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[PIO] Tourism revenues: March 2024

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Tourism revenues 15.5%

Based on the results of the Travel Survey, tourism revenues in March 2024 amounted to €113.0 million compared to €97.8 million.

For the period January-March 2024, tourism revenues are estimated at €223.3 million compared to €200.0 million in the corresponding period of 2023, an increase of 11.7%.

For the period January-March 2024, tourism revenues are estimated at €223.3 million compared to €200.0 million in the corresponding period of 2023, an increase of 11.7%.


Expenditure analysis

The per capita expenditure of tourists in March 2024 amounts to €558.88 compared to €530.72 in March 2023, an increase of 5.3%.

British tourists, the largest tourist market with 31.8% of all tourists in March 2024, spent an average of €73.49 per day, while Polish tourists, the second largest tourist market in that month with 10.4% of the total, spent an average of €75.86. Tourists from Germany, the third largest market with 9.8%, spent €98.66 per day.

Detailed data on the per capita and daily expenditure of tourists by country of usual residence are presented in the table below.


Table

[TR] [TD]

Country of usual residence

[/TD] [TD]

March 2023

[/TD] [TD] [TD]

March 2024

[/TD] [/TD] [/TR] [TR] [TD]

Arrivals

[/TD] [TD]

Average Length of Stay

[/TD] [TD]

Cost (€)

[/TD] [TD] [TD]

Arrivals

[/TD] [TD]

Average Length of Stay

[/TD] [TD]

Cost (€)

[/TD] [/TR] [TR] [TD]

Per Head

[/TD] [TD]

Per Day

[/TD] [TD]

Per Head

[/TD] [TD]

Per Day

[/TD] [/TR] [TR] [TD]

TOTAL

[/TD] [TD]

184.263

[/TD] [TD]

7.2

[/TD] [TD]

530.72

[/TD] [TD]

73.71

[/TD] [TD]

202.256

[/TD] [TD]

7.4

[/TD] [TD]

558.88

[/TD] [TD]

75.52

[/TD] [/TD] [/TR] [TR] [TD]

Austria

[/TD] [TD]

3.268

[/TD] [TD]

5.6

[/TD] [TD]

544.03

[/TD] [TD]

97.15

[/TD] [TD]

2.766

[/TD] [TD]

6.0

[/TD] [TD]

551.53

[/TD] [TD]

91.92

[/TD] [/TD] [/TR] [TR] [TD]

Belgium

[/TD] [TD]

1.479

[/TD] [TD]

8.3

[/TD] [TD]

597.81

[/TD] [TD]

72,03

[/TD] [/TD] [TD]

953

[/TD] [TD]

u

[/TD] [TD]

u

[/TD] [TD]

u

[/TD] [/TR] [TR] [TD]

France

[/TD] [TD]

3.568

[/TD] [TD]

9.9

[/TD] [TD]

719.12

[/TD] [TD]

72.64

[/TD] [TD]

3.923

[/TD] [TD]

6.4

[/TD] [TD]

468.68

[/TD] [TD]

73.23

[/TD] [/TD] [/TR] [TR] [TD]

Germany

[/TD] [TD]

12.864

[/TD] [TD]

7.9

[/TD] [TD]

544.03

[/TD] [TD]

68.86

[/TD] [TD]

19.732

[/TD] [TD]

7.9

[/TD] [TD]

779.45

[/TD] [TD]

98.66

[/TD] [/TD] [/TR] [TR] [TD]

Δανία

[/TD] [TD]

1.258

[/TD] [/TD] [TD]

u

[/TD] [TD]

u

[/TD] [TD]

u

[/TD] [TD]

1.297

[/TD] [TD]

u

[/TD] [TD]

u

[/TD] [TD]

u

[/TD] [/TR] [TR] [TD]

Switzerland

[/TD] [TD]

1.285

[/TD] [/TD] [TD]

u

[/TD] [TD]

u

[/TD] [TD]

u

[/TD] [TD]

2.468

[/TD] [TD]

u

[/TD] [TD]

u

[/TD] [TD]

u

[/TD] [/TD] [/TR] [TR] [TD]

Greece

[/TD] [TD]

15.122

[/TD] [TD]

6.4

[/TD] [TD]

366.87

[/TD] [TD]

57.32

[/TD] [TD]

18.361

[/TD] [TD]

9.8

[/TD] [TD]

424.99

[/TD] [TD]

43.37

[/TD] [/TD] [/TR] [TR] [TD]

United

United States of America

[/TD] [TD]

2.329

[/TD] [TD]

11.7

[/TD] [TD]

587.76

[/TD] [TD]

50.24

[/TD] [TD]

