Cyprus tourism income drops first time in five years

Recession-hit Cyprus recorded a 2.8 percent drop in tourism revenue last year in the first decline since 2009, official data showed on Friday. Income fell to 2.02 billion euros ($2.26 billion) from 2.08 billion euros in 2013. That came despite a 1.5 percent rise in arrivals for the year and a 16.1 percent spike in December revenues from 37.6 million euros that month in 2013 to 43.7 million euros. Israelis were the biggest spenders in December at an average of 155.80 a day, while Finns were the most frugal at 25.20 euros.