Abstract
The objective of this study is to estimate the per dollar return on tourism marketing expenditure by the Hong Kong Tourism Board in major tourism markets, based on the dynamic modelling approach and cost-effectiveness ratios. The study finds that the estimated costeffectiveness ratios for the major inbound tourism markets of Australia, China, the USA, the UK, South Korea and Singapore are positive, and that the estimated per dollar returns on tourism marketing expenditure are 9.5:1, 15:1, 2.5:1, 2.8:1, 7.2:1 and 8.7:1, respectively. The results suggest that in order to increase the tourist receipts from these markets, it is necessary to develop different and specific marketing strategies to attract tourists from each market.
Original language | English |
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Pages (from-to) | 853-865 |
Number of pages | 13 |
Journal | Tourism Economics |
Volume | 16 |
Issue number | 4 |
DOIs | |
Publication status | Published - 1 Dec 2010 |
Keywords
- Cost-effectiveness ratio
- Dynamic models
- Hong Kong
- Inbound tourism
- Tourism promotion
ASJC Scopus subject areas
- Geography, Planning and Development
- Tourism, Leisure and Hospitality Management