Cyprus tourism revenue soars — British and Israeli tourists lead the way

Cyprus’ tourism revenue experienced a remarkable increase of 41.5 per cent in March 2023, according to a report released on Friday by the state’s statistical service.

According to the report, Cyprus’ total tourism revenue amounted to €97.8 million during this time, compared to €69.1 million in the same month of the previous year.

More importantly, this surpassed even the pre-pandemic earnings of March 2019, which stood at €96.6 million.

During the first quarter of 2023, overall revenue increased by 46.1 per cent, compared to the same period in 2022.

The total revenue for the quarter reached €200 million, compared to €136.9 million previously.

However, things were not all rosy as the per capita spending by tourists in March 2023 amounted to €530.72, compared to €536.39 in March 2022, indicating a slight decrease of 1.1 per cent.

British tourists, constituting the largest market segment with 33.8 per cent of total tourists in March 2023, spent an average of €69.58 per day.

Israeli tourists, the second-largest market segment during that month with 12.4 per cent of the total, spent an average of €140.89 per day.

Greek tourists, representing the third-largest market segment with 8.2 per cent, spent €57.32 per day.

The highest per capita spending per day was recorded by tourists from Israel, followed by Lebanon with €126.64, and Austria with €97.15.

The average duration of stay in March 2023 was 7.2 days, with the longest stays recorded by tourists from the United States (11.7 days), Sweden (10.7 days), and France (9.9 days).

The surge in tourism revenue for March 2023 reflects a significant recovery for the tourism sector in Cyprus.

These promising figures indicate the successful efforts made to attract tourists to the country, even surpassing pre-pandemic levels.

With ongoing vaccination campaigns and the gradual easing of travel restrictions, Cyprus is well-positioned to continue its tourism recovery and provide a boost to the economy.