Tourism revenue hit new record of 312.1 million euro in August

Tourism revenue set a new record in August reaching 312.1 million euro. At 16.9%, this is the biggest annual increase in 13 months by 16.9%, data released Wednesday by Cyprus Statistical Service show.

Cyprus Tourism Organisation has expressed its satisfaction and optimism for the future in a press release issued after the data were released.

Data based on the Passenger Survey, show revenue from tourism increased to 312.1 million euro in August compared to 267 million euro in August 2011.

The period between January and August this year saw revenue reach 1,321.9 million euro compared to 1,218.4 million euro at the same period last year, recording an increase of 8.5%.

August tourism derived revenue is the greatest increase since July 2011 when revenue had recorded an increase of 18.8%.

The second biggest revenue from tourism was 306 million euro and was recorded in August 2007.

Tourism revenue for the first eight months of the year is satisfactory and a cause for optimism, CTO Director General Marios Hannides says.

At the same time, he assures CTO efforts continue, always in close cooperation with all tourism players in the island.

The aim is none other than to continue on a positive course boosting our economy at a time of need, he notes.

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