Tourism earnings reach $ 2.3 b in first 8 months

Tuesday, 15 October 2019 00:30 - - {{hitsCtrl.values.hits}}

August tourist earnings estimated at $ 270 m, compared to $ 376 m the previous year

In the first eight months of 2019 earnings from tourism were estimated at $ 2,380 million during the first eight months of 2019 compared to $ 2,971 million during the corresponding period of 2018, the Central Bank said yesterday.

Earnings from tourism were estimated at $ 270 million in August 2019, in comparison to $ 376 million in August 2018.

Tourist arrivals rose steadily recovering from the impact of the Easter Sunday attacks. Accordingly, arrivals increased by 24.1% to 143,587 in August 2019 from 115,701 in July 2019. Meanwhile, the year-on-year decline of arrivals narrowed to 28.3% in August 2019 compared to the drop of 46.9% in July and 57% in June 2019.

The decline in the number of tourists from key destinations such as China, the United Kingdom, France and Germany mainly contributed to the drop in tourist arrivals on year-on-year basis.

Remittances decline 7.6%

Trade deficit drops down by $ 2.3 b