Cyprus Mail
Business

Tourism revenue drops

Revenue from tourism dropped 1.1 per cent year-on-year between January and October 2019, reaching €2.53 billion, the statistical service said on Friday.

It was the first drop in 10-month revenues since 2014.

According to the service, per capita spending during the period fell by 1.8 per cent, to around €685, compared with €697 in 2018.

Per capita spending per day rose 0.4 per cent to €76.

October saw an annual rise in revenues of 1.9 per cent, to €299.4m, from €293.8m in October last year.

Per capita spending in October 2019 rose 1.2 per cent on October last year, €677 to 685. Per capita spending per day also rose in October this year, from €76 to €77, or 1.2 per cent.

The average stay remained stable at 8.9 days.

 

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