articles | 31 August 2016

Cyprus' tourism revenue up 16% in June 2016

Cyprus’ revenue from tourism rose 16% year-on-year in June, to €301m, boosted by an almost 23% annual increase in arrivals, the statistical service said recently.

In the first half of the year, overall revenue from tourism, which directly or indirectly accounts for roughly a quarter of Cyprus’ economy, rose almost 14%, to €831.2m, Cystat said in a statement on its website.

Tourist arrivals in January to June rose by almost 20%, compared to the respective period of 2015, according to a Cystat statement dated July 18.

The increase in revenue in June - at a rate below that of arrivals - resulted from a 5.9% decrease of the the average length of stay to 9.3 days, compared to the respective months of 2015, Cystat said.

While tourist spending per person per day rose 0.7%, to €78.34, in June this year, during their shorter stay tourists spent €728.53 per person during their entire stay, 5.2% less compared to June 2015.

Total spending by tourists from the UK, Cyprus’ largest source of incoming tourism, rose in June, the month in which Britons decided to leave the European Union, an annual 13%, to €119.3m, while tourists from Russia, Cyprus’ second largest tourist market, spent €88.1m, or 28% more.

Source: Cyprus Mail

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