CYPRUS: Tourism revenue increase ‘satisfactory’

The Cyprus Tourism Organisation (CTO) has expressed its satisfaction over the annual increase of tourist revenues in June, according to data released by the Statistical Service Cystat.

A press release by CTO says that the June 2017 revenues from tourist arrivals reached EUR 347.2 mln, recording an increase of 15.3% compared to June 2016.

Regarding the cumulative total revenue for the first half of the year, the CTO said that Cyprus has approached the one-billion record (EUR 996.4 mln), a significant increase of 19.9% ​​compared to the previous year.

According to a CTO announcement, the average travel spending for tourists from nearly all markets for the period January – June have increased, either due to increased daily expenses or due to an increase in the length of stay or both.

The CTO points out that according to the statistical data, there has been an increase of 12.5% ​​in the spending by Russian tourists (6.9% in daily expenditure and 5.2% in average length of stay), an increase of 10.1% by German travellers (+3.4% in daily spending and 6.4% in average length of stay) and an increase of 31.0% in Israeli tourists’ spending (despite a 2.3% decrease in daily spending, there was an increase of 34.1% in stay).

There was a slight decrease of 2.8% in the spending by tourists from the United Kingdom due to the decrease of 3.7% in the average length of their stay and despite the 0.9% increase in their daily expenses.