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Revenue from tourism up by 5.9% in August on annual basis

07:54 - 31 October 2024

Economy Reporter

Revenue from tourism saw an annual increase in August by 5.9%.

Based on the results of the Passengers Survey carried out by CySTAT, revenue from tourism reached €511.4 m in August 2024, recording an increase of 5.9% as compared to the corresponding month of the previous year (€483,0 mn).

For the period of January – August 2024, revenue from tourism is estimated at €2,121.8 mn compared to €2,027.7 m in the corresponding period of 2023, recording an increase of 4.6%.

The average expenditure per person was €921,59 in August 2024 compared to €944.51 in August 2023, recording a decrease of 2.4%.

Tourists from the United Kingdom (the largest tourist market with 34.7% of the total tourists in August 2024) spent on average €100,58 per day, while tourists from Israel (the second largest market during the specific month with 13.3% of the total tourists) spent on average €112.87. Tourists from Poland (the third largest market with 7.7%), spent on average €90.54 per day.

(Source: CNA)

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