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30.06.2026
ECONOMY
21:08

The "setbacks" to tourism caused by the war in the Middle East

Millions in losses in two months
ALPHANEWSLIVE


The tourism sector has suffered losses of many millions compared to last year for the months of March and April. Data from the statistical service show a decrease of €150.5 million.

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Specifically, in March, revenue totaled €85.6 million, compared to €129.4 million in March 2025, marking a 33.8% decline. In April, the decline stood at 35.1%, as revenue totaled €197.5 million, compared to €304.2 million last year.

The Deputy Minister of Tourism briefed the relevant parliamentary committee today on the impact of the war in the Middle East on the tourism industry.

“We suffered significant losses as a result of the attack on March 1 and the conflict in the Middle East during March and April. In March, the decline in visitor arrivals reached 30%; and in April, the decline in visitor arrivals reached 27.6%, compared to the previous year.” Kostas Koumis, Deputy Minister of Tourism

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The figures for May were more encouraging, showing a 4.9% decrease in arrivals compared to last year.

“My personal opinion and assessment is that most months—all months of 2026—at least through the end of November, will show a decline compared to 2025. At the same time, however, we must remember that 2025 was a year in which tourism in our country took off.” Kostas Koumis, Deputy Minister of Tourism

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From January through May, the decline in tourist arrivals stood at 13.3 percent compared to the same period last year.

“If it weren’t for that incident, based on the performance in January and February, we could be talking about a third consecutive record.” Kostas Koumis, Deputy Minister of Tourism

Based on data from the first two months of the year—that is, before the U.S. strike against Iran—tourism revenue had recorded a 7.4% increase. This year, they stood at €159.9 million, compared to €148.9 million during the same months last year.

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See the report by Nasia Ioannou

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