Share

Cyprus sets May tourist arrivals record

Nicosia - Bailed-out Cyprus has recorded its best ever tourist arrivals figures for the month of May, tourism officials said on Friday.

The state-run Cyprus Tourism Organisation said ion a statement the 364 943 tourists who arrived on the eastern Mediterranean island in May were the "highest ever recorded" for that month.

In May there was an 18.7% hike in arrivals compared with the same month in 2015 when 307 449 arrived, indicating that the economy is on an upward curve, official data showed.

Tourists from Britain - the island's largest holiday market - increased 4.5% to 129 765, while from second largest market Russia there was a jump of 51.4% to 107 730.

On the downside, tourism from Norway dipped 20.5% in May.

For the first five months, arrivals rose 20.5% to 842 126 from 698 932 last year.

Tourist arrivals hit a 14-year high in 2015 with 2.65 million, but this year industry officials are expecting an even higher total.

Cyprus is seen as a safe family destination in a turbulent region.

Last year, arrivals rose 8.9% from 2.44 million in 2014, the best since the previous record of 2.69 in 2001.

There was also a 4.4% hike in tourism revenue in 2015, the best since 2001.

Following a 10-billion-euro international rescue package to save a crumbling economy and insolvent banks in March 2013, Cyprus returned to growth in 2015 after nearly four years of recession.

Tourism income accounts for around 12% of the EU state's GDP and is credited with ensuring that Nicosia did not suffer double-digit recession post-bailout as initially feared.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.21
-0.5%
Rand - Pound
23.95
-0.7%
Rand - Euro
20.56
-0.5%
Rand - Aus dollar
12.48
-0.7%
Rand - Yen
0.12
-0.2%
Platinum
912.40
-0.8%
Palladium
1,005.00
-2.1%
Gold
2,314.58
-0.3%
Silver
27.17
-0.5%
Brent Crude
88.42
+1.6%
Top 40
68,574
+0.8%
All Share
74,514
+0.7%
Resource 10
60,444
+1.4%
Industrial 25
104,013
+1.2%
Financial 15
15,837
-0.4%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders