Significant increase in tourism revenue between January – October 2017

Revenue from tourism increased significantly by 11.9% in the first ten months of 2017, the Statistical Service of Cyprus reported on Friday.

According to Cystat, on the basis of the results of the Passenger Survey, revenue from tourism reached Euros 277,1 mn in October 2017 compared to Euros 266,0 mn in the corresponding month of the previous year, recording an increase of 4.2%.

For the period of January � October 2017 revenue from tourism is estimated at Euros 2.493,8 mn compared to Euros 2.228,7 mn in the corresponding period of 2016, recording an increase of 11.9% Cystat said.

The expenditure per person in October 2017 reached Euros 681,05 compared to Euros 744,73 in the corresponding month of the previous year, recording a decrease of 8.6%. The expenditure per person/per day for October 2017 compared to October 2016 also recorded a decrease of 9.5%.

A decrease of 10.7% was recorded in the expenditure of tourists from the United Kingdom, from Euros 825,59 per person in October 2016 to Euros 737,08 in October 2017. There was a decrease of 8.0% in the expenditure of Russian tourists, from Euros 731,99 to Euros 673,26 in October 2017 and a 21.7% decrease in the expenditure of tourists from Israel, from Euros 635,33 in October 2016 to Euros 497,38 in the tenth month of 2017.

The expenditure per person/per day for tourists from the United Kingdom recorded a decrease of 9.8% (from Euros 80,94 in October 2016 to Euros 72,98 in October 2017), the expenditure per person/per day for tourists from Russia decreased by 18.1% (from Euros 82,25 to Euros 67,33) and for tourists from Israel also decreased by 13.2% (from Euros 124,57 to Euros 108,13) Cystat said.

According to the same report, the expenditure per person in the period of January � October 2017 reached Euros 731,63 compared to Euros 749,30 in the corresponding period of the previous year, recording a decrease of 2.4%. The expenditure per person/per day in the period of January � October 2017 compared to the period of January � October 2016 also recorded a decrease of 2.4% (from Euros 78,87 to Euros 77,01).

Source: Cyprus News Agency