Considering the impact of relative prices on tourism demand, only in the cases of five countries were relative prices found to be significant in the tourism demand for Turkey. In the cases of Belgium, Bulgaria and Russia with the expected negative sign while in the cases of Denmark and Switzerland the impact of relative prices were found to be highly elastic at the 1 percent significance level, but with a opposite positive sign. The positive relative price elasticity in these countries can be explained by the “all inclusive” type of tourism which has become quite popular in last decade where in the case of advanced payment for the forthcoming holiday the effect of price change on the tourism demand can be significantly decreased. It is difficult to examine the price elasticity of tourists in the rest of the countries as there is not enough evidence on the estimates' significance. This means that relative prices in Turkey do not play an important role in decision-making about holidays for the tourists of these countries.