Nowadays the development of tourism has been focused in all countries by public and private economic planners. Almost all countries have progressively come to this reality that for improving economic conditions, it is urgent to find new techniques to enhance their revenues. The development of tourism industry, particularly for developing countries which are facing problems like unemployment, limited currency as well as single andndash;product economy, is very important. In countries which are facing domestic resource restrictions for economic development, using foreign resources for investment and increasing tourism revenues are essential. The present study has evaluated the effect of tourism revenues on foreign direct investment of 23 countries. Panel data Eco metrics consisting of 23 countries is used to study tourism revenues along with other influential variables on foreign direct investment during 2012-2014.The results have shown that the impact of tourism revenues on foreign direct investment is positive and also meaningful. The degree of economic openness and domestic gross production per capita on the amount of foreign direct investment are positive and meaningful too, but the rate of inflation on investment is negative and meaningful.