Cyprus Mail

Revenue from tourism rises 16% in June to €301m

Cyprus’s revenue from tourism rose 16 per cent year-on-year in June, to €301m, boosted by an almost 23 per cent annual increase in arrivals, the statistical service said.

In the first half of the year, overall revenue from tourism, which directly or indirectly accounts for roughly a quarter of Cyprus’s economy, rose almost 14 per cent, to €831.2m, Cystat said in a statement on its website on Wednesday.

Tourist arrivals in January to June rose by almost 20 per cent. compared to the respective period of 2015, according to a Cystat statement dated July 18.

The increase in revenue in June -at a rate below that of arrivals- resulted from a 5.9 per cent decrease of the the average length of stay to 9.3 days, compared to the respective months of 2015, Cystat said.

While tourist spending per person per day rose 0.7 per cent, to €78.34, in June this year, during their shorter stay tourists spent €728.53 per person during their entire stay, 5.2 per cent less compared to June 2015.

Total spending by tourists from the UK, Cyprus’s largest source of incoming tourism, rose in June, the month in which Britons decided to leave the European Union, an annual 13 per cent, to €119.3m, while tourists from Russia, Cyprus’s second largest tourist market, spent €88.1m, or 28 per cent more.

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