Sterling works on behalf of Cyprus

Article Abstract:

The Cyprus tourist industry is enjoying a good year in 1998, due mainly to the strength of sterling. Arrivals in the first eight months of 1998 were 8-10% higher than in the whole of 1997. Analysts forecast that the the total number of UK visitors during 1998 will exceed 900,000, which will be about 20% higher than in 1997. This will be around 40% of all tourists in Cyprus, and around four times more than the number of visitors from Germany, which is the industry's second biggest market. Factors which will affect the 1999 market include currency movements and the Russian economic crisis.

Cyprus

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Hungary hopes to shrug off fall

Article Abstract:

The Hungarian National Tourist Board has a positive outlook about future prospects for the industry despite the impact Russia's collapsing economy has had on the tourist destination. Some 37.3 million fewer tourists visited Hungary during 1997, 2.5 million less than the previous year. An increasing number of British travellers are visiting Hungary. The market was worth 2.6 billion US dollars in 1997.

Economic aspects, Hungary

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