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Forecasting Tourism demand in Cyprus

The aim of this essay is to make accurate forecasts for the Cyprus tourism demand. The necessity of these forecasts and the importance of tourism sector in Cyprus economic growth are in the front line of this work. These predictions can help the government and stakeholders to improve the economy and further develop this sector. In this empirical study, several models, already proposed by previously published articles on forecasting tourism demand, are applied. The reliability of the models is determined by three widely used forecast accuracy measures. Weighted forecast combinations are also employed in order to improve forecasting performance. Interesting outcomes and forecasts up to the end of 2018 are also presented.

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