By Stelios Orphanides
Revenue from tourism rose in October an annual 4.2 per cent to €277.1m, against an increase in arrivals of 14 per cent, the statistical service said on Friday.
In January to October, revenue from tourism rose 15 per cent to €2.5bn, Cystat said in a statement on its website. In the same period, total arrivals rose 14 per cent.
The lower rate of increase in revenue compared to the increase in arrivals was mainly on a 8.6 per cent annual reduction in holiday budgets to €681.05, accompanied by an increase in the length of stay by 0.1 days to 9.3 days, Cystat said.
Tourists from the UK reduced their budgets 11 per cent in October compared to October 2016 to €737.08 and reduced their average length of stay by 0.1 days to 10.1 days, Cystat said. Russian tourists also reduced their expenditure by 8 per cent to €673.26 during their stay which they extended by 1.1 days to 10.
The UK is Cyprus’s largest source of incoming tourism, while Russia is the second largest.