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Cyprus Tourism Revenue Falls 33.8% As Arrivals Decline

by THEFUTURE.TEAM

June 2, 2026

Market Overview And Quarterly Performance

Tourism revenue in Cyprus fell 33.8% year-on-year in March 2026, declining to €85.6 million from €129.4 million in March 2025, according to data released by the Cyprus Statistical Service (Cystat). During the first quarter of 2026, tourism revenue reached an estimated €245.5 million, down 11.8% from €278.3 million recorded during the same period a year earlier. The figures are based on passenger surveys conducted at Larnaca and Paphos airports.

Visitor Spending And Behavior Trends

Average spending per tourist declined to €615.27 in March from €644.65 a year earlier, representing a decrease of 4.6%. Daily expenditure fell more sharply, dropping from €89.53 to €72.38. At the same time, the average length of stay increased from 7.2 days to 8.5 days. Despite longer visits, total tourist arrivals fell to 139,198 from 200,736 in March 2025.

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Key Source Markets Under Pressure

The United Kingdom remained Cyprus’ largest tourism market, accounting for 32.9% of total arrivals. Visitor numbers from the UK declined from 61,545 to 45,763, while average spending per person and per day also edged lower. However, the average stay increased from 8.8 days to 9.7 days. Poland and Germany also recorded declines in arrivals and spending. The sharpest drop came from Israel, traditionally one of Cyprus’ strongest tourism markets. Arrivals plunged from 28,353 in March 2025 to just 1,537 in March 2026, significantly reducing revenue from one of the island’s highest-spending visitor groups.

Differentiated Market Performance

Several European markets also reported weaker performance, including Greece, France and Italy, where both arrivals and visitor spending declined. Austria was among the few exceptions. Austrian arrivals increased year-on-year, while average spending reached €763.74 per visitor and €117.50 per day. Swedish tourists also remained among the highest spenders, averaging €834.12 per person despite lower arrival numbers. The March figures highlight the uneven performance across Cyprus’ tourism markets, with declines in several key source countries outweighing gains recorded elsewhere.

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Cyprus Fuel Prices Jump 20.5% As Energy Costs Rise Across The EU

Cyprus recorded a 20.5% year-on-year increase in the prices of fuels and lubricants for personal transport in May 2026, according to Eurostat data released on Monday.

The increase was broadly in line with the European Union average of 20.7%, with fuel and lubricant prices rising across all EU member states during the period.

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Cyprus Tracks The EU Average

Among EU countries, the largest annual increases were recorded in Bulgaria (33.9%), Luxembourg (32.2%), Lithuania (30.8%) and Romania (30.4%). At the other end of the scale, Hungary registered the smallest increase at 3.5%, while annual growth ranged from 12.7% in Poland to 29.2% in France across the remaining member states.

Eurostat noted that fuel and lubricant prices generally declined across the EU until February 2026 before moving higher in subsequent months.

Diesel And Petrol Follow Different Paths

Across the European Union, diesel prices increased by 29% in May 2026 compared with the same month a year earlier, while petrol prices rose by 16.2%. Monthly trends, however, were more mixed. Between April and May 2026, diesel prices across the EU fell by 5.8%, whereas petrol prices increased by 0.8%.

In Cyprus, diesel prices declined by 1.5% over the same period. Although lower than in April, the decrease was less pronounced than in Germany (-11.9%), Greece (-8.5%), Estonia (-8.4%) and Ireland (-8.1%).

Petrol prices moved in the opposite direction, rising by 2.1% between April and May. A similar pattern was observed across much of the EU, with 23 member states reporting monthly increases. Italy recorded the largest monthly rise in petrol prices at 6.9%, while decreases were reported in Germany (-5.6%), Ireland (-2.0%) and Sweden (-0.7%).