Cyprus Mail
Business Cyprus

August revenue from tourism down 7.2 per cent y-o-y

Revenue from tourism fell 7.2 per cent in August compared with 2013 to €324.3 million even as arrivals rose 5.9 per cent in the same month, the statistical service said.

Between January and August, revenue from tourism rose 2.8 per cent to €1.4 billion compared with the respective period last year, Cystat said in a statement on Friday.

The London-based World Travel and Tourism Council estimates the contribution of tourism to Cyprus’ economy at 25 per cent this year.

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