Nicosia, Cyprus – The tourism sector in Cyprus has experienced a remarkable upswing in revenue during the first half of 2023, according to the latest data released by the Statistical Service of Cyprus (CyStat). Tourism revenue for this period soared to an impressive 1.09 billion euros, reflecting a substantial 30.4% surge when compared to the corresponding period in the previous year. Furthermore, this figure represents a noteworthy 8.7% increase compared to the first six months of 2019, which had previously set a record for tourist arrivals in Cyprus.
In June 2023 alone, tourist revenue reached a noteworthy 361.5 million euros, marking a significant uptick from the preceding year’s figure of 292.7 million euros for the same month.
Examining the spending patterns of tourists, it was revealed that, on average, each tourist spent 791.03 euros in June 2023. This shows a slight increase from the expenditure of 786.03 euros per tourist in June 2022, representing a 0.6% rise. Delving into spending by nationality, it was observed that tourists from the United Kingdom, the largest market accounting for 34.8% of total tourists in June 2023, spent an average of 96.13 euros per day. Meanwhile, tourists from Israel, the second-largest market during the same month comprising 10.2% of total tourists, had an average daily expenditure of 124.72 euros. Tourists from Poland, representing the third-largest market at 6.6%, recorded a daily average spending of 77.12 euros.
The remarkable surge in tourism revenue highlights the continued appeal of Cyprus as a tourist destination and underscores the positive trajectory of the country’s tourism sector, despite the challenges posed by the global pandemic. Cyprus remains an attractive choice for travelers from various countries, contributing significantly to its economic growth and vitality.
