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Tourism revenue up in Cyprus by 11.7% in 2017, official data show

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Tourism revenue up in Cyprus by 11.7% in 2017, official data show

Tourism revenue in Cyprus was up by 11.7% in 2017 and 9.6% in December, data released by the Cyprus Statistical Service, on Monday, show.

On the basis of the results of the Passenger Survey, revenue from tourism reached €55.8 mn in December 2017 compared to €50.9 mn in December 2016, recording an increase of 9.6%.

According to the Statistical Service’s data for the period of January – December 2017 revenue from tourism is estimated to be €2,639.1 mn compared to €2,363.4 mn in the same period of the previous year, recording an increase of 11,7%.

Expenditure per person in December 2017 reached €564.21 compared to €578.91 in the December 2016, recording a drop of 2.5%.

Expenditure per person/per day for December 2017 compared to December 2016 also recorded a drop of 6.4%.

In December 2017 a decrease of 21.5% was recorded in expenditure per person concerning tourists from the United Kingdom (down from €784.83 in December 2016 to €616.29 in December 2017), 9.7% increase from Greece (up from €332.99 to €365.17 this year) and a 5.3% increase from Russia (up from €631.88 to €665.15 this year).

The expenditure per person/per day for tourists from the United Kingdom recorded a drop of 18.0% (down from €66.51 in December 2016 to €54.54 in December 2017). The expenditure per person/per day for tourists from Greece also fell by 5.3% (from €40.61 to €38.44) and for tourists from Russia decreased by 23.6% (from €77.06 to €58.86).

The expenditure per person for the period of January – December 2017 was recorded at €722.62 compared to €741.68 in the same period of the previous year, recording a drop of 2.6%.

The expenditure per person/per day for the period of January – December 2017 compared to the period of January – December 2016 also recorded a decrease of 2.6% (from €78.07 to €76.07).