Opens in a new tab

Breaking news

Cyprus Tourism Declines 3.3% In August As Israeli Arrivals Surge

Cyprus recorded 581,880 tourist arrivals in August, down 3.3% from 602,026 a year earlier, according to the Statistical Service of Cyprus (Cystat). The decline narrowed as arrivals from Israel rose sharply, while traffic from several other major markets weakened.

August arrivals were still 4.9% above the 554,923 recorded in August 2024.

Year-To-Date Decline Narrows

Tourist arrivals reached 2.82 million in the first eight months of 2026, down 7% from 3.03 million a year earlier. The gap narrowed from 10.1% at the end of June and 8% at the end of July.

Britain remained Cyprus’ largest market, accounting for 30.5% of August arrivals, or 177,603 visitors. UK arrivals fell 8% year on year, while Israeli arrivals jumped 28.4% to 135,628, accounting for 23.3% of the monthly total.

Together, Britain and Israel supplied more than half of all tourist arrivals in August.

Most Major Markets Remain Under Pressure

Poland remained the third-largest market, although arrivals fell 12.5% to 36,622. Germany followed with 25,823 visitors, down 6.7%, while Sweden declined 6.4% to 17,441.

Norway was among the few major markets to grow, with arrivals up 1.4% to 8,006. Romania fell 16.3%, Greece 9.7% and Austria 13%.

France recorded the sharpest decline among the listed markets, with arrivals plunging 46% to 8,453. The Netherlands also fell sharply, down 17.5%.

Airports Record Strong Summer Traffic

Larnaca and Paphos airports handled 1.77 million passengers in August, the highest monthly total of 2026, although traffic was 1.5% below August 2025.

For January-August, the airports handled 8.82 million passengers, down 3.3% year on year but 7.9% above the same period in 2024. Tourism Deputy Minister Kostas Koumis has said full-year arrivals could be about 5% below 2025.

Holidays Dominate Travel

Holidays accounted for 84.5% of tourist arrivals in August, down from 86.5% a year earlier. Visits to friends and relatives rose to 13%, while business travel represented 2.4%.

Meanwhile, 239,337 Cyprus residents returned from overseas trips in August, up 0.3% year on year and about 24% above August 2024. Greece remained the leading destination, accounting for 36.6% of returning residents.

Holidays represented 93.1% of residents’ trips, compared with 91.6% a year earlier, while business travel accounted for 5.9%.

Cyprus Business Electricity Prices Rank Among The EU’s Highest

Electricity prices for a defined group of non-household consumers in Cyprus reached €0.23 per kilowatt-hour in the first half of 2026, placing the country among the most expensive in the EU, according to Eurostat.

The rate matched Italy and exceeded the EU average of €0.18. Ireland recorded the highest price at €0.27 per kilowatt-hour.

The figures cover non-household consumers with annual electricity consumption of between 500 and 2,000 megawatt-hours, rather than all businesses or households.

EU Electricity Prices Continued To Fall

Across the EU, average prices for this consumer group declined by 2% compared with the second half of 2025 and were 5.4% lower year on year.

The lowest rates were recorded in Finland (€0.09 per kWh) and Sweden (€0.12), followed by Denmark, Spain and Portugal, all at €0.13.

Prices Fell In Most Member States

Electricity prices declined year on year in 19 EU countries during the first half of 2026. Luxembourg recorded the largest fall, at 23.8%, followed by Czechia (11.9%) and Greece (11.8%).

Prices increased in eight member states, led by Sweden (18.8%), Finland (18.7%) and Bulgaria (14.2%). Despite the sharp increases, Finland and Sweden continued to have the lowest electricity prices in the bloc.

Uol
Aretilaw firm
The Future Forbes Realty Global Properties
eCredo

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter