The Influence of Incoming Tourists and Consumer Price Index on Tourism Receipts

Abstract

The main purpose of this study is to examine the relationship between tourism revenues, the number of international tourists and the consumer price index in selected African countries with high income in tourism. For this purpose, the period between 1995-2019 was included in the analysis and examined. Pedroni's long-term cointegration coefficient estimation method was used as a method in the research. According to the results of the analysis, it was concluded that there is a statistically significant long-term effect between tourism revenues, the number of international tourists and the consumer price index, while the number of international tourists has a positive effect, and the consumer price index has a negative effect. In other words, it is estimated that the increase in the number of international tourists increases tourism revenues, while the increase in the consumer price index decreases tourism revenues.