Cyprus Mail
Cyprus

Tourism revenues up but spending per person down

Tourism brought in a revenue of €428.2m in August this year, recording an increase of 1.1 per cent compared to August 2017, which generated €423.6m, the statistical service said on Friday.

A larger increase of 2.4 per cent in tourism revenue was recorded in the first eight months of 2018 compared to the corresponding months of the previous year.

Specifically, for the period of January-August 2018 tourism revenue was an estimated €1,889.7m, while the corresponding period of last year raised a revenue of €1,845.7m.

The expenditure per person for August 2018 recorded a decrease of 1 per cent, as it reached €800.65 compared to €809.01 in the corresponding month of the previous year.

The expenditure per person/per day for August 2018 compared to August 2017 also recorded a decrease of 1 per cent, as it fell from €78.54 to €77.73.

The average length of stay remained the same as last year, at 10.3 days.

Declining expenditures per person were also recorded for the period January-August 2018, which fell by 5.2 per cent compared to the same months last year. In the first eight months of 2018, each person spent €694.85 compared to the €733.03 spent in the corresponding period of the previous year.

Similarly, during the same period, expenditure per person/per day fell by 3.1 per cent, from €77.98 in 2017 to €75.53 in 2018.

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