financial performance of the regional government of Sidenreng Rappang district based on the independence ratio, effectiveness ratio, efficiency ratio, spending harmony ratio, and growth ratio. The data collection technique used in this study is Documentation. The data analysis technique in this study is a quantitative descriptive technique and analysis of financial performance ratios in the form of independence ratios, effectiveness ratios, efficiency ratios, spending harmony ratios, and growth ratios. The results showed that the level of independence indicated that Sidenreng Rappang District before and after WTP was categorized as instructive independence or where the role of the central government was still dominant compared to the role of the regions themselves. The effectiveness ratio shows that Sidenreng Rappang District before WTP and after WTP is categorized as ineffective because the average value is below 100%, this shows that the financial performance of Sidenreng Rappang Regency has not been able to achieve the goals or targets that have been set or planned. The efficiency ratio shows that Sidenreng Rappang District before WTP and after WTP is categorized as Efficient, this shows that the local government has been careful in calculating the costs incurred. The growth ratio shows that the percentages of Sidenreng Rappang Before WTP and After WTP experienced unstable percentages because the available data was still fluctuating. This is caused by the target factor and the realization of regional income receipts that vary each year. From the results of the study it is said that the hypothesis Ha is accepted and Ho is rejected or there is no difference in the financial performance of the Regional Governments before and after WTP in Sidenreng Rappang Regency.

ANALISIS FAKTOR EKONOMI ALIH USAHATANI KAKAO KE TANAMAN NILAM DI DESA AERE KECAMATAN AERE KABUPATEN KOLAKA TIMUR

This studied aim to determine the economic factors that influence the transfer of cocoa farming to patchouli in Aere Village, Aere District, East Kolaka Regency. The implementation of this study was carried out in April 2022 with a total of 30 respondents who transferred cocoa farming to patchouli crops in total. The transfer of farming business carried out by farmers in Aere Village is to change the cultivation of farming businesses that used to be cocoa to patchouli plants. The data analysis used is to determine the difference in the amount of income receipts of farmers before transferring farming and after transferring farming. The results showed that the amount of income receipts of farmers who transferred cocoa farming to patchouli crops in Aere Village, Aere District, East Kolaka Regency had a considerable difference where the average income of cocoa farmers before switching was Rp. 132.300.564,-/ year and after switching to patchouli crops, the average income of farmers was Rp. 517.309.571,-/ year

Pengaruh Kesadaran Wajib Pajak, Kualitas PeLayanan Perpajakan Terhadap Penerimaan Pajak Penghasilan Orang Pribadi di KPP Pratama Cibitung

This study aims to determine and analyze whether the effect of taxpayer awareness, tax service quality, on individual tax income receipts. Respondents in this study were individual taxpayers at KPP Pratama Cibitung. The number of taxpayers who became the sample of this study were 235 taxpayers at KPP Pratama Cibitung. The sampling method used in this research is random sampling. The data analysis technique used is instrument test (validity test and reliability test), and classical assumption test (normality test, multicollinearity test, and heteroscedasticity test). While the hypothesis test is a partial test (t test), simultaneous test (F test) and the Coefficient of Determination test.
 The results showed that taxpayer awareness, tax service quality proved to have a significant positive effect on individual income tax receipts simultaneously. Partially, the taxpayer awareness variable has an effect on income tax receipts with a significance of 0.000 for income tax revenues. Meanwhile, the quality of tax services has a significant effect on income tax revenues with a significance value of 0.167 which has the most significant effect. The coefficient of determination is 68.8%.

