By Stelios Orphanides
Revenue from tourism rose in August 8 per cent to €423.6m compared with the respective month of 2016, which is the second highest ever amount in a month after July 2016, the statistical service said.
The increase in revenue in August was mainly on an annual 14 per cent increase in arrivals in the same month which more than offset a 5.4 per cent drop in the budgets to €809.01 of visitors on average, Cystat said in a statement on its website on Friday. Tourists reduced in August their average length of stay by 0.2 days to 10.3 days and their average spending per day 3.6 per cent to €78.54.
While the number of tourists from the UK, Cyprus’s main source of vacationers, rose 7.9 per cent in August, they spent on average €837.97 each during their stay or 5.4 per cent less compared with August last year, Cystat said. In the case of tourists from Russia, the island’s second largest source of incoming tourism, their number dropped 2.5 per cent. They also spent €850.76 or 0.5 per cent less during their stay on average.
In January to August, tourism revenue rose 14 per cent to over €1.8bn, against a 15 per cent increase in arrivals to 2,517,887, Cystat said. Tourism accounts directly or indirectly, roughly a quarter of Cyprus’s economy, expected to expand 3.5 per cent this year.