Revenue from tourism down by 1.1% in January – October 2019

Tourism revenue records slight drop

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Revenue from tourism down by 1.1% in January - October 2019

Revenue from tourism for the period of January – October 2019 declined by an annual 1.1% recording the first annual drop for the 10-month period since 2014, according to data released by the Cyprus Statistical Service (Cystat) on Friday.

“Revenue from tourism for the period of January – October 2019 declined by an annual 1.1% recording the first annual drop for the 10-month period since 2014.”

The expenditure per person for the January – October 2019 period reached €685.22 compared to €697.54 in the corresponding period of 2018, recording a decrease of 1.8%, while per person daily spending for the January – October 2019 period dropped by 0.4% compared to the same period in 2018 (from €75.82 to €76.14), Cystat added.

For October, revenue from tourism rose by an annual 1.9% reaching 299.4 million compared to €293.8 mn in October of last year.

“The average length of stay remained the same as last year, that is, 8.9 days.”

Spending per person for October 2019 reached €685.82 compared to €677.60 in the respective month of last year recording an increase of 1.2%. The per person daily spending for October 2019 compared to October 2018 also recorded an increase of 1.2% (from €76,13 to €77,06), Cystat added.

The average length of stay remained the same as last year, that is, 8.9 days.

Future Plans

In December, Cyprus’ Tourism Deputy Minister Savvas Perdios has said that in the next two years emphasis will be placed in attracting tourists from new markets such as France, Belgium, Holland, Norway, Sweden and Israel.

In statements after a meeting with Cyprus Greens President Giorgos Perdikis, Perdios assured that a new national tourism strategy, set to be launched at the beginning of 2020, will take environmental issues seriously, thus differentiating Cyprus from other competitors.

He said that during the meeting he had briefed Perdikis of the problems the sector was faced with during this year such as the closing down of airlines Cobalt, Air Berlin, Germania, tour operator Thomas Cook as well as the uncertainty surrounding Brexit and the Russian ruble exchange rate.

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