Newsroom
According to Kathimerini's Apostolos Tomaras, tourism in Cyprus remains strong despite geopolitical tensions in the Middle East. The summer season has shown a slight increase in tourist arrivals compared to last year, with current figures indicating a positive trend. Tourism receipts up to May have mirrored this performance, suggesting that Cyprus' tourism sector is holding steady.
The article continues by saying that tourism professionals are optimistic that 2024 will match the performance of 2023. This optimism is supported by data showing stable or improved performance across various metrics. Although there was initial concern due to the Middle East crisis, the behavior of tourists has adapted, according to Haris Papacharalambous, president of the travel agents' association. However, some hoteliers remain cautious about potential future impacts if the regional crisis escalates.
Air Traffic:
Passenger arrivals in Cyprus increased by 1.45% compared to the same period in 2023. Cyprus continues to serve as a safe transit point, with air traffic showing a 2.8% rise in flights compared to last year. The main markets for Cypriot tourism— the United Kingdom, Greece, Poland, Israel, and Germany—have seen a 4.42% increase in passenger numbers from January to July 2024.
Bookings:
Tourist accommodation for August is nearly full, with Protaras at 99% occupancy, Ayia Napa, Paphos, and Larnaca at 98%, and Kakopetria at 96%. Limassol's occupancy rate stands at 91%. Despite high occupancy, Paphos hospitality and entertainment sectors are cautiously optimistic about future traffic, especially concerning potential regional instability.
Revenue:
While revenue data for the initial summer months is not yet available, there was an 11% increase in early 2024 compared to 2023. In May, per capita tourist spending was €736.82, a slight decrease from €740.36 in May 2023. British tourists, who make up the largest market share, spent an average of €83.18 per day. Israeli tourists, the second-largest market, spent €161.66 per day. Other notable spending levels included Austrians at €108.89, Belgians at €122.63, Swiss at €144.88, French at €104.09, and Germans at €112.42.
Overall, Cyprus' tourism sector shows resilience and adaptability in the face of regional uncertainties, with strong performance indicators for 2024.
Read the original article in Greek here.
