Revenue from tourist drop by an annual 5.8% in May

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Revenue from tourism in May declined by 5.8% or €17.1 million (mn) exceeding the percentage drop of 3.5% in tourist arrivals. According to data released on Friday by the Statistical Service of Cyprus revenue from tourism reached €277.6 mn in May 2019 compared to €294.7 mn in the respective month of the previous year. For the period of January – May 2019 revenue from tourism is estimated at €652.8 mn compared to €677.2 mn in the corresponding period of 2018, recording a …

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