August revenue from tourism down 7.2 per cent y-o-y

Revenue from tourism fell 7.2 per cent in August compared with 2013 to €324.3 million even as arrivals rose 5.9 per cent in the same month, the statistical service said.

Between January and August, revenue from tourism rose 2.8 per cent to €1.4 billion compared with the respective period last year, Cystat said in a statement on Friday.

The London-based World Travel and Tourism Council estimates the contribution of tourism to Cyprus’ economy at 25 per cent this year.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.