Economy category powered by

Tourism revenue surges 8.3% in October, 22.6% in 10-month period

Tourism revenue increased by 8.3% in October 2023, compared to October 2022, and amounted to €346.5 million, from €319.8 million in the corresponding month of 2022, according to CySTAT.

According to the Traveller Survey results covering January to October 2023, tourism revenue for the period amounted to €2,802.6 million, marking a substantial 22.6% increase from the corresponding period in 2022, where revenue stood at €2,285.2 million.

Per capita spending of tourists in October 2023 amounted to €812.95, showcasing a 1.8% increase from €798.20 in October 2022.

British tourists, constituting the largest tourist market with 36.2% of total visitors in October 2023, spent an average of €91.61 daily. German tourists, the second-largest market at 7.1% of the total, had an average daily expenditure of €106.70.

Tourists from Poland, representing the third-largest market with 6.7%, recorded a daily spending average of €86.50.

(Source: CNA)

Read More

Cyprus considering new natural gas licensing rounds
UNSG remains committed to informal expanded talks, Dujarric says on Cyprus issue
Successful EU Presidency a high priority, Dep. Minister for European Affairs says
China-Cyprus trade at one billion dollars in 2023, Chinese Ambassador says
Shipping Minister in Hong Kong then London where she will announce Cyprus' IMO candidacy
"Prometheus" FSRU to begin its journey from Shanghai in December, Minister says
Andreas Kapsos: The derivatives industry was misunderstood but zero-tolerance CySEC has managed to cleanse it
Jason Cave: The entire regulatory structure in the US will undergo a fundamental change with Trump in charge
Cyprus salaries lag as EU average climbs, Eurostat data show
European Research Council President visits Cyprus