Pengaruh Ratio Keuangan Terhadap Kinerja Keuangan Pada Perusahaan Sub Sektor Makanan

The purpose of this study is to see the effect of financial ratios on financial performance in food sub-sector companies listed on the Indonesia Stock Exchange both partially and simultaneously. Earnings growth is a measure that compares how much increase in income receipts in the current period with earnings in the current period. then. The greater the opportunity to grow the company, the higher the opportunity for the company to increase its profits. Companies that experience an increase in profits can strengthen the relationship between company size and the level of profit earned where companies that experience an increase in profits can have a larger number of assets so that they have more opportunities to generate profits in the future. The profit growth experienced by a company does not always increase every year, sometimes it will decrease in the following year. The population in this study has all the food sub-sector companies listed on the Indonesia Stock Exchange for the 2016-2020 period, as many as 26 companies and the sample with a total of 65 units of analysis. The research method applies multiple linear regression analysis techniques. The result of this research is that liquidity and activity variables partially have no effect on profit growth in food sub-sector companies listed on the Indonesia Stock Exchange. Leverage and profitability variables partially affect profit growth in food sub-sector companies listed on the Indonesia Stock Exchange. The variables of liquidity, leverage, profitability and activity together affect profit growth in food sub-sector companies listed on the Indonesia Stock Exchange.

УПРАВЛІННЯ ФІНАНСОВИМИ РИЗИКАМИ ПІДПРИЄМНИЦЬКОЇ ДІЯЛЬНОСТІ В УМОВАХ КРИЗИ

Nowadays, entrepreneurial activity in the field of small business plays an important role in the development of the Ukrainian economy. Economical activity of enterprises in the sphere of small business is connected with financial risks, management of which is considered to be the indispensable condition for ensuring its stable and effective functioning. The article examines the key aspects of the management of financial risk of entrepreneurial activity under crisis. The analysis of business development in Ukraine was carried out. The meaning of definition "financial risk" is presented. It is indicated that one of the most important areas of financial policy of small businesses at the present stage is the formation of key conditions for the management of financial risks, which are aimed at ensuring profit growth, minimization of financial costs, ensuring the necessary liquidity, etc. The key factors of financial risk have been identified. An assessment of financial risk factors has been carried out. The main functions of financial risk management have been identified. The methods for determining the probability of financial losses were established and analyzed, and their advantages and disadvantages were defined. It is indicated that one of the main functions of financial risk management in small business sector is to optimize financial flows. Optimization of financial flows involves the selection and application of the most optimal forms of organization of financial activities taking into account the specifics of the implemented enterprise strategy. Measures for the improvement of income receipts have been requested. An algorithm for assessing financial risks of the enterprise on the basis of the analysis of the sensitivity of cash flows was developed. The article offers suggestions on the optimal way of assessing financial risks in small business. As a result, it is noted that the management of financial activity in the sphere of small business is one of the main tasks of risk management of the enterprise. However, the financial management system of such a business activity has its own specifics and for ensuring the development of the business it has to be extensive.

Performance of Tourism Competitiveness in National Park Area of Indonesia

Essentially tourism Indonesia has certain excellence natural attraction wealth, one of them is the largest tropical forest products after Brazil and having 54 national parks. This country also has a nature property and the diversity of culture, typical living culture and a bonus of demographic to participate in tourism. Nowadays, Indonesian government is setting a tourism sector as one of a priority program. Measuring the performance of the tourism sector is not only measured by the number of tourists visit but the impact of the tourism sector is also to be able to become income sources and income in the region. Therefore, we present an assessment regarding to a potential correlation and characteristics of the tourism competitiveness through a non-tax income receipts on the site of a national park, and local government revenue, and tourist arrival at districts with its national park in Indonesia. We employ method of clusters and canonical correlation analysis. As results, we formed 3 (three) clusters of areas that have a national park based on the characteristics of potential tourism competitiveness. From these clusters, the tourism competitiveness, the most superior factor is security purchasing power parity, price competitiveness, tourist service infrastructure, openness indicator, environment indicator, and social development indicator. We conclude finally that none of the competitiveness of tourism in the region has a strong correlation in the non-tax income on the site of a national park, and local government revenue, and tourist’s arrival in districts with its a national park in Indonesia.

