Insider Economy Revenue from tourism down by 73.5% in March

Revenue from tourism down by 73.5% in March

Revenue from tourism dropped by 73.5% in March 2020, according to the results of the Passenger Survey announced by the Statistical Service of Cyprus.

As of March 15, an entry ban was imposed in Cyprus on several categories of persons, including tourists, as part of the measures taken to prevent the spread of COVID-19.

Revenue from tourism reached €25.6 mn in March 2020 compared to €96.6 mn in the corresponding month of the previous year.

For the period of January – March 2020 revenue from tourism is estimated at €115.3 mn compared to €188.6 mn in the corresponding period of 2019, recording a decrease of 38.9%.

The expenditure per person for March 2020 reached €461.71 compared to €568.19 in the corresponding month of the previous year, recording a decrease of 18.7%.

The expenditure per person/per day for March 2020 compared to March 2019 recorded a decrease of 15.7% (from €68.46 to €57.71). A decrease of 3.6% was also recorded in the average length of stay, from 8.3 days in March 2019 to 8.0 days in March 2020.

The expenditure per person for the period of January – March 2020 reached €467.58 compared to €527.64 in the corresponding period of the previous year, recording a decrease of 11.4%. The expenditure per person/per day for the period of January – March 2020 compared to the period of January – March 2019 recorded a decrease of 4.6% (from €62.81 to €59.95).

As a result of the measures to prevent COVID-19 spread, the Passengers Survey, was only conducted until mid-March 2020. Due to the small sample size that was collected during this period, it was not possible to produce a more detailed analysis of the expenditure of tourists by country of residence.

(CNA)

Top Stories

Armenian community in Cyprus holds Karabakh protest

  The Armenian community in Cyprus held an all-day protest today, condemning the Azeri attack on Nagorno Karabakh. The march went through various areas of Nicosia,...

Spain decrees new state of emergency in COVID-19 fight

  Spanish Prime Minister Pedro Sanchez announced a new state of emergency in an effort to curb soaring coronavirus infections, imposing local nighttime curfews and...

Iraqi forces use water cannon, tear gas against protesters in Baghdad

  Iraqi security forces fired water cannon and tear gas at anti-government protesters on Sunday to prevent them crossing barricades on a bridge leading towards...

Lebanese Christian cleric to Hariri: avoid ‘secret deals’ in forming cabinet

  Lebanon’s top Christian cleric urged Prime Minister-designate Saad al-Hariri to avoid back-door deals and quickly form a new government that will start lifting the...

Pope Francis names new cardinals, including 9 that will eventually elect successor

  Pope Francis named 13 new Roman Catholic cardinals, including nine under the age of 80 who are eligible to enter a conclave to elect...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...