Cyprus tourism revenue drops by 85.1% during first ten months of 2020

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Cyprus tourism revenue drops by 85.1% during first ten months of 2020Down by 74.1% in October

Tourism revenue in Cyprus was hit hard by the pandemic in October and in the first ten months of this year, recording a drop of 74.1% and 85.1% respectively, data released by the Cyprus Statistical Service (CyStat), on Wednesday, show, according to CNA.

In particular, on the basis of the results of the Passenger Survey carried out by the Statistical Service, revenue from tourism in October 2020 reached €77.4 mn compared to €299.4 mn in the corresponding month of the previous year, recording a fall of 74.1%.

For the period January – October 2020, revenue from tourism is estimated at €376.3 mn compared to €2,533.4 mn in the corresponding period of 2019, recording a drop of 85.1%.

The expenditure per person for October 2020 reached €767.66 compared to €685.82 in the corresponding month of the previous year, recording a rise of 11.9%.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinationsGreek travel marketGreek tourism statisticsGreek tourism report

Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: AyianapaProtaras

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