Tourism revenue reaches €3.12 billion in first 11 months of 2024, far exceeds 2023 revenue

07:49 - 30 January 2025

Economy Reporter

Tourism revenue showed a large increase of over €206 million or 7.1% for the period January - November 2024, far exceeding tourism revenue for the entire 2023.

Revenue in the first 11 months of 2024 amounted to €3.12 billion, compared to €2.91 billion in the corresponding period of 2023.

Tourism revenue for the entire 2023 had reached €2.99 billion. Moreover, tourism revenue in November 2024 alone showed the biggest annual increase of all months of last year.

CySTAT announced on 29 January that, based on the results of the Passengers Survey, revenue from tourism reached €138,7 million in November 2024, recording an impressive increase of 22.0% compared to the corresponding month of the previous year (€113,7 million).

According to the data released, the average expenditure per person was €771,02 in November 2024 compared to €712,63 in November 2023, recording an increase of 8.2%.

Tourists from the United Kingdom (the largest tourist market with 25.9% of the total tourists in November 2024) spent on average €80,58 per day, CySTAT said, while tourists from Poland (the second largest market during the specific month with 11.3% of the total tourists) spent on average €88,80. Tourists from Israel (the third largest market with 10.5%), spent on average €139,80 per day.

(Source: CNA)

Tourism revenue reaches €3.12 billion in first 11 months of 2024, far exceeds 2023 revenue

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