Greek Cypriots appear happy to spend money in the north of Cyprus according to their credit card spending figures this summer.
According to figures released by card-processing company JCC, Greek Cypriots used their credit cards to pay for €1million worth of hotel stays in the north of Cyprus over the summer. This brought the total spent – via Greek Cypriot credit card – on hotel stays there since the start of the year up to €3.5m.
The €1m was spent through some 1,500 transactions between June and August and specifically saw €392,000 spent in June, €361,000 in July, and €317,636 in August, JCC said.
- Retailers lose out if crossing points close
- Greek Cypriot holidaymakers spent €3.1m in north
- Greek Cypriots spent €1.5m on hotels in the north
Another half a million euro was spent at casinos in the north over the same three months while Greek Cypriot card holders also forked out €200,000 for flights out of Tymbou (Ercan) airport over the same period.
This summertime spending brought Greek Cypriot credit card spending on hotels, casinos and flights to €1.7m during June, July and August and €4.5 million between January and August.
Also, Greek Cypriots spent €600,000 while using their credit cards to book flights when already in Turkey and €487,000 on staying at hotels there. August, meanwhile, also saw a rise in Greek Cypriot credit card spending on petrol and supermarket goods in the north.
JCC’s figures also revealed that Greek Cypriots use their credit cards to spend between €55,000 and €60,000 per month on purchasing clothing and shoes in the north.