ECONOMY

Cypriot tourism receives boost from higher spending

Cyprus’s tourism income increased 2.1 percent in June compared to the same month in 2012, offering some rare good news for the recession-hit economy, official figures showed on Wednesday.

The rise in tourism spending in June is a welcome boost for the island’s shell-shocked economy that is relying on tourism to help it exit a deep recession.

Revenue from tourism reached 259.6 million euros in June compared to 254.5 million in the same month last year.

Improved spending was recorded despite a 6.6 percent dip in tourist arrivals. [AFP]