Cyprus tourism revenue rises faster than arrivals in August

Tourism revenue rose more than twice as fast as tourism arrivals in August according to the results of the Passenger Survey.
Revenue from tourism rose over the year earlier by 16.9% in August, reaching EUR 312.1 mln, compared with EUR 267.0 mln in August 2011.
Tourism arrivals in the same month rose by 7.9% to 363,573.
For the period January – August 2012 revenue from tourism is estimated at EUR 1,321.9 mln, a rise of 8.5% compared with the EUR 1,218.4 mln recorded in the corresponding period of 2011.
Tourism arrivals in the first eight months of the year rose by 3.5%.