2.333

[/TD] [TD]

u

[/TD] [TD]

u

[/TD] [TD]

u

[/TD] [/TR] [TR] [TD]

United Kingdom

[/TD] [TD]

62.282

[/TD] [TD]

8.5

[/TD] [TD]

591.39

[/TD] [TD]

69.58

[/TD] [TD]

64.414

[/TD] [TD]

8.3

[/TD] [TD]

609.97

[/TD] [TD]

73.49

[/TD] [/TD] [/TR] [TR] [TD]

Israel

[/TD] [TD]

22.813

[/TD] [TD]

3.2

[/TD] [TD]

450.84

[/TD] [TD]

140.89

[/TD] [TD]

16.620

[/TD] [TD]

4.0

[/TD] [TD]

572.82

[/TD] [TD]

143.21

[/TD] [/TD] [/TR] [TR] [TD]

Italy

[/TD] [TD]

1.223

[/TD] [TD]

5.1

[/TD] [TD]

398.06

[/TD] [TD]

78.05

[/TD] [TD]

2.620

[/TD] [TD]

6.1

[/TD] [TD]

414.73

[/TD] [TD]

67.99

[/TD] [/TD] [/TR] [TR] [TD]

Lebanon

[/TD] [TD]

2.396

[/TD] [TD]

4.7

[/TD] [TD]

595.21

[/TD] [TD]

126.64

[/TD] [TD]

2.101

[/TD] [TD]

u

[/TD] [TD]

u

[/TD] [TD]

u

[/TD] [/TD] [/TR] [TR] [TD]

Norway

[/TD] [TD]

1.145

[/TD] [/TD] [TD]

u

[/TD] [TD]

u

[/TD] [TD]

u

[/TD] [TD]

2.421

[/TD] [TD]

u

[/TD] [TD]

u

[/TD] [TD]

u

[/TD] [/TR] [TR] [TD]

Netherlands

[/TD] [TD]

2.071

[/TD] [TD]

6.3

[/TD] [TD]

449.92

[/TD] [TD]

71.42

[/TD] [TD]

1.738

[/TD] [TD]

8.8

[/TD] [TD]

722.78

[/TD] [TD]

82.13

[/TD] [/TD] [/TR] [TR] [TD]

Poland

[/TD] [TD]

14.049

[/TD] [TD]

5.9

[/TD] [TD]

435.24

[/TD] [TD]

73.77

[/TD] [TD]

21.054

[/TD] [TD]

5.1

[/TD] [TD]

386.87

[/TD] [TD]

75.86

[/TD] [/TD] [/TR] [TR] [TD]

Sweden

[/TD] [TD]

1.546

[/TD] [TD]

10.7

[/TD] [TD]

563.82

[/TD] [TD]

52.69

[/TD] [TD]

1.274

[/TD] [TD]

u

[/TD] [TD]

u

[/TD] [TD]

u

[/TD] [/TR] [TR] [TD]

Fineland

[/TD] [TD]

486

[/TD] [TD]

u

[/TD] [TD]

u

[/TD] [TD]

u

[/TD] [TD]

u

[/TD] [TD]

u

[/TD] [TD]

663

[/TD] [TD]

u

[/TD] [TD]

u

[/TD] [TD]

u

[/TD] [/TR] [TR] [TD]

Other Countries

[/TD] [TD]

35.079

[/TD] [TD]

7.5

[/TD] [TD]

554.49

[/TD] [TD]

73.93

[/TD] [TD]

37.518

[/TD] [TD]

6.5

[/TD] [TD]

541.30

[/TD] [TD]

83.28

[/TD] [/TR]




u: data with reduced reliability.

Methodological Information

Definitions

Tourists: Visitors staying at least one night in Cyprus.

Tourist arrivals: The term refers to the number of visits and not to the number of persons. This differs in the sense that a person may make more than one visit in the given reference period.

Tourism receipts: Refers to the revenue generated by tourists during their trip to Cyprus.

Data Source and Coverage

The data on tourist expenditure are derived from the Travelers' Survey, which is conducted at the departure lounges of Larnaca and Paphos airports. The data is collected through personal interviews using an electronic questionnaire (CAPI - Computer Assisted Personal Interviewing method).

The data refers to the areas controlled by the State. They do not include travellers arriving and departing illegally through ports and airports in the occupied area of Cyprus.

For more information, interested parties can visit the Statistical Service Portal, under Tourism, CYSTAT-DB (Database), Predefined Tables (Excel), Methodological Information or contact Ms. Loukia Panagidou by phone at 22602152 or by email lpanagidou@cystat.mof.gov.cy.

(MS/NYAN)
Contents of this article including associated images are owned by PIO
Views & opinions expressed are those of the author and/or PIO

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