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ECONOMY

Annual Tourism Revenue Up This April By 3%

Annual Tourism Revenue Up This April By 3%

Revenue from tourism in April 2019 presented an increase of 3% on an annual basis, after having recorded a drop in the two previous months, the Cyprus News Agency reports.

According to the Passengers Service, published by the Statistical Service, revenue from tourism in April 2019 reached €186.6 million compared to €181.4 million in April 2018.

This is the first annual increase recorded after the two previous months recorded a drop.

However, for the period of January - April 2019 revenue from tourism are estimated to be  €375.2 million compared to €382.5 million at the same period of 2018, recording a drop of 1.9%. It should be noted that last year was a record high in both tourist arrivals and revenue from tourism.

According to the official data per capita expenditure of tourist in April 2019 reached €566.60 compared to €577.39 in the corresponding month of the previous year, recording a drop of 1.9%.

Per capita daily expenditure in April 2019 also recorded a decrease of 0.6% compared to April 2018, down from €71.28 to €70.83. The average duration of stay also fell by 1.2% from 8.1 days in April 2018 to 8.0 days in April this year.

Per capita expenditure of tourists for the period January - April 2019 reached €546.32 compared to €559.54 at the same period of the previous year, recording a drop of 2.4%.

Per capita daily expenditure for the period of January - April 2019 ( €66.62) remained at similar levels when compared to the same four months of 2018  (€66.61).

 

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