Cyprus Mail
Cyprus

Record tourism revenue in July

July was a record month for tourism with revenues reaching €402.2 million compared to €342.1 million in the corresponding month of the previous year, an increase of 17.6 per cent.

For the first time this year, the increase in revenues exceeded the increase in the number of tourists which was 16.3 per cent up for the month of July, the statistical services announced on Friday.

“This is the trend that we need,” Tourism Minister Giorgos Lakkotrypis responded on twitter.

Estimated revenues from tourism from January to July are € 1.23bn, a 14.9 per cent hike over 2015, when the figure was €1.07bn for the same period.

The per capita expenditure per tourist in July 2016 was €834.25 compared with €825.37 in July 2015, while the average length of stay dropped to 9.7 days from 10.2 last year.

Most arrivals, 166,874, travelled from the UK this July, and each of them spent €922.67 on average. In second and third place were Russia and Israel.

The biggest spenders with €964.67 per person were the 4,423 visitors from the Netherlands.

“The impressive performance of arrivals and receipts confirm that 2016 will be recorded as a special year with extremely high performance,” a Cyprus Tourism Organisation (CTO) announcement stated, adding that the results will “anything but relax the efforts of the CTO and its partners in the vital tourism sector.”

The past four months (May to August) have been the most successful ever recorded, the CTO said.

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