Cyprus to earn 1.8 billion euro from tourism in 2011

Total revenue from tourism until the end of July was 951.4 million euro according to the Republic’s Statistical Services, an increase of 17.5% or 142 million from the same period last year. The new figures were presented yesterday by the chairman of Cyprus Tourism Organisation Alecos Oroniotis. He explained that the increase is due to the good job done by the organisation and the fact that the economies of the main markets targeted Russia, Germany and Scandinavian countries are moving in a positive direction. During the first 7 months of 2011, the number of arrivals from Russia increased by 60% and from Germany by 17% compared to last year. Moreover he added that they are also optimistic about the winter season and that it is expected that the total tourism revenue for this year will add up to 1.8 billion euro.