Revenue from tourism at 90% of 2019 levels in first ten months of 2022

Revenue from tourism has reached 90% of the one recorded in 2019 for the period January-October 2022, with the arrivals reaching just above 80%.

For the period of January – October 2022, revenue from tourism is estimated at €2,285.2 mn compared to €2,533 mn in 2019, €1,355.4 mn in the corresponding period of 2021 and to €376,3 mn during the period of January – October 2020.

At the same time, arrivals for the ten months of 2022 are at 2,941 million, compared to 3,697 million in the same period of 2019.

On the basis of the results of the Passenger Survey carried out by the Statistical Service, revenue from tourism reached €319.8 mn in October 2022, compared to €310.2 mn in October 2021, recording an increase of 3.1%.

Compared to October 2019, when the revenue was €299.4, October 2022 was up 6.8%, although arrivals were reduced by 8.2%.

Source: Cyprus News Agency