Industry Alarm Over Plummeting Turnover
Tourism revenue in parts of Cyprus fell by more than 50% in areas heavily dependent on visitors, according to industry groups, amid rising tensions in the Middle East. The small shopkeepers’ association Povek requested a meeting with Deputy Tourism Minister Kostas Koumis to discuss support measures and current market conditions.
Critical Stakeholder Responses
Industry representatives met in Ayia Napa to assess the impact on local businesses. Participants included the Famagusta Leisure Centres Association, the Ayia Napa Shopkeepers Association and groups representing water sports and vehicle rentals. Attendees reported a sharp decline in tourist activity, affecting both revenue and seasonal employment expectations.
Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram
Government Support and Broader Economic Concerns
Industry groups called for targeted support across tourism-related sectors. Recent data from Hermes Airports shows passenger traffic fell by 16% in April, equivalent to 95,000 fewer travellers. Hotel bookings declined by 25%, while occupancy rates dropped from around 75% to between 40% and 50%. Christos Angelides said higher fuel costs have led airlines to focus on shorter routes, reducing demand for Cyprus as a destination. He called for extending government subsidy programmes into May and June to support businesses and employment.
The Road Ahead
Industry groups are seeking coordinated action between government bodies and tourism stakeholders to address the decline in demand. Upcoming data will indicate whether current trends continue into the summer season.
