AGL 38.26 Increased By ▲ 0.56 (1.49%)
AIRLINK 141.00 Increased By ▲ 6.43 (4.78%)
BOP 5.44 Decreased By ▼ -0.03 (-0.55%)
CNERGY 3.84 No Change ▼ 0.00 (0%)
DCL 7.60 Increased By ▲ 0.17 (2.29%)
DFML 46.19 Increased By ▲ 0.72 (1.58%)
DGKC 77.50 Decreased By ▼ -0.50 (-0.64%)
FCCL 29.28 Decreased By ▼ -0.01 (-0.03%)
FFBL 56.50 Increased By ▲ 0.50 (0.89%)
FFL 8.60 Increased By ▲ 0.05 (0.58%)
HUBC 98.69 Increased By ▲ 1.45 (1.49%)
HUMNL 14.10 Decreased By ▼ -0.09 (-0.63%)
KEL 3.83 Decreased By ▼ -0.07 (-1.79%)
KOSM 7.39 Increased By ▲ 0.60 (8.84%)
MLCF 36.70 Increased By ▲ 0.40 (1.1%)
NBP 68.90 Decreased By ▼ -0.80 (-1.15%)
OGDC 169.50 Increased By ▲ 2.50 (1.5%)
PAEL 25.40 Increased By ▲ 0.07 (0.28%)
PIBTL 6.56 Decreased By ▼ -0.18 (-2.67%)
PPL 131.00 Increased By ▲ 0.50 (0.38%)
PRL 25.11 Decreased By ▼ -0.28 (-1.1%)
PTC 15.64 Increased By ▲ 0.39 (2.56%)
SEARL 58.00 Increased By ▲ 0.30 (0.52%)
TELE 6.90 Increased By ▲ 0.11 (1.62%)
TOMCL 35.24 Increased By ▲ 0.45 (1.29%)
TPLP 7.73 Increased By ▲ 0.13 (1.71%)
TREET 14.10 Increased By ▲ 0.19 (1.37%)
TRG 44.69 Decreased By ▼ -0.31 (-0.69%)
UNITY 25.41 Increased By ▲ 0.33 (1.32%)
WTL 1.21 No Change ▼ 0.00 (0%)
BR100 9,152 Increased By 84.1 (0.93%)
BR30 27,234 Increased By 208.3 (0.77%)
KSE100 85,840 Increased By 579 (0.68%)
KSE30 27,234 Increased By 222.5 (0.82%)

Cyprus saw its best ever receipts from tourism in 2016, data showed Wednesday, in a record year for the Mediterranean holiday island considered a regional safe haven. Tourism income last year reached 2.36 billion euros ($2.48 billion) compared to 2.11 billion in 2015, an 11.9 percent increase, according to official data. The previous spending record by holidaymakers was 2.17 billion euros in 2001. Last year's increase was also the biggest annual percentage rise since 2011.
The surge in tourist spending coincides with a record year in arrivals, with more than 3.18 million people visiting Cyprus last year.
The Cyprus Tourism Organisation, whose figures do not cover the breakaway north of the island, hailed "the excellent results".
It said "the increase in revenue was achieved despite the 6.6 percent decrease in the average expenditure per traveller... largely due to the global trend for reduced length of stay observed".
The island has benefited from a surge in arrivals from its largest markets Britain and Russia as well as a revival in those coming from Greece and Israel.
Cyprus is seen as a safe haven for tourists, with other traditionally popular destinations in the eastern Mediterranean having been hit by political upheaval and security fears.
The influx is a boon for Cyprus, which has returned to growth following a 10-billion-euro rescue package to save its crumbling economy and insolvent banks in March 2013.

Comments

Comments are closed.