Jan-Aug tourism revenue plunges 87.3 per cent, visitor numbers 84% down

Revenue from tourism amounted just to €235.6 million for the period of January – August 2020, a precipitous fall of 87.3 per cent year on year, due to the pandemic.

According to data released by the statistical service (Cystat) revenue from tourism for the period January – August 2020, is estimated at €235.6m compared with €1.857 billion in the respective period of 2019.

Tourist arrivals in January – August 2020 plunged 84 per cent to 424,650 compared with 2.7 million in the respective period of 2019.

In August revenue from tourism was limited to €71.1m compared with €431.6m in August 2019, a decline of 83.5 per cent year on year.

Expenditure per person for August 2020 reached €681.81 compared with €779.31 in the corresponding month of the previous year, a decrease of 12.5 per cent.

Daily expenditure per person in August 2020 compared with August 2019 saw a decrease of 36.8 per cent (from €78.72 per day to €49.77 per day), Cystat added.