articles | 05 February 2023

Cyprus tourism revenue nears pre-pandemic levels

Cyprus’ tourism revenues for the period between January and November 2022 are estimated to have amounted to €2.3 billion, coming close to pre-pandemic levels, according to a report released this week by the Cyprus Statistical Service (Cystat).

This reflects a significant improvement over the corresponding figure from 2021 when tourism revenues amounted to €1.45 billion, as well as the pandemic-plagued 2020, with severe travel restrictions resulting in a paltry figure of €382.9 million being generated from tourism. Meanwhile, for the same period in 2019, which is considered a record year for Cypriot tourism, revenues reached €2.62 billion.

In their statement, the Statistical Service reported that tourism receipts in November 2022 reached €96.4 million compared to €104.2 million recorded in November 2021, marking a decrease of 7.5 per cent.

In addition, November arrivals reached 149,857 visitors. The average length of stay of tourists in Cyprus was 9 days. Finally, the per capita expenditure for each tourist amounted to €643.38, while the daily expenditure amounted to €71.49.

Source: Cyprus Mail

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