Cyprus Tourism feels the recession

Cyprus tourist arrivals plunged 10.9 percent during the first eight months of 2009, official figures showed on Thursday, signalling little respite for the recession-hit economy. The recession in Europe is now being felt in the Mediterranean holiday island’s tourism market with the rate of decline in arrivals accelerating in August — the peak month for …

Cyprus Tourist arrivals down for January – April 2009

NICOSIA, May 12 (Reuters) – The number of tourists visiting Cyprus — a major source of income for the island — was down 8.6 percent on the year until April, the statistics department said on Tuesday. Tourism, which accounts for about 10.9 percent of Cypriot gross domestic product, has suffered this year from the global …