A web-based Hong Kong tourism demand forecasting system

Haiyan Song, Zixuan Gao, Xinyan Zhang, Shanshan Lin

Research output: Journal article publicationJournal articleAcademic researchpeer-review

1 Citation (Scopus)

Abstract

Accurate predictions of future business activities are important for business decision-makings. As a consequence, powerful and simple forecasting processes are urgently pursued by decision-makers. This study presents a tourism demand forecasting system for Hong Kong based on the web techniques to help relevant stakeholders make better decisions within the tourism industry. The system generates the forecasts of tourist arrivals, tourist expenditure, demand for hotel rooms, sectoral demand and outbound tourist flows. The autoregressive distributed lag (ADL) model is employed by this web-based forecasting system. ADL model relates a set of influencing factors to the demand for tourism, and generates both statistical as well as scenario forecasts of tourism demand in Hong Kong. In addition, the system also allows users' adjustments to the statistical forecasts.
Original languageEnglish
Pages (from-to)275-291
Number of pages17
JournalInternational Journal of Networking and Virtual Organisations
Volume10
Issue number3-4
DOIs
Publication statusPublished - 1 Apr 2012

Keywords

  • Autoregressive distributed lag model
  • Forecasting system
  • Hong Kong
  • Scenario analysis
  • Tourism demand
  • Web techniques

ASJC Scopus subject areas

  • Computer Science Applications
  • Computer Networks and Communications
  • Strategy and Management
  • Information Systems and Management

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