A significant new increase of 23.9% was recorded in February 2017 as revenues from tourism, according to the Statistical Service of the country. In particular, based on the results of the Passenger Survey, revenue from tourism in February 2017 amounted to € 46.6 million, compared to € 37.6 million in the corresponding month of 2016, recording an increase of 23.9%.
This is the 17th of the last 18 months that recorded an increase in tourism revenue, on an annual basis. The exception was December 2016 when there was a decrease in tourism revenue by 3.2%.
For the period of January – February 2017, revenue from tourism is estimated at €82.0 million, compared to €66.7 million in the corresponding period of 2016, recording an increase of 22.9%.
Meanwhile, Cyprus is heading for a new record in tourism in 2017, after the historic 3.2 million tourists in the past year, as reported in the House of Commons.
For her part, Chryssimili Psilogenes, General Director of Cyprus Tourist Enterprises Association (STEK), said that the occupancy rates of hotels are moving at quite good levels, adding that “we will move to the same if not better than last year’s record”.
She also mentioned that our hotels have undergone extensive renovations, extensions or even the erection of new accommodation, “and this gives a message as to the positive prospects of tourism in our country.”
Hoteliers did not raise prices. Speaking to the Commission, Zacharias Ioannidis, General Manager of Pancyprian Hotelier Association (PASYXE) said that Cyprus received very good comments from foreign partners, because despite the increase in demand, hoteliers kept their prices unlike Spain Where prices have risen.