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Revenue from tourism reaches 88% compared to 2019

30/11/2022 12:10

Revenue from tourism increased by almost 30% or €80 million in September 2022, on an annual basis, while in the first nine months of 2022, the increase in revenue reached an impressive 88% or €920.2 mn.

According to data from the Cyprus Statistical Service, the results of the Passenger Survey show that revenue from tourism reached €348.3 mn in September 2022 compared to €268.2 mn in September 2021, recording an increase of 29.9%.

For the period of January – September 2022, revenue from tourism is estimated at €1,965.4 mn compared to €1,045.2 mn in the corresponding period of 2021 and to €298.9 mn during the period of January – September 2020.

It is noted that revenue for the 9 months of 2022 was down by €268.6 mn or 12%, compared to the corresponding period of 2019, before the start of the pandemic, when it stood at €2,234mn.

Regarding the per person and per day expenditure of tourists, according to the Statistical Service, while tourist arrivals in September 2022 increased by 21.9%, amounting to 413,382, compared to 339,242 in September last year, the average length of stay decreased to 9.8 days, compared to 10.9 days in September 2021.

However, the per capita expenditure increased in September 2022 to €842.49, compared to €790.63 in September last year, while the per day expenditure amounted to €85.97, compared to €72.53.