To comment that the world’s economy is struggling is a bit of an understatement. Consumers have been pinching pennies for years. The tourism industry is now beginning to feel the pinch.
Cyprus tourism is suffering a steady decline with a bleak outlook. January 2009 showed a 7.1 percent decrease in the number of tourists visiting Cyprus, compared to the same month in 2008. The number of visitors flying in from Britain dropped 8.5 percent. German visitors dropped by 5.6 percent. Visitors from Greece fell by 4.1 percent.
It is no secret that the world’s economy is continuing to fall by drastic amounts. The tourism industry is one of the strongest industries in the world. Like all other businesses, it is driven by consumers. Consumers are struggling financially, so consumer-driven industries that provide nonessentials are the first to feel the powerful punch of failing economic conditions. Consumers around the world are looking for the best deals on travel and accommodations. Only the strongest tourism-related companies will succeed.
Cyprus is located in the eastern part of the Mediterranean Sea, east of Greece. It is one of the most popular tourist destinations in the world at more than 2.5 million tourists per year. It is the third largest Mediterranean island. The year round mild climate makes Cyprus one of the best tourist destinations for a vacation, any time of year.
The primary spoken languages are Greek and Turkish. Because of the number of tourists who visit Cyprus each year, many people have made a point to learn other languages as well. English and Spanish are becoming more popular spoken languages. The beaches of Cyprus offer a great getaway from everyday life. The variety of resorts is sure to please even the pickiest tourist.
The rugged terrain of the Troodos Mountains stretches over much of the western half of the island. The Troodos Mountain range is made up of molten rock with many treacherous, jagged slopes. Cyprus is home to a wide variety of natural vegetation including conifers and broadleaved trees, such as cedar and oak.
Many of the streets and country roads alike are lined with native shrubbery or trees. The island itself is divided into four subdivisions. The largest part of the island is ruled by the Republic of Cyprus. The northern third of the island comes under the rule of the Turkish Republic of Northern Cyprus. The United Nations controls the zone between the two.
The Cyprus holidays industry has had a very positive effect on the economy. The Republic of Cyprus joined the European Union in 2004 and officially adopted the euro as its currency on January 1, 2008. Cyprus’ economy is one of the strongest in the region. The economy on Cyprus is operated on a free-market basis. Its highly developed infrastructure makes Cyprus a very inviting location for offshore business. The recent discovery of oil in the seabed between Cyprus and Egypt is expected to further increase the wealth of the region.
Economic forecasters expect the world’s economy to begin a slow, steady rise by the second quarter of 2010. The effects of economic upturns will have a more noticeable impact on the tourism industry as consumers resume their travels abroad. Only time will tell how long it takes to get the world’s economy back on track. Tourism is one of the most successful industries world-wide; it will withstand the struggling economic conditions and continue to thrive.