Revenue from tourism up 2.7% in 2018

Revenue from tourism in Cyprus rose to a new high in 2018 according to data released Friday by the Statistical Service of Cyprus.

For the period of January � December 2018 revenue from tourism is estimated at Euros 2,710.6 mn compared to Euros 2,639.1 mn in the corresponding period of 2017, recording an increase of 2.7%.

However, the expenditure per person for the period of January � December 2018 reached Euros 688.22 compared to Euros 722.62 in the corresponding period of the previous year, recording a decrease of 4.8%. The expenditure per person/per day for the period of January � December 2018 compared to the period of January � December 2017 also recorded a decrease of 1.7% (from Euros 76.07 to Euros 74.81).

On the basis of the results of the Passenger Survey, revenue from tourism in November 2018 reached Euros 91.9 mn, recording an increase of 2.7% compared to the corresponding month of the previous year, while in December 2018 revenue from tourism reached Euros 56.4 mn recording an increase of 1.1% as compared to December 2017.

The expenditure per person for November 2018 reached Euros 579.35, presenting a decrease of 6.4% compared to November 2017, and for December 2018 to Euros 528.95, also presenting a decrease of 6.2% as compared to December 2017.

A decrease was also recorded in the average length of stay with corresponding rates of 11.3% and 8.8% for November and for December 2018 in relation to November and December 2017. The expenditure per person/per day increased by 5,6% for November 2018 and by 2,8% for December 2018.

Source: Cyprus News Agency