Cyprus tourism revenue drops less than arrivals in November

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.
www.sapientaeconomics.com