Sectorial Analysis of the U.S. and China Trade Conflict

The impact of the U.S - China trade conflict extends beyond both nations' economies to the economies of trade allies and non-trading partners caught in the web of the trade impasse. This paper conducts a sectoral analysis of the trade conflict on the U.S economy using the manufacturing, agriculture, and technology sectors as metrics. We explore data from the databases of the U.S Census Bureau and the U.S Bureau of Economic Analysis from 2001 to 2019. The trade conflict has led to a significant reduction in trades between both nations. The 25% counter tariff imposed by China reduced U.S exports by $30 billion between 2018 and 2019. Primary income receipts declined 10%, and secondary income receipts declined further in the negative territory. China's counter-tariffs increased component costs for the U.S automobile industry, leading to a reduction in the number of new and used vehicles sold during the period. We identify an incentive-driven trade policy framework against the current punitive stance, the resumption of trade negotiations, and leveraging the WTO's instrumentality as measures to resolve the current trade conflict.

Przychody pierwotne a nierówności dochodowe w krajach wschodzących

Do potencjalnych przyczyn wzrostu nierówności dochodowych zalicza się procesy globalizacyjne, w tym migracje ekonomiczne i BIZ. Dotychczasowe badania koncentrowały się na związku między nierównościami dochodowymi a przepływami osób i kapitału. Niewiele uwagi poświęcano generowanym przez nie transferom dochodów rejestrowanym na rachunku obrotów bieżących jako dochody pierwotne. Dotychczasowe analizy poświęcone tym zagadnieniom skupiają się na skutkach transferów dochodów migrantów do kraju pochodzenia i odnoszą się głównie do krajów słabo rozwiniętych. W niniejszej pracy przeanalizowano zależność między przychodami pierwotnymi a nierównościami dochodowymi za pomocą narzędzi kointegracji panelowej dla sześciu krajów wschodzących: Polski, Czech, Egiptu, Rosji, Turcji i Chile. W odróżnieniu od większości dotychczasowej literatury za miernik nierówności dochodowych przyjęto udział najwyższego centyla w dochodzie narodowym wyznaczony na podstawie danych fiskalnych (baza danych WID). Wyniki analizy wskazują na długookresową, dodatnią zależność pomiędzy udziałem przychodów pierwotnych w PKB a udziałem najwyższego centyla w dochodzie narodowym. Wzrost (spadek) udziału przychodów pierwotnych w PKB stanowi ponadto długookresową przyczynę wzrostu (spadku) nierówności dochodowych. Otrzymane wyniki są odporne na zmianę metody estymacji (CCE, DOLS, VECM). Ograniczeniem niniejszej pracy jest niezadowalająca dostępność porównywalnych danych na temat badanych kategorii, utrudniająca rozszerzenie analizy na większą liczbę krajów wschodzących.

Impact Of Village Financial Implementation On Village Financial Management Accountability

Accountability in the implementation and management of village finance is very important. Requires the village government to manage village finance professionally, effectively and efficiently, and responsibly. One source of village income that functions as a source of village operational activities and for community empowerment is the Village Fund. With the receipt of this fund, the village government must be prepared and able to manage village finance based on the principles of transparency, accountability, and participation in accordance with Minister of Home Affairs Regulation No. 113 of 2014. The purpose of this study is to determine the effect of village finance on village financial management accountability. The subject of this study was the village government in East Java. The sample in this study were 374 villages. The results show that the implementation of income receipts, expenditure implementation, and financing implementation have a significant influence on the accountability of village financial management.

