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Revenue from tourism up 7.3% y-o-y in 2024

07:07 - 23 July 2025

Economy

In 2024, revenue from tourism was estimated at €3,209.4m, compared to €2,990.6m in 2023, recording an increase of 7.3%.

The average expenditure per person was €794.40 in 2024, recording an increase of 2.1% from 2023. The highest average expenditure per person in 2024 was recorded in the month of August with €921.59 and the lowest in the month of January with €513.32.

Residents of Cyprus

The trips of residents of Cyprus abroad increased by 4.4% in 2024, and reached 1,754,937 as compared to 1,680,345 in 2023.

In 2024 34.7% visited Greece, 10.5% the United Kingdom, 5.2% Italy, 3.7% Germany, 3.1% Russia and 2.9% France. The highest number of trips for residents was recorded in the month of August, while the lowest number of trips in February.

A percentage of 72.5% of the residents of Cyprus travelling abroad in 2024 stated that the main reason for travelling was holidays, 19.4% stated professional reasons, 6.8% studies and 1.3% other purposes.

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