Remarkable growth in tourism revenues

first_imgThe Cyprus Tourism Organisation (CTO) on Tuesday called the increase in June revenues, a rise of 15.3 per cent to €347.2m over the same month in 2016 “remarkable”.The cumulative total revenue for the first half of the year, CTO said had now reached a record of nearly €1 billion, a hike of almost 20 per cent over the same period last year.According to CTO, the average spending from nearly all markets for the period January-June had increased, either due to increased daily spending, or due to an increase in the length of stay of the tourists or both.The CTO said that according to the data there has been an increase of 12.5 per cent in spending per stay by Russian tourists from €691.98 in June 2016 to €766.39 this year.Israeli spending was up from €497.22 last year to €634.41 this year. In this case, despite daily spending going down 2.3 per cent there was an increase of 34.1 per cent in the length of time they spent on the island.UK tourists spent less overall. Even though their daily spend was up 0.9 per cent, their overall spending was down 5.4 per cent because they had reduced their length of stay by 3.7 per cent. Overall, British tourists spent €757.96 in June 2017, down from €801.38 in June 2016.On average expenditure per tourist during their stay in June 2017 reached €734.89 compared with €728.53 in the corresponding month of the previous year, recording an increase of 0.9 per cent. Expenditure per person per day for June 2017 compared with June 2016 also recorded an increase of 0.9 per cent.You May LikeFigLeaf Beta AppHow to Become Fully Anonymous Online in Less Than 3 Minutes? Better safe than sorryFigLeaf Beta AppUndoYahoo SearchResearch Compact SUVs. New SUVs May Make You Want To Trade Yours In Today – See For Yourself!Yahoo SearchUndoGundry MD PrebioThrive Probiotic SupplementCardiologist: This Is What Happens To Your Body When You Eat GlutenGundry MD PrebioThrive Probiotic SupplementUndo Pensioner dies after crash on Paphos-Polis roadUndoTurkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoRemand for pair in alleged property fraud (Updated)Undoby Taboolaby Taboolalast_img read more