Особливості організації обліку розрахунків з бізнес-партнерами щодо екологічної діяльності лісогосподарського підприємства

Необхідною умовою екологічно сталого, екозбалансованого функціонування підприємств лісового комплексу є відповідність між взаємозв'язаними його структурними елементами – раціональне використання та відтворення лісових ресурсів. Це завдання має вирішувати лісогосподарський менеджмент. У сучасному менеджменті щоразу чіткіше проявляється значення системних знань про значення лісових ресурсів, що дають змогу не тільки своєчасно і якісно управляти поточним лісокористуванням, але й прогнозувати розвиток подій у лісоресурсній сфері, зокрема в соціально-екологічному аспекті. Управління лісоекологічною діяльністю доцільно проводити з використанням системного підходу, оскільки дослідження взаємодії лісогосподарювання, навколишнього середовища та населення визначає умови, які могли б сприяти сталому лісокористуванню. Облік розрахунків із постачальниками та підрядниками є найважливішою ділянкою бухгалтерської роботи, оскільки на цьому етапі формується основна частина доходів та грошових надходжень підприємств. Поглиблення сутнісно-змістовної основи екологізації управління з позиції функціонального, системного, ситуаційного та процесного підходів є необхідною умовою подальшого розвитку економічних механізмів та методів екологічного менеджменту в контексті принципів сталого багатоцільового лісокористування та екосистемного управління лісами. Розглянуто особливості організації обліку розрахунків з партнерами по бізнесу щодо екологічної діяльності лісогосподарського підприємства. Оцінено потенціал існуючих розробок щодо організації обліку розрахунків із партнерами по бізнесу підприємств. Розроблено прикладні пропозиції щодо розрахунків лісогосподарського підприємства з партнерами по екологічній діяльності. Запропоновано організацію обліку розрахунків лісогосподарського підприємства щодо його екологічної діяльності з постачальниками, підрядниками, замовниками.

HOMESTAY OPERATION UNDER THE PURVIEW OF THE MINISTRY OF TOURISM AND CULTURE OF MALAYSIA: THE CASE OF KELANTAN HOMESTAY OPERATORS

This research outlines the selection, registration, operation and management of formal homestays under the purview of Ministry of Tourism and Culture of Malaysia. Using a case study of Kelantan, the research further elaborates on the inception of such concept in Malaysia, the process and procedures for establishment of homestay operation as well as the maintenance and upholding qualities of the current operational homestays. One of the largest contributing sectors to the Gross National Product in 2015, tourism offers great and various activities to tourists domestic and international alike. One such activities is agrotourism that provide opportunities for the visitors to stay and experience the life of an agriculture community in rural areas of Malaysia. Kelantan being one of the most remote areas in the Peninsula is still rich with natural resources and agricultural produce has the advantage of showcasing the unique attractions to various tourists’ types, especially those who were willing to stay overnight or more to properly enjoy and learn about realities of daily life of these selected communities. A gap in the literature identified that research on how these communities were selected to offer such activities while maintaining their identities are scantily available. Hence, this research aims at explaining the processes of registering of homestays and rooms for tourists stay and identifying improvement areas which can be targeted to increase the income receipts from this specialised yet diversified sector.

HOMESTAY OPERATION UNDER THE PURVIEW OF THE MINISTRY OF TOURISM AND CULTURE OF MALAYSIA: THE CASE OF KELANTAN HOMESTAY OPERATORS

This research outlines the selection, registration, operation and management of formal homestays under the purview of Ministry of Tourism and Culture of Malaysia. Using a case study of Kelantan, the research further elaborates on the inception of such concept in Malaysia, the process and procedures for establishment of homestay operation as well as the maintenance and upholding qualities of the current operational homestays. One of the largest contributing sectors to the Gross National Product in 2015, tourism offers great and various activities to tourists domestic and international alike. One such activities is agrotourism that provide opportunities for the visitors to stay and experience the life of an agriculture community in rural areas of Malaysia. Kelantan being one of the most remote areas in the Peninsula is still rich with natural resources and agricultural produce has the advantage of showcasing the unique attractions to various tourists’ types, especially those who were willing to stay overnight or more to properly enjoy and learn about realities of daily life of these selected communities. A gap in the literature identified that research on how these communities were selected to offer such activities while maintaining their identities are scantily available. Hence, this research aims at explaining the processes of registering of homestays and rooms for tourists stay and identifying improvement areas which can be targeted to increase the income receipts from this specialised yet diversified sector.

