Cyprus Mail
Cyprus

Revenue from tourism up 2.7% in 2018

Revenue from tourism rose to a new high in 2018 according to data released on Friday by the Statistical Service.

For January – December 2018 revenue from tourism is estimated at €2,710.6 million compared to €2,639.1 million in 2017, an increase of 2.7 per cent.

However, the expenditure per person reached €688.22 compared to €722.62 the previous year, a decrease of 4.8 per cent. The expenditure per person/per day for 2018 compared to 2017 also recorded a decrease of 1.7 per cent (from €76.07 to €74.81).

On the basis of the results of the Passenger Survey, revenue from tourism in November 2018 reached €91.9 million, an increase of 2.7 per cent compared to the corresponding month of the previous year, while in December 2018 revenue from tourism reached €56.4 million, an increase of 1.1 per cent on December 2017.

The expenditure per person for November 2018 reached €579.35, representing a decrease of 6.4 per cent compared to November 2017, and for December 2018 to €528.95, also representing a decrease of 6.2 per cent compared to December 2017.

A decrease was also recorded in the average length of stay of 11.3 per cent and 8.8 per cent for November and for December 2018 compared to November and December 2017. The expenditure per person/per day increased by 5.6 per cent for November 2018 and by 2.8 per cent for December 2018.

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