articles | 04 August 2016

Cyprus' tourism revenue up 12.7% in May 2016

Tourism revenue reached €244.7m in May 2016 compared to €217.1m in the corresponding month of the previous year, an increase of 12.7%, Cystat said recently.

For the period January to May this year, revenue from tourism was estimated at €530.2m compared to €471.9m in the corresponding period of 2015, an increase of 12.4%.

The average length of stay in May 2016 remained unchanged compared the same month last year at nine days, but average per capita expenditure decreased to €670 compared with to €706 in the corresponding month of 2015.

The increase in revenue in May 2016 was mainly due to the significant increase in arrivals of 18.7%, but an increase was recorded in per capita expenditure by tourists from the UK to €815 from €755 in May last year.

Per capita spending by Russian tourists dropped to €577 from €752 in May 2015.

Source: Cyprus Mail

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