Revenue from tourism up 2.7% in 2018 - Cyprus Profile

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Articles | 01 March 2019

Revenue from tourism up 2.7% in 2018

Revenue from tourism rose to a new high in 2018 according to data released recently by the Statistical Service.

For January – December 2018 revenue from tourism is estimated at €2,710.6 million compared to €2,639.1 million in 2017, an increase of 2.7%.

However, the expenditure per person reached €688.22 compared to €722.62 the previous year, a decrease of 4.8%. The expenditure per person/per day for 2018 compared to 2017 also recorded a decrease of 1.7% (from €76.07 to €74.81).

On the basis of the results of the Passenger Survey, revenue from tourism in November 2018 reached €91.9 million, an increase of 2.7% compared to the corresponding month of the previous year, while in December 2018 revenue from tourism reached €56.4 million, an increase of 1.1% on December 2017.

The expenditure per person for November 2018 reached €579.35, representing a decrease of 6.4% compared to November 2017, and for December 2018 to €528.95, also representing a decrease of 6.2% compared to December 2017.

A decrease was also recorded in the average length of stay of 11.3% and 8.8% for November and for December 2018 compared to November and December 2017. The expenditure per person/per day increased by 5.6% for November 2018 and by 2.8% for December 2018.

Source: Cyprus Mail

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