COVID19: Cyprus tourism revenue at rock-bottom

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COVID19: Cyprus tourism revenue at rock-bottom
 © FinancialMirror 2020

Revenue generated from Cyprus tourism plunged 87.3% year on year to €235.6 mln for the first eight months, a clear marker the sector has been hardest hit by the coronavirus pandemic.

A mixture of national lockdowns and travel restrictions has decimated the island’s tourism industry which generated €2.68 bln last year on record 3.97 million tourist arrivals.

According to data released Friday by the Cyprus Statistical Service (Cystat) revenue from tourism for January – August 2020, is estimated at €235.6 mln from €1.85 bln in 2019.

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COVID19: Cyprus tourism revenue at rock-bottom


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