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

Li, Gang, Song, Haiyan, Cao, Zheng and Wu, Doris (2013). How competitive is Hong Kong against its competitors? An econometric study. Tourism Management, 36 , pp. 247-256.

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.

Publication DOI: https://doi.org/10.1016/j.tourman.2012.11.019
Divisions: Aston Business School
Additional Information: © 2013, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/
Uncontrolled Keywords: Competitiveness,System model,Tourism demand,Hong Kong
Full Text Link:
Related URLs: https://www.sci ... 261517712002324 (Publisher URL)
Published Date: 2013
Authors: Li, Gang
Song, Haiyan
Cao, Zheng ( 0000-0002-3545-7313)
Wu, Doris

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