Tourist revenues at +54% First Published: 03/06/2011 12:06

 According to Cystat data released on Friday, revenue from tourism reached €136,7 mn in April 2011 compared to €89,0 mn in the corresponding month of the previous year, recording an increase of 53,5%.

In April, the annual increase in arrivals reached 43% mostly due to last year’s low basis.

In April 2010, many flights were cancelled due to the volcanic ash cloud from Iceland, while Easter was earlier this year.

In March 2011, the revenues had recorded an increase of 1.3%.

Tourists seem to spend more this year since the spending per capital rose 7.3% from €637.6 in April to €684.2 in April 2011.

The highest spending per capita in January was observed to the Norwegians (€985.2) and the Russians (€916.7).

For the period January – April 2011 revenue from tourism is estimated to €269,8 mn compared to €218,2 mn in the corresponding period of 2010, recording an increase of 23,7%.

The increase in the tourist revenues in the first four months corresponds to 0.3% of GDP and boosts expectations that the tourist industry will contribute to the acceleration of the growth rate, which is expected to reach 1.5% this year.

This increase in revenues is higher than that of the arrivals (17.6%) since tourists seem to spend more in 2011.