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October Tourism Revenue Jumps 12.3% yr/yr

october tourism revenue cyprusIncome from tourism rose significantly year/year by 12.3 percent to 175.5 million for the month of October, said the Cyprus Statistical Service.

And for the period January – October 2010 revenue from tourism is estimated at €1.446 billion compared to €1.389 billion during the same period in 2009.

The news follows last week's announcement that GDP for the third quarter was up 1.8 percent versus the same period in 2009 amid a fledgling recovery from last year's tough recession.

Meanwhile, CYSTAT also announced that the arrivals of tourists in November reached 92,643, an increase of 3.3 percent.

There was an increase of 10.6 percent in tourist arrivals from Germany (from 13,535 in November 2009 to 14,976 in November 2010) and a 26.4 percent increase from Russia (from 4.872 to 6.157 this year).

Less tourists came from the UK - a decrease of 16 percent to 30, 327 and Greece - a 4.7 percent decrease compared to last year, according to the survey.

For the period January – November 2010  2.1 million tourists visited the island - an increase of 1.8 percent - compared to 2.07 million during the same period in 2009, according to the survey.

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