Tourism revenue increases 46.7% in August 2022

Revenue from tourism reached €399.7 mn in August 2022 compared to €272.5 mn in August 2021, recording an increase of 46.7%.


On the basis of the results of the Passenger Survey carried out by the Statistical Service of Cyprus, for the period of January – August 2022, revenue from tourism is estimated at €1,617.1 mn compared to €777.0 mn in the corresponding period of 2021 and to €235.6 mn during the period of January – August 2020.


Despite the significant increase, tourism revenues are still down compared to the pre-pandemic period and 2019, which was a record year for Cypriot tourism. Revenues of €431.1 million were recorded in August 2019, while revenues for the eight months of 2022 are reduced by 7.4%, compared to 2019.


Source: Cyprus News Agency