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HOTEL, TOURISM & LEISURE

Tourism-Related Services Lead The Way In Services Value Turnover In Q2 2022

Tourism-Related Services Lead The Way In Services Value Turnover In Q2 2022

Accommodation and food services toped annual gains in the Turnover Value Index in the second quarter, reflecting the recovery of the tourist sector.

According to data released by the Statistical Service of Cyprus (Cystat), the turnover value index in accommodation and food services jumped by an annual 84.3% in the second quarter of 2022, followed by administrative and support service activities with 69.8%, information and communication with 34.8% and professional, scientific and technical activities with 9.0%.

For the period January-June 2022, increases relative to the corresponding period of 2021 were observed in the indices of accommodation and food service activities with 86.3%, professional, scientific and technical activities with 47.0%, information and communication with 33.7%) and administrative and support service activities with an annual 8.2% Cystat added.

Source: CNA

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