Cyprus sees tourist increase despite collapse of Thomas Cook

Published on : Thursday, November 21, 2019

Tourist arrivals in Cyprus increased in October and in the first 10 months of this year in spite of apprehensions about a decline due to collapse of Thomas Cook package travel agency in the UK, said Deputy Minister for Tourism Savvas Perdios.

 

For Cyprus, tourism market is the largest economic sector. It contributed over 23 percent to the 20-billion-euro gross domestic product (GDP) in 2018, and has supported the economy to get back from the shock of the 2013 Cypriot economic and banking crisis.

 

Tourist increase has helped Cyprus balance the loss of about 50,000 tourists who were supposed to travel with Thomas Cook and the estimated 45-million-euro damage caused to hoteliers.

 

Perdios said that a spike in tourist arrivals from Russia and Israel pushed up the total number of tourists in October, which is the last tourism month of the year, from 433,600 to 436,500, marking an increase of 0.7 percent.

 

Between January and October 2019, total arrivals went up from 3,673,400 to 3,697,050, marking an increase of 0.6 percent compared to the same period last year.

 

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