How competitive is Hong Kong against its competitors? An econometric study

Gang Li; Haiyan Song; Zheng Cao; Doris Wu

doi:10.1016/j.tourman.2012.11.019

How competitive is Hong Kong against its competitors? An econometric study

Gang Li, Haiyan Song, Zheng Cao, Doris Wu

Aston Business School

Research output: Contribution to journal › Article › peer-review

Abstract

This study utilizes almost ideal demand system (AIDS) models to examine Hong Kong's competitiveness as an international tourist destination in comparison with its competitors. The empirical findings of the study shed new light on the destination competitiveness literature and demonstrate that a destination's competitiveness should be examined from a market-specific perspective. The results also suggest that Hong Kong is more competitive than Macau, particularly in terms of its ability to attract Australian and mainland Chinese tourists, while price elasticity calculations suggest Singapore and South Korea are more competitive than Hong Kong.

Original language	English
Pages (from-to)	247-256
Journal	Tourism Management
Volume	36
DOIs	https://doi.org/10.1016/j.tourman.2012.11.019
Publication status	Published - 2013

Bibliographical note

Keywords

Competitiveness
System model
Tourism demand
Hong Kong

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10.1016/j.tourman.2012.11.019

Hong Kong competitiveness
© 2013, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/
Accepted author manuscript, 446 KBLicence: CC BY-NC-ND 3.0

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abstract = "This study utilizes almost ideal demand system (AIDS) models to examine Hong Kong's competitiveness as an international tourist destination in comparison with its competitors. The empirical findings of the study shed new light on the destination competitiveness literature and demonstrate that a destination's competitiveness should be examined from a market-specific perspective. The results also suggest that Hong Kong is more competitive than Macau, particularly in terms of its ability to attract Australian and mainland Chinese tourists, while price elasticity calculations suggest Singapore and South Korea are more competitive than Hong Kong.",

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AU - Li, Gang

AU - Song, Haiyan

AU - Cao, Zheng

AU - Wu, Doris

PY - 2013

Y1 - 2013

N2 - This study utilizes almost ideal demand system (AIDS) models to examine Hong Kong's competitiveness as an international tourist destination in comparison with its competitors. The empirical findings of the study shed new light on the destination competitiveness literature and demonstrate that a destination's competitiveness should be examined from a market-specific perspective. The results also suggest that Hong Kong is more competitive than Macau, particularly in terms of its ability to attract Australian and mainland Chinese tourists, while price elasticity calculations suggest Singapore and South Korea are more competitive than Hong Kong.

AB - This study utilizes almost ideal demand system (AIDS) models to examine Hong Kong's competitiveness as an international tourist destination in comparison with its competitors. The empirical findings of the study shed new light on the destination competitiveness literature and demonstrate that a destination's competitiveness should be examined from a market-specific perspective. The results also suggest that Hong Kong is more competitive than Macau, particularly in terms of its ability to attract Australian and mainland Chinese tourists, while price elasticity calculations suggest Singapore and South Korea are more competitive than Hong Kong.

KW - Competitiveness

KW - System model

KW - Tourism demand

KW - Hong Kong

UR - https://www.sciencedirect.com/science/article/pii/S0261517712002324

U2 - 10.1016/j.tourman.2012.11.019

DO - 10.1016/j.tourman.2012.11.019

M3 - Article

SN - 0261-5177

VL - 36

SP - 247

EP - 256

JO - Tourism Management

JF - Tourism Management

ER -

How competitive is Hong Kong against its competitors? An econometric study

Abstract

Bibliographical note

Keywords

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