articles | 02 November 2018

Tourism revenues up in August 2018

Tourism brought in a revenue of €428.2m in August 2018, recording an increase of 1.1% compared to August 2017, which generated €423.6m, the statistical service said recently.

A larger increase of 2.4% in tourism revenue was recorded in the first eight months of 2018 compared to the corresponding months of the previous year.

Specifically, for the period of January-August 2018 tourism revenue was an estimated €1,889.7m, while the corresponding period of last year raised a revenue of €1,845.7m.

The expenditure per person for August 2018 recorded a decrease of 1%, as it reached €800.65 compared to €809.01 in the corresponding month of the previous year.

The expenditure per person/per day for August 2018 compared to August 2017 also recorded a decrease of 1%, as it fell from €78.54 to €77.73.

The average length of stay remained the same as last year, at 10.3 days.

Declining expenditures per person were also recorded for the period January-August 2018, which fell by 5.2% compared to the same months last year. In the first eight months of 2018, each person spent €694.85 compared to the €733.03 spent in the corresponding period of the previous year.

Similarly, during the same period, expenditure per person/per day fell by 3.1%, from €77.98 in 2017 to €75.53 in 2018.

Source: Cyprus Mail

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