Revenue from tourism increases 2.1% in September, while expenditure per tourist drops 5%

Revenue from tourism reached Euros 378.8 million in September 2018 compared to Euros 371 mn in the corresponding month of the previous year, recording an increase of 2.1%, on the basis of the results of the Passenger Survey released by the Statistical Service of Cyprus.

For the period of January � September 2018 revenue from tourism is estimated at Euros 2,268.5 mn compared to Euros 2,216.7 mn in the corresponding period of 2017, recording an increase of 2.3%.

The expenditure per person for September 2018 reached Euros 728.23 compared to Euros 766.89 in the corresponding month of the previous year, recording a decrease of 5%. The expenditure per person/per day for September 2018 compared to September 2017 also recorded a decrease of 3% (from Euros 79.06 to Euros 76.66). A decrease of 2.1% was also recorded in the average length of stay, from 9.7 days in September 2017 to 9.5 days in September 2018.

The expenditure per person for the period of January � September 2018 reached Euros 700.21 compared to Euros 738.49 in the corresponding period of the previous year, recording a decrease of 5.2%. The expenditure per person/per day for the period of January � September 2018 compared to the period of January � September 2017 also recorded a decrease of 3.2% (from Euros 77,74 to Euros 75,29).

The largest spending per person in September was made by tourists from Switzerland with Euros 913, followed by tourists from Germany with Euros 892 and tourists from the UK with Euros 884.

In a press release, the Cyprus Tourism Organization (CTO) notes that the increased tourist revenues, that are expected to reach record levels at the end of the year, lead to multiple beneficial effects on the economy of the country.

Source: Cyprus News Agency