CYPRUS PASSENGER TRAFFIC GOING IN THE RIGHT DIRECTION
Cyprus has seen a notable increase in incoming passenger traffic through the country’s two international airports.
There has been a 5.5 percent rise compared to the same period in 2011, according to an official statement from Hermes Airports. A recent press release stated “This improvement in traffic is due mainly to the Easter holidays, the increase in flight capacity to and from the United Kingdom, as well as a certain low cost airline resuming its summer routes to and from Paphos.”
The latest figures have been deemed encouraging and Cyprus looks set to return to strong tourism rates. Chief Executive Officer of Hermes Airports, Craig Richmond, commented: “We believe that with everyone’s collaboration we could even turn things around completely.”
The announcement follows new incentive schemes by Hermes Airports aimed at increasing tourist flow into Cyprus. The incentives include offering discounts on landing fees for companies choosing additional flights into their international airports as well as support on new routes.
The steady increase in tourist figures looks good for popular Cyprus destinations such as Paphos and Limassol. With solid investment from its two international airports, Cyprus’ property market will be more accessible to global investors and offer a wider target market for re-sales and rentals. The new measures taken by Hermes Airports ought to be reflected in the overall value of property in popular areas like Paphos.
Sources: Famagusta Gazette