Economy category powered by

Revenue from tourism records annual increase of 4.3% in July

14:38 - 30 September 2024

Economy Reporter

Revenue from tourism recorded an annual increase of 4.3% in July.

Based on the results of the Passengers Survey carried out by the Statistical Service, revenue from tourism reached €474.0 mn in July 2024, recording an increase of 4.3% compared to the corresponding month of the previous year (€454.6 mn).

For the period of January – July 2024, revenue from tourism is estimated at €1,610.4 mn compared to €1,544.7 mn in the corresponding period of 2023, recording an increase of 4.3%.

The average expenditure per person was €859.95 in July 2024 compared to €867.96 in July 2023, recording a decrease of 0.9%.

Tourists from the United Kingdom (the largest tourist market with 33.9% of the total tourists in July 2024) spent on average €95.02 per day, while tourists from Israel (the second largest market during the specific month with 12.9% of the total tourists) spent on average €140.24. Tourists from Poland (the third largest market with 6.4%), spent on average €86.02 per day.

(Source: CNA)

News Feed

Read More

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
US Ambassador meets with the President of the Cyprus Olympic Committee at the Olympic House
Second-placed Cyprus among the EU members transporting most freight by sea in 2023
The profiles, HQs, assets under management and more of Plug and Play Tech Center and Tenstorrent
Punin Group launches delicious new venture: The Croissant by Punin