Forecasting the Tourism Demand of North Cyprus

Abstract

This study analyzes the demand for tourism services in North Cyprus and makes demand projections. The findings of the regression analysis shows that there is a positive relationship between the number of tourists staying in tourist accommodations in North Cyprus and the real national income of the tourist generating country with a negative relationship between the volume of tourists from a given country and the relative prices of the two countries. The study continues with a trend analysis of tourism demand and uses the trend values in projecting annual as well as monthly tourist arrivals to North Cyprus.