Revenue from tourism in Cyprus reached 1.2 billion euros ($AUD 1.8 Billion) for the period of January-July 2022, more than doubling the revenue in the same period last year. Increased revenue was thanks to the recovery of tourist arrivals, despite the loss of Russian tourists – Cyprus’ second largest market-, due to the war in Ukraine and resulting Western sanctions against Moscow.

On the basis of the Passenger Survey by the Statistical Service of Cyprus (CyStat), revenue from tourism reached 381.7 million euro ($AUD576.7 million) in July compared to 245.7 million euro ($AUD 388.14 million) in July 2021, recording an increase of 55.4 per cent.

Revenue from tourists in the first seven months of 2022 amounted to 85 per cent of the respective period in 2019, Cyprus’ historic tourism record year, and 80 per cent of the tourism revenue for the whole of 2021.

Tourism arrivals in January-July amounted to 1.67 million, compared with 0.64 million in the respective period of 2021.