Research Center
Cyprus Economy

Cyprus tourism revenue drops less than arrivals in November

19 February, 2013

Revenue from tourism declined in November, but not as fast as the number of arrivals.
Revenue from tourism fell by 3% to EUR 62.8 mln in November 2012 according to the Passenger Survey, compared with EUR 64.8 mln in the corresponding month of the previous year.
Arrivals in November fell by 9.5% compared with the same month of 2011.
The performance was better for the year, however.
In the period January - November 2012 revenue from tourism rose by 10.4% to EUR 1,886.1 mln (EUR 1.9 bln) compared with EUR 1,707.7 mln in the corresponding period of 2011.