CYPRUS: Tourism revenue spiked 6% in October

Revenue from Cyprus tourism surged 6% in October reaching €293.8 mln from €277.1 mln in the same month of 2017, it is the highest percentage increase since March.

For the 10 months to October 2018 revenue from tourism is estimated at €2.56 bln compared to €2.49 bln in the same period of 2017, recording an increase of 2.7%.

The expenditure per person for October 2018 during their stay reached €677.60 compared to €681.05 in the corresponding month of the previous year, recording a decrease of 0.5%.

Expenditure per person/per day for October 2018 recorded an increase of 4% (from €73.23 to €76.13).

A decrease of 4.3% was recorded in the average length of stay, from 9.3 days in October 2017 to 8.9 days in October 2018.

Spending per person for the 10-month period January – October 2018 reached €697.54 from €731.63 in the same period of 2017, recording a decrease of 4.7%.

Expenditure per person/per day for January – October 2018 also fell 1.5% from €77.01 to €75.82.

The most frugal visitors in October were the Greeks spending an average of €43.80 a day while the most extravagant were the Belgians spending a whopping €136.34 per-day.

A record number of 3.65 million tourists enjoyed a Cyprus holiday in 2017, spending an unprecedented 2.6 billion euros.