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Some good news at last for Lanzarote´s under pressure tourist industry as the low cost flight specialists Ryanair recently announced a major shift in the focus of their operations, unveiling a total of 39 new services to the Canary Islands, commencing from October as the company seeks to take advantage of the current suspension of taxes and charges at Spanish airports.
The number of tourists visiting Lanzarote has fallen back dramatically during the first half of this year, with total foreign arrivals dropping by 18% and British tourism down by over 20% thanks to the detrimental impact of the credit crunch and the current weakness of sterling against the euro.
So Ryanair´s announcement last week that they will now be opening new routes comes as welcome news for the many overseas owners of holiday accommodation in Lanzarote, who have watched bookings plummet in recent months.
The 15 new Ryanair flights to Lanzarote will operate from Bristol, Birmingham, Bournemouth, Luton. East Midlands, Liverpool and Prestwick airports, whilst a further 16 new flights are planned for Gran Canaria and 8 for Tenerife.
Ryanair had recently come under fire for cutting back on their operations at Stansted, blaming high airport taxes in the UK and Ireland, and their announcement of these new services to the Canary islands comes as a direct result of a decision by AENA, the Spanish airport operators, to waive all airline charges through until the end of March next year in a bid to stimulate tourism.
The airline has stated that they expect the new services to carry up to 2 million passengers to the Canary Islands during the winter, but have also indicated that any continuation of services beyond March 31st is dependent upon AENA maintaining their waiver on airport charges.
Other low cost airlines have also recently announced that they will also be beefing up their services to Lanzarote this winter, with Ryanair´s close rival Aer Lingus unveiling new services from Gatwick, commencing in October with headline one-way fares starting at £49.99, whilst in the north easyjet will be operating new flights from John Lennon International Airport commencing in November, with prices starting at just £29.99 one way.
Lanzarote´s economy is heavily dependent on tourism, which is estimated to account for around 85% of island GDP, and the Lanzarote property and travel markets are closely linked. as overseas investment in holiday rental property has traditionally been the engine room of growth.
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