Tourism rev­enue in­crease ‘sat­is­fac­tory’

Financial Mirror (Cyprus) - - FRONT PAGE -

The Cyprus Tourism Or­gan­i­sa­tion (CTO) has ex­pressed its sat­is­fac­tion over the an­nual in­crease of tourist rev­enues in June, ac­cord­ing to data re­leased by the Sta­tis­ti­cal Ser­vice Cy­s­tat.

A press re­lease by CTO says that the June 2017 rev­enues from tourist ar­rivals reached EUR 347.2 mln, record­ing an in­crease of 15.3% com­pared to June 2016.

Re­gard­ing the cu­mu­la­tive to­tal rev­enue for the first half of the year, the CTO said that Cyprus has ap­proached the one-bil­lion record (EUR 996.4 mln), a sig­nif­i­cant in­crease of 19.9%, com­pared to the pre­vi­ous year. Ac­cord­ing to a CTO an­nounce­ment, the av­er­age travel spend­ing for tourists from nearly all mar­kets for the pe­riod Jan­uary - June have in­creased, ei­ther due to in­creased daily ex­penses or due to an in­crease in the length of stay or both.

The CTO points out that ac­cord­ing to the sta­tis­ti­cal data, there has been an in­crease of 12.5% ??in the spend­ing by Rus­sian tourists (6.9% in daily ex­pen­di­ture and 5.2% in av­er­age length of stay), an in­crease of 10.1% by Ger­man trav­ellers (+3.4% in daily spend­ing and 6.4% in av­er­age length of stay) and an in­crease of 31.0% in Is­raeli tourists’ spend­ing (de­spite a 2.3% de­crease in daily spend­ing, there was an in­crease of 34.1% in stay).

There was a slight de­crease of 2.8% in the spend­ing by tourists from the United King­dom due to the de­crease of 3.7% in the av­er­age length of their stay and de­spite the 0.9% in­crease in their daily ex­penses.

The CTO points out that based on these data, 2017 will be a mile­stone in Cyprus’ tourism.

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