News Local 2019 tourism revenue slips by an annual 1%

2019 tourism revenue slips by an annual 1%

Tourism revenue slipped an annual 1% in 2019 despite a 1% increase in the number of visitors, reflecting a 2% drop in expenditure per person, according to figures issued by Cystat on Tuesday.

Citing the results of the Passenger Survey, Cystat said revenue from tourism reached €54.6m in December 2019 compared to €56.4 m in the corresponding month of the previous year, recording a decrease of 3.2%.

For the period of January – December 2019 revenue from tourism is estimated at €2.683 billion compared to €2.7106 b in 2018, recording a decrease of 10%.

Expenditure per person for December 2019 reached €494.67 compared to €528.95 in the corresponding month of the previous year, recording a decrease of 6.5%.

Expenditure per person/per day for December 2019 compared to December 2018 also recorded a decrease of 1.2% (from €56.88 to €56.21).

A decrease of 5.4% was also recorded in the average length of stay, from 9.3 days in December 2018 to 8.8 days in December 2019.

The expenditure per person for the period of January – December 2019 reached €674.65 compared to €688.22 in the corresponding period of the previous year, recording a decrease of 2%.

Expenditure per person/per day for the period of January – December 2019 compared to the period of January – December 2018 remained at the same level (from €74.81 to €74.96). Cyprus welcomed  a record 3.976 million tourists in 2019, a 1% increase over 2018.

Read more

https://in-cyprus.com/2019-tourist-arrivals-set-new-record-tables/

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