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Restaurant and accomodation services turnover value down by over 20% in Q1

29/05/2020 16:50

Cyprus restaurant and accomodation services turnover value was down by over 20% in the first quarter of this year, data released by the country`s Statistical Service, on Friday, show.

In particular, according to CyStat the turnover value index during the first quarter of 2020, which includes the period during which COVID-19 containment measures were introduced in Cyprus, recorded decreases in accommodation and food service activities of 20,6%.

A drop in the turnover value index was also recorded at the same time in information and communication activities (1.0%), professional, scientific and technical activities (2.9%) and administrative and support service activities (5.3%) compared to the corresponding quarter of 2019.