Tourist revenues go up First Published: 27/04/2011

Tourist revenues were in positive territory in 2011 despite last year’s high basis due to the Easter and despite the significant decrease in tourist arrivals.

According to Cystat data, revenue from tourism reached €66,4 mn in March 2011 compared to €65,6 mn in the corresponding month of the previous year, recording an increase of 1,3%.

The tourist arrivals, however, fell 4.7% to 99 thousand in March against6 103.8 thousand in the corresponding month of 2010.

In February, the revenues had recorded an increase of 8.8%.

The spending per capita rose 6.3% to €671.4 in March 2011 from €631.7 in March 2010.

The highest spending per capita was observed to the Finnish tourists (€1190.6), followed by the Russians (€1015.6) and the Norwegians (€947.7).

For the period January – March 2011 revenue from tourism is estimated to €133,1 mn compared to €129,2 mn in the corresponding period of 2010, recording an increase of 3,1%. 

Source: www.stockwatch.com.cy