Tourism revenue up €27m First Published: 28/09/2012 12:53
Revenue from tourism recorded a sharp increase for the third consecutive month in July, providing support to the economy at the same time that other sectors falter.
According to Cystat data, revenue from tourism reached €301,5 mn in July 2012 compared to €274,4 mn in the corresponding month of the previous year, recording an increase of 9,9%.
This increase is mostly attributable to an increase in tourist arrivals by 3.4% to 371,453 in July 2012 from 359,104 in the corresponding month of 2011.
The increase in spending per capita contributed too, since it reached €811.8 against €764.2 in July 2011.
Highest spending per capita was observed in tourists from Switzerland (€993.5), Ireland (€975.6), the US (€965.7) and Russia (€953.9).
Revenue for the period January – July 2012 rose 7% to €947.2 million from €884.9 million in the corresponding period of 2011.
Chairman of Cyprus Tourism Organization, Alecos Orountiotis expressed his content for the official data.
“Certainly, revenue from tourism in 2012 will give a boost to our economy, no that it needs it more than ever”, he said and estimated that total revenue in 2012 will reach €1.9 billion.