February tourism revenue up 13% but Britons cut back on spending

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February tourism revenue up 13% but Britons cut...
 © BusinessMail 2018
By Stelios Orphanides

Cyprus’s revenue from tourism rose in February 13 per cent to €52.7m compared to the respective month of 2017 but tourists from UK drastically reduced their holiday budgets, the statistical service said.

In the first two months of the year, total revenue rose an annual 11 per cent to €91.1m, Cystat said in a statement on its website on Friday.

The increase in revenue was accompanied by an annual 23 per cent increase in arrivals in February, which resulted from an 8.4 per cent drop in average spending in tourist budgets to €519.43, Cystat said. Still,...


February tourism revenue up 13% but Britons cut back on spending


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