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

07:57 - 08 January 2024

Economy Reporter

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)

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