Annual tourism revenue up this April by 3%

Revenue from tourism in April 2019 presented an increase of 3% on an annual basis, after having recorded a drop in the two previous months.

According to the Passengers Service, published by the Statistical Service, revenue from tourism in April 2019 reached Euros 186.6 million compared to Euros 181.4 million in April 2018.

This is the first annual increase recorded after the two previous months recorded a drop.

However, for the period of January – April 2019 revenue from tourism are estimated to be Euros 375.2 million compared to Euros 382.5 million at the same period of 2018, recording a drop of 1.9%. It should be noted that last year was a record high in both tourist arrivals and revenue from tourism.

According to the official data per capita expenditure of tourist in April 2019 reached Euros 566.60 compared to Euros 577.39 in the corresponding month of the previous year, recording a drop of 1.9%.

Per capita daily expenditure in April 2019 also recorded a decrease of 0.6% compared to April 2018, down from Euros 71.28 to Euros 70.83. The average duration of stay also fell by 1.2% from 8.1 days in April 2018 to 8.0 days in April this year.

Per capita expenditure of tourists for the period January – April 2019 reached Euros 546.32 compared to Euros 559.54 at the same period of the previous year, recording a drop of 2.4%.

Per capita daily expenditure for the period of January – April 2019 ( Euros 66.62) remained at similar levels when compared to the same four months of 2018 (Euros 66.61).

Source: Cyprus News Agency