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12° Nicosia,
19 June, 2024
 
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Tourism revenue soars to just over €1 billion in first half of 2023

Record-breaking tourist spending boosts economy

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Tourism revenue in Cyprus has seen a remarkable surge in the first half of this year. The latest data from the Statistical Service of Cyprus (Cystat) reveals that revenue from tourism amounted to a staggering €1.09 billion. This represents a substantial 30.4% increase compared to the same period last year and an impressive 8.7% rise when compared to the first six months of 2019, which was a record-breaking year for tourist arrivals in Cyprus.

In June 2023 alone, tourist revenue reached €361.5 million, a notable increase from the previous year's €292.7 million during the same period.

On average, each tourist spent €791.03 in June 2023, showing a slight uptick from the €786.03 spent in June 2022, marking a 0.6% increase.

Taking a closer look at spending by nationality, tourists from the United Kingdom, the largest tourist market accounting for 34.8% of total tourists in June 2023, spent an average of €96.13 per day. Meanwhile, tourists from Israel, the second-largest market during the same month, comprising 10.2% of total tourists, spent an average of €124.72 per day. Tourists from Poland, the third-largest market at 6.6%, had an average daily expenditure of €77.12.

These figures reflect a promising trend for Cyprus' tourism industry, showing significant growth in the sector.

TAGS
Cyprus  |  tourism  |  revenue

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