Published on : Wednesday, April 11, 2018
Cyprus sees the rise of tourists’ influx along with the increase of revenue from travel and tourism industry. But there is 10.4 per cent decrease in tourism expenditure. The tourism in Cyprus occupies a leading position in the island’s overall economy.
The Cyprus revenue from travel and tourism industry rose by 8.5 per cent year-on-year in January 2018 despite a close drop in tourism expenditure per person and per day.
According to the official data, the revenue from tourism industry has reached €38.4 million in January 2018, compared with €35.4m in the same month the previous year.
The tourism expenditure per person in January 2018 reached around €506.49, compared with €565.48 in January 2017, which is a decrease of 10.4 per cent. The daily expenditure per person also fell by 6.4 per cent on an annual basis.
The year 2018 saw a 20.1 per cent drop in expenditure per person by tourists from the United Kingdom, from €727.29 in January 2017 to €581.29.
A 7.3 per cent drop was also recorded in expenditure per person by tourists from Greece, from €343.56 to €318.36, and 3.9 per cent by tourists from Russia, from €606.82 to €583.37 this year.
The daily expenditure per person by the visitors of United Kingdom fell 16.6 per cent, from €60.11 in January 2017 to €50.11 in January 2018. While the daily spending by Greek tourists also fell 0.9 per cent, from €37.34 to €37.02, tourists from Russia by 17.1 per cent, from €80.91 to €67.05.
Tags: cyprus, Cyprus tourism revenue reaches €38.4 million, Tourism, Tourism revenue