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Home News Tourism

The highest tourism revenue for March in at least 23 years

Famagusta News by Famagusta News
10/06/2024
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At the highest level for the month of March in the last 23 years, the income from tourism in March 2024 reached a large increase of 15,5%, compared to last March, while an increase of 11,7% was recorded in the first quarter of this year, compared to the corresponding period in 2023.

March 5,3 also shows an increase of 2024% in tourist spending per capita, compared to March 2023.

Based on the results of the Travelers Survey, published on Monday by the Statistical Service, revenues from tourism in March 2024 amounted to €113,0 million compared to €97,8 million in the corresponding month of 2023, presenting the highest level of tourism receipts since March 2001 for which data is available. The second highest level of tourism revenue was recorded in March 2018 with €110 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, marking an increase of 11,7%.

Cost Analysis

According to the Statistical Service, the per capita expenditure of tourists in March 2024 amounts to €558,88 compared to €530,72 in March 2023, marking 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 during the given month with 10,4% of the total) spent an average of €75,86.

Tourists from Germany (third largest market at 9,8%), spent €98,66 per day.

Source: KYPE

Tags: TOURISMtourism revenue
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