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

Gang Li, Haiyan Song, Zheng Cao, Doris Chenguang Wu

Research output: Journal article publicationJournal articleAcademic researchpeer-review

33 Citations (Scopus)

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
Number of pages10
JournalTourism Management
Volume36
DOIs
Publication statusPublished - 1 Jun 2013

Keywords

  • Competitiveness
  • Hong Kong
  • System model
  • Tourism demand

ASJC Scopus subject areas

  • Development
  • Transportation
  • Tourism, Leisure and Hospitality Management
  • Strategy and Management

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