By Stelios Orphanides
Cyprus’s revenue from tourism rose in February 13 per cent to €52.7m compared to the respective month of 2017 but tourists from UK drastically reduced their holiday budgets, the statistical service said.
In the first two months of the year, total revenue rose an annual 11 per cent to €91.1m, Cystat said in a statement on its website on Friday.
The increase in revenue was accompanied by an annual 23 per cent increase in arrivals in February, which resulted from an 8.4 per cent drop in average spending in tourist budgets to €519.43, Cystat said. Still, visitors on the island prolonged their length of stay in February by 0.7 days to 9.1.
Visitors from the UK, traditionally Cyprus’s primary source of incoming tourism whose economy plunged into uncertainty two years ago when voters decided to leave the European Union, cut back their holiday spending in February 28 per cent to €509.03 compared to the respective month of 2017, Cystat said. On the other hand, Russian tourists, who make up the second most numerous nationality, spent in February on average €694.94 which is 11 per cent more compared to a year before.
Visitors from Germany and Greece increased their spending in February an annual 2.4 per cent to €607.47 and 3.2 per cent to €349.40 respectively, while those from Israel, spent on average €364.27 which is 10 per cent less than a year before, Cystat said.