Cyprus Mail

Hospitality industry sees turnover rise 10% in Q2, Cystat says

Cyprus’s hospitality industry saw its turnover increase 10 per cent in April to June compared with the respective quarter last year as tourist arrivals hit a record this year, the statistical service said.

In the six months of the year, in which arrivals rose an annual 17 per cent to 1.3m, the turnover index of hotels and restaurants rose 8.1 per cent, Cystat said in a statement on its website on Thursday.

In the second quarter of the year and the first half, turnover in information and communication rose an annual 12 per cent and 25 per cent respectively, Cystat said.

Turnover in administrative and support service activities rose an annual 5.5 per cent in April to June and 1.9 per cent in January to June, while in the case of professional, scientific and technical activities, turnover dropped 2.5 per cent in the second quarter and 1.8 per cent in the first half of the year, Cystat said.

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