Revenue from tourism exceeds €1 billion in first half of 2024, up by 4.2% year on year

07:34 - 30 August 2024

Economy Reporter

Revenue from tourism amounted to €1.13 billion in the first half of 2024 marking an increase of 4.2% year on year, data released by CySTAT show.

Based on the results of the Passengers Survey carried out by CySTAT, revenue from tourism in June 2024 reached €385.2 million compared to €361.5 mn in the corresponding month of the previous year, recording an annual increase of 6.6%.

The average expenditure per person stood at €798.77 in June 2024 compared to €791.03 in June 2023, recording an increase of 1%.

Tourists from the United Kingdom, which comprise Cyprus’ largest tourist market with 35.6% of the total tourists in June 2024, spent on average €94.66 per day, while tourists from Israel (the second largest market during the specific month with 10.7% of the total tourists) spent on average €146.16.

Tourists from Poland (the third largest market with 7.5%), spent on average €78.00 per day.

According to CySTAT, the average stay in June remained unchanged to 8.5 days.

(Source: CNA)

Revenue from tourism exceeds €1 billion in first half of 2024, up by 4.2% year on year

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