Revenue from tourism increase 37.5% year-on-year in April

Revenue from tourism recorded and increase of 37.5% in April 2017 compared to the corresponding month of 2016, according to data announced Friday by the Statistical Service of Cyprus.

On the basis of the results of the Passenger Survey, revenue from tourism reached Euros 189.6 mn in April 2017 compared to Euros 137.9 mn in the corresponding month of the previous year.

For the period of January � April 2017 revenue from tourism is estimated at Euros 357.7 mn compared to Euros 285.5 mn in the corresponding period of 2016, recording an increase of 25.3%.

The expenditure per person for April 2017 reached Euros 662.06 compared to Euros 611.37 in the corresponding month of the previous year, recording an increase of 8.3%. The expenditure per person/per day for April 2017 compared to April 2016 recorded an increase of 4.6%.

In April 2017 an increase of 3.3% was recorded for the expenditure per person for tourists from the United Kingdom (from Euros 702.59 in April 2016 to Euros 725.67 in April 2017), 19.6% increase from Russia (from Euros 653.62 to Euros 782.05 this year) and 26.5% increase from Germany (from Euros 586.57 to Euros 742.17 this year).

The expenditure per person/per day for tourists from the United Kingdom recorded an increase of 5.4% (from Euros 70.97 in April 2016 to Euros 74.81 in April 2017), the expenditure per person/per day for tourists from Russia increased by 6.5% (from Euros 80.69 to Euros 85.94) and for tourists from Germany it increased by 9.0% (from Euros 72.42 to Euros 78.95).

The Cyprus Tourism Organization (CTO) in an announcement says that the impressive jump in revenue from tourism is a result of both the increase in tourists arrivals and the increase in the expenditure per tourist. CTO also points out that based on the available data so far, it is estimated that the performance of the tourist industry during 2017 will remain in very satisfactory levels, according to the Organization’s strategic goal.

Source: Cyprus News Agency