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 Air Fares Fall As EU Prices Continue To Rise

by THEFUTURE.TEAM

July 27, 2026

Air transport prices in Cyprus fell in June, even as average air fares across the European Union continued to rise, according to new figures from Eurostat.

Since January 2025, air transport prices have fluctuated across the bloc, reflecting seasonal travel demand and differences between domestic and international markets.

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Cyprus Returns To Negative Territory

In Cyprus, air transport prices were 1.8% lower in June 2026 than in the same month a year earlier, reversing the 7.8% annual increase recorded in May. The increase had followed modest year-on-year declines of 0.7% in April and 0.4% in March, meaning air fares returned to negative territory in June.

While prices eased in Cyprus, the latest figures show the country diverging from the broader EU trend.

The EU Trend Remains Upward

Across the EU, air transport prices were 3.1% higher in June 2026 than a year earlier. Eurostat said the strongest annual increase during the January 2025 to June 2026 period came in April 2025, when prices were 13.7% above the previous year’s level.

Price growth moderated later in 2025 before turning negative during the opening months of 2026. Air fares then rebounded by 8.1% in May and continued to rise in June, although at a slower pace.

International Flights Drive The Volatility

Eurostat said international flights accounted for most of the volatility in air transport prices, as they tend to respond more quickly to changes in travel demand than domestic services.

International air transport prices across the EU were 4.5% higher in June than a year earlier, compared with a 2.0% increase in domestic air fares. International ticket prices recorded annual increases of 14.1% in April 2025 and 8.7% in May 2026.

Wide Gaps Remain Between Member States

Airfare trends varied significantly across the bloc between April and June 2026. Belgium recorded some of the strongest annual increases, with prices rising 41.5% in April, 33.8% in May and 28.7% in June compared with the same months of 2025.

Slovakia recorded the steepest declines over the same period, with prices falling 53.0% in April, 48.2% in May and 45.1% in June. Eurostat also noted that most EU countries saw air fares fall in April before increasing again in May.

In June, Austria and Greece posted annual increases of 22.3% and 15.1%, respectively. The largest declines were recorded in Hungary, where prices fell 13.6%, and Poland, where they dropped 13.1%.

What The Data Means For Travelers

Cyprus was among the EU countries to record a year-on-year decline in air transport prices in June, contrasting with the overall increase across the bloc. The latest figures highlight the uneven nature of Europe’s air travel market, where fare movements continue to vary considerably between countries and over time.

The figures are based on Eurostat’s Harmonised Index of Consumer Prices for passenger air transport, which measures changes in the prices consumers pay for air travel services across EU member states.

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