Monday, July 31, 2023

TOURISM - REVENUE +40.7% IN MAY

 Filenews 31 July 2023



At €311 million. tourism revenues reached in May , compared to €221 million. in the corresponding month of the previous year, recording an increase of 40.7%.

Based on the results of the Traveller Survey, for the period January – May, tourism revenues are estimated at €728.6 million. compared to €543 mn. in the corresponding period of 2022, recording an increase of 34,2%.

The per capita expenditure of tourists in May amounts to €740,36 compared to €701,44 in May 2022, recording an increase of 5,5%.

British tourists (the largest tourism market with 36.6% of total tourists in May 2023) spent an average of €89.83 per day, while Israeli tourists (the second largest tourist market in that month with 8.9% of the total) spent an average of €136.11.

Tourists from Poland (third largest market with 7.3%) spent €79.46 per day.

Detailed statistics on the average expenditure of tourists per person and per day by country of usual residence are presented in the following table.

Table

 

 

 

Country of Usual Residence

May 2022

May 2023

Arrivals

Average Length of Stay

Expenditure (€)

Arrivals

Average Length of Stay

Expenditure (€)

Per Person

Per Day

Per Person

Per Day

TOTAL

315.018

8,8

701,44

79,71

420.076

8,5

740,36

87,10

Austria

6.753

7,7

787,88

102,32

9.078

6,5

799,95

123,07

Belgium

2.014

8,1

804,26

99,29

3.047

9,1

1.016,94

111,75

France

5.348

10,2

761,46

74,65

10.027

6,7

647,35

96,62

Germany

20.592

8,7

851,25

97,84

25.916

9,1

955,32

104,98

Denmark

9.628

7,8

637,39

81,72

7.557

7,5

703,49

93,80

Switzerland (incl. Liechten.)

5.047

8,6

1.017,26

118,29

7.783

6,8

729,37

107,26

Greece

13.905

9,4

383,57

40,81

15.190

8,8

367,62

41,78

United States

3.364

5,1

556,20

109,06

5.437

9,8

1.175,71

119,97

United Kingdom

126.324

9,4

721,07

76,71

153.797

9,4

844,39

89,83

Israel

21.749

4,0

644,09

161,02

37.442

4,1

558,07

136,11

Italy

6.197

11,5

641,41

55,77

3.793

8,4

657,67

78,29

Lebanon

2.607

6,0

1.030,83

171,81

3.425

4,7

911,29

193,89

Norway

4.452

17,2

923,36

53,68

6.862

9,0

795,67

88,41

Netherlands

3.827

7,8

859,01

110,13

5.357

7,4

891,94

120,53

Poland

23.197

7,1

534,14

75,23

30.835

6,4

508,53

79,46

Sweden

15.943

7,8

555,65

71,24

21.837

10,2

737,77

72,33

Finland

4.436

7,8

703,76

90,23

4.794

7,1

680,84

95,89

Other Countries

39.635

10,1

677,55

67,08

67.899

7,7

645,25

83,80

Methodological notes:

Definitions

Tourists – Visitors who stay for at least one night in Cyprus.

Tourist arrivals – The term refers to the number of trips and not to the number of persons. This differs in the sense that one person can take more than one trips during the reference period.

Revenue from Tourism – It refers to the revenue from tourists during their visit in Cyprus.

Source of Data and Coverage

The data on the expenditure of tourists is obtained from the Passengers Survey which is carried out at the points of departure in Larnaka and Pafos airports. The data is collected through personal interviews with the use of electronic questionnaire (CAPI method – Computer Assisted Personal Interviewing).  

The data covers all persons in the Government controlled area of Cyprus. It does not include travelers who arrive and depart illegally via ports and airports in the occupied part of Cyprus.

For more information, visit the CYSTAT Portal -> subtheme TourismCYSTAT-DB (Online Database), Predefined Tables (Excel), Methodological Information, or contact Ms Lucy Panayidou at telephone 22602152 or at e-mail address lpanagidou@cystat.mof.gov.cy.