tourism spending trends

Cyprus Tourism Revenue Dip in January with a Rise in Per Capita Expenditure

Key Takeaways: Cyprus Tourism Revenue and Per Capita Expenditure In January 2024, Cyprus saw a slight dip in tourism revenue, totaling €45.2 million, but an increase in per capita expenditure to €513.52, indicating a focus on attracting higherspending tourists and offering premium services and experiences to offset the drop in visitor numbers. Despite fewer tourists, the rise in spending per visitor suggests a strategic shift towards quality over quantity in the tourism sector, potentially boosting the overall economic impact of tourism on Cyprus.