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Tourism is a fast growing industry in the world and will continue to be a major source of foreign exchange for the countries. North Cyprus has its own state, Turkish Republic of Northern Cyprus (TRNC), which is not internationally recognized other than mainland, the Republic of Turkey. Improving tourism industry was also at the agenda of the economic targets that have been set by “Five Year Development Plans ” (FYDP) in North Cyprus since 1978. But, these programs were not successful to bring an improvement and achieve sustainable development in the sector over the years. The study aims to put forward the developments in the tourism industry of North Cyprus since 1974. It seems that a solution to the Cyprus problem will be a sole remedy for Turkish Cypriots in achieving their economi