Revenue from tourism reach €834 million in the first half of 2022

Revenue from tourism amounted to €835.7 million in the first half of 2022, more than double from the respective period of last year, while tourist income was down by 16.7% compared with the first six months of 2019, a record year for the Cypriot tourism.

Based on the results of the Passenger Survey, released by the Statistical Service (Cystat), revenue from tourism reached €292.7 million in June 2022 compared to €135.88 milion in June 2021, recording an increase of 115.5%.

For the period of January – June 2022, revenue from tourism is estimated at €835,7 million compared to €258,8 million in the corresponding period of 2021, and to €122,0 million during the period of January – June 2020, a year marked by the disruption to international travelling due to the Covid-19 pandemic.

In June 2022 tourist arrivals amounted to 372.324 marking an increase of 102% year on year.

The Deputy Ministry for Tourism estimates that despite the loss from the Russian market, Cyprus’ second largest market following the UK, due to the Ukrainian crisis and the sanctions imposed by the West on Moscow, tourist arrivals will equal or exceed the tourist inflows of last year.

Source: Cyprus News Agency