Economy category powered by

Record-breaking tourist arrivals in July

Tourist arrivals exceeded 2.2 million in the January - July 2024 period, with July arrivals reaching 551,229, the highest performance for this month on record.

According to CySTAT data, during the seven months of 2024, tourist arrivals reached 2,203,704 compared to 2,137,408 in the corresponding period of 2023, marking an increase of 3.1%.

In July, tourist arrivals totaled 551,229 compared to 523,718 in July 2023, an increase of 5.3%, with arrivals showing a marginal increase of 0.05% compared to July 2019 (550,971), the record year for Cypriot tourism.

According to CySTAT, arrivals from the United Kingdom were the main source of tourism for July 2024, as they made up 33.9% (186,751) of total arrivals, arrivals from Israel amounted to 12.9% (71,238), arrivals from Poland to 6.4% (35,456), arrivals from Sweden to 4.3% (23,511) and arrivals from Germany tp 3.8% (20,726).

Compared to July 2023, arrivals from the UK are up 6.15%, while those from Israel are up 10%.

7% reduction in Cyprus residents' trips abroad

Besides, according to the Statistical Service, the trips of Cypriot residents abroad in July 2024 amounted to 171,382 compared to 184,335 in July 2023, marking a decrease of 7.0%.

The main countries from which Cypriot residents returned in July 2024 were Greece with 40.1% (68,805), the United Kingdom with 11.1% (18,987) and Italy with 4.8% (8,191), CySTAT notes.

(Source: InBusinessNews)

Read More

Major recognition for CARAMONDANI Group in the global desalination industry
Tango CFO Nati Toledo: Headquartering in Cyprus was the right decision
George Campanellas on the many attractive sectors for investment on offer in Cyprus
Demetris Tsiakkis: Cyprus’ real estate market exceeded €4b in 2024
George Chrysochos: Investments in urban apartments have the best returns
Alkis Simopoulos on the ease of doing business Cyprus
Panel discussion highlights Cyprus as a premier destination for High Net Worth Individuals
Alpha Bank's Kyriacos Michaelides highlights Cyprus as a destination for Affluent & HNWIs
Chief Scientist presents Cyprus as a growing hub for technology, innovation and digital transformation
Kornilios Korniliou: The 7th Doing Business in Cyprus Summit "underscores the immense potential of our bilateral relations"