22/09/2005
www.financialmirror.com
But fewer Cypriots travel abroad
Cyprus enjoyed a bumper season for tourism in August, with arrivals rising by 10.0% compared with the same month of 2004. On the basis of the results of the Passengers Survey, arrivals of tourists reached 336,587 in August 2005, compared with 305,926 in August 2004. This is the best August for the past five years and maybe more (our records go back to 2000).
Germany, Greece and Israel--the second, fourth and seventh largest markets respectively, proved to be strong markets, with arrivals from Germany up 26.2% year on year, from Greece up 32.8% and from Israel up 32.1%.
Arrivals from the main UK market, which supplies more than half of Cyprus' tourists, rose just faster than average at 10.2%.
For the period January-August 2005 arrivals of tourists totalled 1,694,477 compared to 1,573,757 in the corresponding period of 2004, recording an increase of 7.7%. Meanwhile, revenue for the January-July period was up only 1.5%.
Fewer Cypriots returning
The Helios Airways crash on August 14, which killed all the mainly Cypriot passengers and crew on board, appears to have had more of an impact on the willingness of Cypriots to travel abroad than on the willingness of foreigners to visit Cyprus.
In August 2005, 136,897 residents of Cyprus returned from a trip abroad compared to 139,492 in August 2004, recording a decrease of 1.9%.
This is a reversal of the trend for the year: for the period January-August 2005, trips of residents totalled 652,065 compared to 601,031 in the corresponding period of 2004, recording an increase of 8.5%.
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Tourism in Cyprus is doing OK despite of what some people say