Tourism Revenue Declines Sharply In Cyprus As Israeli Arrivals Plummet

Declining Revenue Figures

Data from the Statistical Service show that tourism revenue in Cyprus fell to €85.6 million in March 2026, compared with €129.4 million in March 2025, representing a decline of 33.8%. A significant reduction in arrivals from Israel, one of Cyprus’ key tourism markets, contributed to the decrease.

Downturn In Arrivals And Expenditure

Tourist arrivals declined to 139,198 in March 2026 from 200,736 a year earlier. Average expenditure per visitor also decreased by 4.6%, falling from €644.65 to €615.27. As a result, both visitor numbers and spending contributed to lower tourism revenue during the month.

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Market-Specific Impacts

The sharpest decline was recorded in the Israeli market, where arrivals fell from 28,353 in March 2025 to 1,537 in March 2026. Israeli visitors have historically ranked among the highest-spending tourist groups. In March 2025, average daily expenditure among Israeli tourists reached €194.69.

Despite lower visitor numbers, the United Kingdom remained Cyprus’ largest tourism market, accounting for 32.9% of total arrivals. Arrivals from the UK declined from 61,545 to 45,763, while British tourists spent an average of €69.01 per day and €669.43 per trip.

Poland and Germany remained the second and third largest source markets, representing 12.6% and 10.8% of arrivals respectively. Average daily expenditure reached €81.99 for Polish visitors and €77.88 for German tourists, while average spending per trip stood at €401.76 and €724.25 respectively.

External Factors And Future Implications

Additional pressure on the tourism sector came from security concerns following a drone incident near the British RAF base at Akrotiri, which prompted travel advisories and precautionary measures in several countries. Recent data highlight the impact that changes in key source markets can have on tourism revenue, particularly when declines affect higher-spending visitor segments. Industry stakeholders and policymakers are expected to continue monitoring arrival and spending trends as they assess the performance of the sector during the remainder of the year.

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Cyprus Remains Among EU’s Lowest Renewable Electricity Producers

by THEFUTURE.TEAM

July 27, 2026

Cyprus remained among the European Union’s weakest performers in renewable energy adoption in 2025, with renewables accounting for 27.5% of gross electricity consumption, according to new data published by Eurostat.

Across the EU, renewable sources supplied 49.9% of gross electricity consumption last year, bringing the bloc close to generating half of its electricity from renewable energy.

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Cyprus Remains Among The EU’s Lowest Performers

Cyprus ranked among the EU countries with the lowest share of renewable electricity, ahead of only Malta at 11.2%, the Czech Republic at 19.2%, Luxembourg at 23.3% and Slovakia at 24.1%.

Across the country’s broader energy system, renewables accounted for 21.5% of gross final energy consumption in 2025.

EU Renewable Electricity Continues To Grow

Renewables supplied 49.9% of gross electricity consumption across the EU in 2025, up from 47.5% a year earlier. Since Eurostat began collecting comparable data in 2004, the share has risen from 15.9%.

Austria recorded the highest share at 90.8%, followed by Sweden at 89.2%. Denmark generated 77.7% of its electricity from renewable sources, followed by Portugal at 65.6%, Greece at 60.9% and Spain at 60.7%.

Overall Energy Transition Still Has Work Ahead

Renewables accounted for 26.2% of the EU’s gross final energy consumption in 2025, up from 25.2% in 2024 and 9.6% in 2004.

Despite the increase, the bloc remains below its legally binding target of 42.5% by 2030. According to Eurostat, achieving that goal will require an average annual increase of 3.3 percentage points between 2026 and 2030.

Sweden recorded the highest overall renewable energy share at 65.4%, followed by Finland at 53% and Denmark at 48.2%. Belgium recorded the lowest share at 14.9%, followed by Slovakia at 16.3% and Ireland at 17.2%.

Heating And Cooling Also Show Steady Progress

Renewable energy accounted for 27.4% of heating and cooling across the EU in 2025, the highest level since comparable records began in 2004. The share increased by 0.7 percentage points from 2024, slightly below the long-term annual average increase of 0.75 percentage points.

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