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]
