Economy category powered by

Tourism revenue up 6% in September year on year

Tourism revenue in September 2024 recorded a 6% increase, compared to September last year. For the first nine months of 2024 an increase of 4.9% was also recorded, compared to the same period in 2023.

Based on the results of the Passengers Survey carried out by Cystat, revenue from tourism reached €454.1m in September 2024, recording an increase of 6% as compared to the corresponding month of the previous year (€428.4m).

For the period of January – September 2024, revenue from tourism is estimated at €2,575.9m compared to €2,456.1m in the corresponding period of 2023, recording an increase of 4.9%.

Expenditure Analysis

The average expenditure per person was €891.29 in September 2024 compared to €879.13 in September 2023, recording an increase of 1.4%.

Tourists from the United Kingdom, the largest tourist market with 35.5% of the total tourists in September 2024, spent on average €112.35 per day, while tourists from Israel, the second largest market during the specific month with a share of 10.7% of the total, spent on average €150.63. Tourists from Poland, the third largest market with an 8.3% share, spent on average €88.96 per day. 

Read More

Unemployment rate down to 4.5% in Q3, 2024
Graduates reflect on 40 years of CIM-Cyprus Business School's presence in Limassol (video)
Diplomat Distributors Cyprus welcomes new brand- ELEPHANT
Sophic introduces government bonds to enhance investment options
Atlantica Hotel Management evolves into Wavemaker Hospitality with expanded brand portfolio
Cyprus points out need for reforms and innovation at EU Competitiveness Council
Sustainability defines the future of hospitality, expert from Sweden says
Deputy Minister describes 2024 as a reference year for tourism
General government surplus at €1.43 billion or 4.2% of GDP by October 2024
Implementation of development budget expenditure at 45% by October