Favorite destination of Russians feeling the effects of sanctions
The tourism industry in Cyprus is taking a big hit from the shortage of Russian and Ukrainian tourists, with an estimated loss of 600m euros this year alone.
In 2019, Russian and Ukrainian tourists accounted for one-fifth of all tourists to the island country. In 2022, the number of arrivals is close to zero.
How is Cyprus compensating for lost tourists?
Despite the unrest, officials say they worked to find new markets, even before Russia invaded Ukraine.
While there were no direct flights from France to Cyprus two years ago, 20 flights will depart each week this year. Weekly flights from Germany and the Scandinavian countries have also increased to 50 and 30 respectively this year.