Economy category powered by

Revenue from tourism drops 0.9% y-o-y in January

08:00 - 05 April 2024

Economy

Revenue from Tourism in January amounted to €45.2 million, marking an annual drop of 0.9% year on year, Cystat said.

Revenue from Tourism in January last year amounted to €45.6 million. Tourist arrivals in January 2024 declined by 2.9% compared with January last year.

However, the average expenditure per person was €513.52 in January 2024 compared to €503.8 in January 2023, recording an increase of 1.9%, Cystat added.

Tourists from the United Kingdom (the largest tourist market with 18.6% of the total tourists in January 2024) spent on average €52.73 per day, while tourists from Poland (the second largest market during the specific month with 18.2% of the total tourists) spent on average €67.90.

Tourists from Greece (the third largest market with 11,8%), spent on average €40.85 per day.

News Feed

Read More

Egg prices up annually in EU and Cyprus to a lesser extent, according to Eurostat
US stocks and dollar plunge as Trump attacks Fed chair Powell
Retailers - supermarkets satisfied with Easter essentials demand
The essential ingredients for Cyprus’ future as an international business and financial hub
Tourist arrivals up 7.5% in Q1, down 0.8% in March
Cyprus-Germany Business Association holds networking event in Nicosia
Makis Keravnos urges structured dialogue between EU-USA on tariffs
New era at CIBA with Vassilios Demetriades at the helm
Cabinet approves bills for national unit to implement economic sanctions
Second-placed Cyprus among the EU members transporting most freight by sea in 2023