CYPRUS: Tourism revenue down 3.1% in May

Tourism revenue fell by 3.1% in May according to statistical service Cystat, despite arrivals having increased by 4.9%.

On the basis of the results of the monthly Passenger Survey, revenue from tourism reached EUR 217.1 mln in May compared to EUR 224.1 mln in the same month last year, recording a decrease of 3.1%.
For the January-May period, revenue from tourism is estimated at EUR 471.9 mln compared to EUR 475.5 mln in the corresponding period of 2014, a drop of 0.8%.
The Cystat data showed that the number of arrivals from Russia in May reached 71,137 compared to 88,426 in May 2014 and the average expenditure per person was EUR 726 compared to EUR 874 last year.
On the other hand, arrivals from the U.K. were significantly up, at 124,189 in May compared to 106,063 in the same month of last year. Expenditure per person was marginally up at EUR 756 compared to EUR 750 last year.
Arrivals from Germany were also on the rise, at 13,297 this May compared to 8,564 last May. However, average spending per person saw a significant drop to EUR 740 from EUR 902 last year.
Arrivals from Greece in May were also up, at 13,120 compared to 9,038 in May 2014. Expenditure per head came to EUR 394 instead of EUR 411 last year.