Cyprus tourism breaks all record this year and pushes its economy

Published on : Thursday, November 23, 2017

Cyprus tourismCyprus has bounced back after going through a five years bank crisis that almost brought down the economy of this island country. Foreign visitors have visited Cyprus in record numbers this year, therefore pushing up revenues. In the last two months the country hosted over 3.4 million people till the end of October 2017, as expressed by the official figures as published by the Agence France-Presse news agency.

Cyprus is generally considered as a safe haven in an otherwise unstable region as many visitors have stopped visiting many rival countries from unrest like Egypt, Tunisia and Turkey, profiting the island that came apart ever since an unlawful invasion in 1974 that has seen Turkey occupy the northern third.

Arrivals in the initial ten months of this year has already exceeded happily, the record 3.18 million registered in last year 2016 along with its biggest market and former Colonial ruler, Britain, that still keeps a military base on the island. They increased by 8 percent.
The number of Israeli tourists increased by 80.8 percent followed by Germany with 60 percent. Tourism income accounts for about 12 percent of the country’s GDP and been credited with stimulating the recovery.


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