articles | 02 August 2019

Tourism revenue dropped in May 2019

Revenue from tourism decreased by 5.8% in May 2019 compared to the corresponding month last year, the statistical services announced recently.

On the basis of the results of a passenger survey, revenue from tourism reached €277.6 million in May 2019 compared to €294.7 million in May 2018.

For the period from January to May 2019 the revenue is estimated at €652.8 million compared to €677.2 million in the same period of 2018, a fall of 3.6%.

The expenditure per person for May 2019 reached €638.78 compared to €654.14 in May the previous year, a drop of 2.3%.

Though the expenditure per person/per day for May 2019 remained the same, €76.06 and €76.05 respectively, a decrease of 2.3% was recorded in the average length of stay, from 8.6 days in May 2018 to 8.4 days in May 2019, resulting in the overall drop in expenditure per person per holiday.

The expenditure per person for the period of January to May is also down, by 2.5%. It reached €582.15 compared to €597.12 in the corresponding period of the previous year.

Source: Cyprus Mail

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