articles | 29 November 2017

Tourist revenue up 10% in September 2017

Revenue from tourism rose 10% in September compared to the respective month of 2016 to €483.7m against a 15% increase in arrivals, as British tourists cut back on spending, the statistical service said.

In January to September, total revenue rose 13% to €2.2bn against a 15% increase in arrivals, Cystat said in a statement on its website on Wednesday.

In September, tourists reduced their holiday budget 4.2% to €766.89 on average and stayed on the island 9.7 days also on average compared to September last year, Cystat said. Average spending per day fell as a result also 4.2% to €79.06.

The decrease in the holiday budget was particularly strong in the case of visitors from the UK, traditionally Cyprus’ largest source of incoming tourism whose economy plunged into uncertainty last year after voters decided to leave the EU, Cystat said. British tourists reduced their holiday budgets 8.9% to €831.36 in September compared to a year before while vacationing in Cyprus. Also, tourists from Russia, the second largest source of arrivals, cut their spending 1% to €786.78.

Source: Cyprus Mail

Cooperation Partners
  • Logo for Association of Cyprus Banks
  • Logo for Cyprus Investment Funds Association
  • Logo for Ministry of Energy, Commerce, Industry and Tourism
  • Logo for CYFA Cyprus
  • Logo for Invest Cyprus
  • Logo for Love Cyprus Deputy Ministry of Tourism
  • Logo for Cyprus Chamber of Commerce and Industry
  • Logo for Cyprus Shipping Chamber
  • Logo for Cyprus International Businesses Association