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Cyprus revenue from tourism shows increase Cyprus revenue from tourism shows increase

Cyprus Revenue from Tourism Shows Increase

Based on the results of the Passenger Survey carried out by the Statistical Service, revenue from tourism in Cyprus reached EUR97,8 million in March 2023 compared to EUR69,1 million in the corresponding month of the previous year, recording an increase of 41,5 percent.

For the period of January – March of this year, revenue from tourism is estimated at EUR200,0 million compared to EUR136,9 million in the corresponding period of 2022, recording an increase of 46,1 percent.

The average expenditure per person was EUR530,72 in March of this year compared to EUR536,39 in March 2022, recording a decrease of 1,1 percent. Tourists from the UK (the largest tourist market with 33,8 percent of the total tourists in March 2023) spent on average EUR69,58 per day, while tourists from Israel (the second largest market during the specific month with 12,4 percent of the total tourists) spent on average EUR140,89. Tourists from Greece (the third largest market with 8,2 percent), spent on average EUR57,32 per day.