Revenue from tourism rose a mere 3%, to over €357.7m year-on-year in July 2018 against an 8.2% increase in visitors who continue to cut back their spending, the statistical service said recently.
In January to July, total revenue from tourism rose 3.9%, to over €1bn, against a 12% increase in arrivals, Cystat said in a statement.
Last month, tourists cut their average spending 4.8%, to €699.88, compared with July 2017, Cystat said. The drop was mainly on a 9.2% reduction in money spent by visitors from Russia, to €696.04, Cyprus’s second largest source of incoming tourism.
Visitors from the UK, the largest tourist market for Cyprus, increased their spending by 3.2% to, €781.94, even as the British economy remains in uncertainty over the outcome of divorce negotiations with the EU.
Source: Cyprus Mail