Penny wise and pound foolish? On the income from Germany’s foreign investments

Recently, Germany’s current account surpluses have been a cause of concern both in the public debate as well as in policy circles. Although accumulating net foreign assets appears reasonable against the background of population ageing, one of the criticisms that has been voiced repeatedly in this regard is that Germany’s savings are being squandered abroad. In order to disentangle the dynamics of the German investment income balance, we apply a novel decomposition framework to a rich German dataset spanning 11 different asset classes between 1999 and 2014. First, we show that Germany gained a yield privilege in this time period and that it would not have been more profitable to invest German savings in domestic assets. Second, the accumulation of net foreign assets accounted for 60% of the rise in the investment income balance. Third, the global decline in interest rates in the aftermath of the global financial crisis led to an appreciable dent in net investment income receipts, which leaves scope for a risk sharing interpretation.

La reorganización de la comunidad de ciudad y tierra de Segovia durante la Edad Moderna. Las ventas de lugares en el siglo XVII

This research tries to study and analyze the jurisdictional exemptions, known as sales of subjects, occurred throughout seventeenth centuries in Segovia, understanding by jurisdiction the power awarded by the monarchs, until the beginning of nineteenth century, to rule a certain territorial district. But that not meant that the received jurisdiction was, on the contrary of lay’s jurisdiction, to get land’s property, but some income receipts and above all, the power to put on trial. After an introduction and the current status of the issue, follow the main phases of exemption’s dynamic, carrying on with disputes and complaints happened, and concluding with a part about what the process implied in the development of Segovia’s institutional running.

Formulary measures for the U.S. current account: Accounting for transactions attributable to special purpose entities of multinational enterprises

Consistent with the residence concept of BPM6 and the SNA2008, the U.S. current account reflects international transactions within multinational enterprises (MNEs), including international transactions conducted with special purpose entities (SPEs). To better understand the role of SPEs in economic accounting statistics, international guidelines on foreign direct investment (FDI) positions and transactions recommend that compilers distinguish resident SPEs for inbound FDI and encourage compilers to offer supplemental measures on non-resident SPEs for outbound FDI. While U.S. economic accounting statistics are not significantly affected by resident SPEs, recent empirical evidence calls into question the extent to which U.S. statistics may be affected by non-resident SPEs (Lipsey 2009, 2010). In this paper, I explore formulary apportionment as an accounting treatment for transactions related to outbound FDI in the U.S. current account in order to better understand the effects of non-resident SPEs on U.S. economic accounting statistics. The empirical results reveal that formulary apportionment significantly reduces total U.S. exports of services and total U.S. imports of services but the combined effect on U.S. net exports is negligible with no noticeable effect on U.S. gross domestic product (GDP). Likewise, formulary apportionment significantly reduces total U.S. income receipts, which reduces U.S. gross national product by 1.1 percent. The results imply that transactions attributable to non-resident SPEs do not affect U.S. net exports or U.S. GDP. Likewise, nonresident SPEs appear to play a larger role in income-based measures of production than in expenditure-based measures of production.

ANALISIS POTENSI PENERIMAAN PAJAK HOTEL DI KOTA TOMOHON

Regional Income is a source of regional finance and government financing. One of the original income receipts derived from the Regional Tax one of which is tax Hotel. This study was conducted to determine the potential of the hotel tax, the level of effectiveness and Contributions Taxes as a source of regional revenue Tomohon. The analysis method used is descriptive method Quantitative and analyze tax receipts Hotel of the Year 2011-2014. The results showed that the level of effectiveness of a Hotel Tax Year 2011-2014 ineffective. Taxes contribution as a source of regional revenue Tomohon over the last four years and a maximum rated not included in the criteria for contributions "very poor". Based on the results of tests conducted by researchers Potential Pick Taxes owned by the City of Tomohon is Rp.333.140.460. The existence of several barriers such as the lack of supporting facilities such as places of entertainment, which is not accurate setting of targets as well as the threat of natural disasters makes visitors reluctant to stay in Tomohon. Extension of paying taxes to the public awareness and create art festival activities are some of the efforts that have been made by the government to increase the contribution of hotel tax as a source of regional revenue in Tomohon.

