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


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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Divisions: College of Business and Social Sciences > Aston Business School
Additional Information: © 2013, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International
Uncontrolled Keywords: Competitiveness,System model,Tourism demand,Hong Kong
Publication ISSN: 1879-3193
Last Modified: 22 Apr 2024 07:22
Date Deposited: 19 Mar 2019 12:04
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Related URLs: https://www.sci ... 261517712002324 (Publisher URL)
PURE Output Type: Article
Published Date: 2013
Authors: Li, Gang
Song, Haiyan
Cao, Zheng (ORCID Profile 0000-0002-3545-7313)
Wu, Doris

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