Investor Presentaiton
Tourism: a long-standing contributor in economy
Tourist arrivals, million
Revenues from tourism, EUR million
4,0
3.000
3,5
2019
3,0
2017
2,5
2015
2,0
2013
2019
2.500
2017
2.000
2015
2013
1.500
1,5
1.000
1,0
500
0,5
0,0
0
Jan Feb Mar
Apr May Jun Jul
Aug Sep Oct Nov Dec
Jan Feb Mar Apr May Jun Jul
Aug Sep Oct Nov Dec
• Arrivals and revenues in the first months of 2019 at similar levels as the respective period of 2018.
• Arrivals in 2018 reached an all-time record of 4 million persons. Efforts to enhance the tourism sector including through
prolonged seasonality period and better flight connectivity contributed to the increase in inbound tourism.
• The origin of tourists has diversified over time with tourists from the UK representing 34% of arrivals in 2018, down
from 56% of arrivals in 2005. The second largest origin market in 2018 was Russia with 20% of arrivals.
• Revenues have increased at a lower rate than the increase in arrivals due to travel characteristics such as length of stay
and forms of travel eg. all-inclusive packages.
Source: Cyprus Statistical Service
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