Insider Economy November 2020 sees large annual drop in revenue from tourism in Cyprus

November 2020 sees large annual drop in revenue from tourism in Cyprus

Revenue from tourism in November 2020 recorded a large drop and reached €6.6 mn compared to €95.0 mn in the corresponding month of the previous year, with a decrease of 93.1%.

According to the Statistical Service, for the period January – November 2020, revenue from tourism is estimated at €382.9 mn compared to €2,628.4 mn in the corresponding period of 2019, recording a decrease of 85.4%.

The expenditure per person for November 2020 reached €741.94 compared to €561.04 in the corresponding month of the previous year, recording an increase of 32.2%, as well as the average length of stay, which increased by 90.8% (from 8.7 to 16.6 days).

The daily expenditure per person for November 2020 compared to November 2019 recorded a decrease of 30.7% (from €64.49 to €44.70).

It is noted that following the decrees issued by the Government of Cyprus and the measures taken to prevent the spread of the coronavirus pandemic, a ban of entry to Cyprus was imposed on several categories of persons, including tourists, for the period 15/3-8/6/2020.

As of 9/6/2020, a gradual easing of the travel restrictions to Cyprus was implemented, allowing arrivals from specific countries, according to the epidemiological risk categorisation issued by the Ministry of Health.

(CNA)

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