Au­gust sees record in tourist ar­rivals, ytd up 5%

Financial Mirror (Cyprus) - - FRONT PAGE -

Tourist ar­rivals in Au­gust were the high­est ever, ris­ing 5.1% year-on-year to 392,272, while the Jan­uary-Au­gust fig­ures also showed an in­crease of 6.2% y-o-y to 1,842,700, ac­cord­ing to the Cyprus Tourism Or­gan­i­sa­tion.

Monthly ar­rivals saw a re­vival of the Bri­tish mar­ket, with tourist num­bers up 15.7% y-o-y to 156,701, fol­lowed by Is­rael (+27.3% to 16,802), Ger­many (+67.5% to 13,997) and Greece (+19.8% to 8,949), with in­creases also recorded from Ukrane, Poland and Le­banon.

The CTO said that the year-to-date fig­ures showed that the 19.6% drop in tourists from Rus­sia and Scan­di­navia (10.1%), was more than com­pen­sate by an in­crease from other mar­kets.

In the first eight months of the year, in­creases were recorded from the UK (16.3%), Ger­many (34.8%), Is­rael (46.2%), Greece (41.6%), France (30.6%), Hol­land (41.8%), Poland (38%) and Ukraine (15.8%).

The of­fi­cial “sum­mer sea­son” ar­rivals from April to Au­gust also marked a new record, up 5.2% y-o-y to 1,652,710, based on the bench­mark year of 2001.

The CTO said in an an­nounce­ment that the whole sec­tor should re­main vig­i­lant to keep up a steady in­crease of ar­rivals at a time when for­eign earn­ings and ser­vices are the main rev­enue earn­ers for the econ­omy that has just seen two con­sec­u­tive quar­ters of growth and of­fi­cially ex­ited re­ces­sion af­ter three years.

How­ever, the next big chal­lenge should be tack­ling sea­son­al­ity, the CTO said, ex­plain­ing that in­cen­tives such as sub­si­dis­ing un­em­ployed skilled work­ers and lower win­ter tar­iffs for elec­tric­ity should con­tinue through the win­ter months as well, when as many ho­tels as pos­si­ble should re­main open.

Newspapers in English

Newspapers from Cyprus

© PressReader. All rights reserved.