Cyprus as the premium European Country to invest in Real Estate

15/02/2018

Based on the results of the Passengers Survey, arrivals of tourists reached 406.870 in October 2017 compared to 357.194 in October 2016, recording an increase of 13,9%. October 2017 had the highest volume of tourist arrivals ever recorded in Cyprus during the specific month.

For the period of January – October 2017 arrivals of tourists totaled 3.408.473 compared to 2.974.412 in the corresponding period of 2016, recording an increase of 14,6% and outnumbering the total arrivals ever recorded in Cyprus during the first ten months of the year.

Analysis of changes

Tourist arrivals from the United Kingdom increased by 0,5% in October 2017 compared to October 2016 while an increase of 7,1% was recorded for tourists from Russia. Increases were also recorded from other important tourist markets, such as Germany (73,1%), Israel (55,1%) and Sweden (35,8%). Contrary to that, a decrease of 3,1% in tourist arrivals from Switzerland was recorded. Percentage changes from one year to the next for the main countries of usual residence of tourists, are presented in Table 1.

Main countries

The United Kingdom and Russia constitute the main sources of tourism for Cyprus for October 2017, with proportions of 33,1% and 21,5% respectively, while arrivals from Germany comprise 7,7%, from Israel 6,0% and from Sweden 4,7% of total arrivals

Characteristics of tourists

For a percentage of 83,3% of tourists, the purpose of their trip in October 2017 was holidays, for 10,1% visit to friends and relatives and for 6,6% business (Table 3).

Men comprise 44,7% of tourists and women 55,3%, whilst most of the tourists belonged to the age group of 20-44 years.

The weighting of data is conducted based on the data sent to the Statistical Service by the Civil Aviation Department and from the ship manifests, as well as from data sent by the Analysis and Statistics Office of the Cyprus Police.

 

 

Author: Guy Achkar

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