Determinants of Tourism for “Sun and Sea’ Cyprus

1. Introduction Tourism contributes to the economic growth of a country, as it is considered a creator of jobs and the engine for economic, social and cultural development (Adamou and Clerides, 2009; Halicioglu, 2004; Idowu and Bello, 2010; Pantazidis, 1997; Jo'hannesson and Huijbens, 2010; Giacomelli, 2006; Onder et al., 2009; Eurostat, 2010). Tourism can help rural areas become tourism centers with many job opportunities. It is estimated that in 2010 tourism generated 221 million jobs around the world and by 2015 it is expected to generate 269 million jobs (Tarlow, 2010). Economies benefit by hotel and restaurant expenditures and taxes, conventions and meetings, transportation taxes and foreign capital investment, especially in hotel construction. (Tarlow, 2010). Export income produced by international tourism ranks fourth after fuels, chemicals and automotive products and it is considered a renewable, infinite export commodity (Mladenovic and Zlatkovic, 2009; Tarlow, 2010). Halicioglu (2004) supports that international tourism ranks first as foreign currency receipts are more than petroleum products, motor vehicles, telecommunication equipment and textiles. Tourism is also a powerful tool for every country to promote its traditional heritage (Idowu and Bello, 2010). Tourism has been for many years a major source of income in Cyprus and has contributed in the economic growth of the island (Clerides and Pashourtidou, 2007; Sola, 2008; Eurostat, 2010; Cyprus Tourism Organisation (CTO), 2010). Cyprus is now an established tourist destination in an extremely competitive environment. Although Cyprus possesses huge and knowledge of over 30 years in the tourism industry, nowadays tourism in Cyprus is passing through a slowdown phase. Therefore Cyprus is called to utilize its accumulated and make a fresh start within the new global competitive environment (CTO, 2010). Existing literature has shown that international tourist demand is mainly affected by economic recessions and financial problems, political instability, natural disasters and energy costs (Beirman, 2008; Hall, 2010; Li et al., 2010). Numerous studies exist regarding the determinants of tourism in many countries, but literature regarding Cyprus is inadequate. The current study will examine the determinants of tourism for Cyprus and aims to provide new evidence and interesting insight. 2. Tourism in Cyprus A mosaic of nature and culture, a whole magical world concentrated in a small, warm and hospitable island in the Mediterranean, at the crossroads of three continents, between East and West that offers a multidimensional, qualitative tourist experience (CTO, 2010). Cyprus is considered to be one of the most tourism-dependent regions in the world, with a strong tourism tradition. It is among the countries with a traditional tourist product and belongs to the European market, which still holds the lion's share in the international tourism market (Sola, 2008). Rich history, warm summers, and nice beaches are the main traits of Cyprus that attract tourists. The tourism industry started to grow in the mid-1960s. However, after the Turkish invasion in 1974, there was a huge reduction in the arrivals of visitors in Cyprus. Therefore, emphasis was given in this sector and tourism recovered in the 1980s. By the end of 1980s tourism became the key driver of economic growth for Cyprus. Income receipts were 20% of GDP and arrivals of visitors were 2.5 times the population (Adamou and Clerides, 2009). The tourism sector was affected again in 1991 due to the Gulf War, and it improved in 2000. Cyprus has been an active member of the World Tourism Organization (UNWTO) since the 1970s (Sola, 2008). The vision of CTO is to make Cyprus a qualitative tourist destination that will satisfy the visitor with various interests and quests and ensure the continuous improvement of the quality of life of the locals (CTO, 2010). …