Tourism accounts, directly or indirectly, for a quarter of Cyprus’s economy. Revenue from tourism rose 6.4% in March 6.4 per cent in comparison to March of 2016. Cystat, a statistical service, said that it rose to €86.1 million. From January to March, the total revenue rose 14% in comparison to last year, the statistical service said in a statement on its website on Tuesday. Revenue rose up to €168.1 million in this period.
The increase in revenue from tourism in March was mainly on an annual 3.6% increase in spending per person, to €611.41. This, more than offset a shortening of the average length of stay by 0.4 days to 8.8 days, according to Cystat.
Tourists from the UK, traditionally Cyprus’s largest source of tourism, stayed 9.8 days on average in March, which is half a day less compared to March last year, but increased their spending by 15%, to €744.16 per person, during their stay. Those from Russia, Cyprus’ second-largest source of tourism, spent 8.9 days on the island, 0.6 days more than in March of 2016, and spent 8.6% more, an average of €617.51 per person.
Tourist arrivals in March and in the first quarter of the year rose by 2.8% and 14% compared to the respective period of 2016.