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

Gang Li, Haiyan Song, Zheng Cao, Doris Wu

Research output: Contribution to journalArticle

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 languageEnglish
Pages (from-to)247-256
JournalTourism Management
Volume36
DOIs
Publication statusPublished - 2013

Bibliographical note

© 2013, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/

Keywords

  • Competitiveness
  • System model
  • Tourism demand
  • Hong Kong

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