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Estimating the Impact of Economic Factors on Tourism: Evidence from Hong Kong

Author

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  • Raymond Y.C. Tse

    (Department of Building and Real Estate, Hong Kong Polytechnic University, Hung Hom, Hong Kong. Fax: +852 27645131)

Abstract

This study examines issues relating to the impact of economic factors on tourist expenditure and hotel room occupancy rate. The article first presents an overview of the tourism industry in Hong Kong, an examination of the particular aspects of the tourism industry, and an estimate of tourist spending and hotel room occupancy rates. Using an expectations model, real tourism expenditure is found to depend on expected income, expected exchange rate and price level. The results of the article also reveal that the equilibrium hotel occupancy rate is a function of tourist flows, exchange rates, price level and length of stay.

Suggested Citation

  • Raymond Y.C. Tse, 2001. "Estimating the Impact of Economic Factors on Tourism: Evidence from Hong Kong," Tourism Economics, , vol. 7(3), pages 277-293, September.
    • Handle: RePEc:sae:toueco:v:7:y:2001:i:3:p:277-293
    DOI: 10.5367/000000001101297874
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    Cited by:

    1. Syed Ali & Christopher Nsenje, 2017. "The Impact of Exchange Rate Volatility on Hospitality Industry – A Study in Lusaka Province of Zambia," International Journal of Economics and Financial Research, Academic Research Publishing Group, vol. 3(11), pages 282-288, 11-2017.
    2. Fred Henneberger & Alexandre Ziegler, 2003. "Aussenhandel und Auslandsproduktion im Dienstleistungssektor: Theorie und Empirie der Beschäftigungseffekte für die schweizerische Tourismusbranche," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 139(IV), pages 535-561, December.
    3. Song, Haiyan & Lin, Shanshan & Witt, Stephen F. & Zhang, Xinyan, 2011. "Impact of financial/economic crisis on demand for hotel rooms in Hong Kong," Tourism Management, Elsevier, vol. 32(1), pages 172-186.
    4. Deluna, Roperto Jr & Jeon, Narae, 2014. "Determinants of International Tourism Demand for the Philippines: An Augmented Gravity Model Approach," MPRA Paper 55294, University Library of Munich, Germany.
    5. Tisdell, Clement A. & Bandara, Ranjith, 2003. "Wildlife-based recreation and local economic development: The case of the Pinnawala Elephant Orphanage in Sri Lanka," Economics, Ecology and Environment Working Papers 48965, University of Queensland, School of Economics.

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