University of Surrey

Test tubes in the lab Research in the ATI Dance Research

Recovery of Tourism Demand in Hong Kong from the Global Financial and Economic Crisis

Chon, K, Li, G, Lin, S and Gao, Z (2010) Recovery of Tourism Demand in Hong Kong from the Global Financial and Economic Crisis Journal of China Tourism Research, 6 (3). 259 - 278. ISSN 1938-8160

[img]
Preview
PDF
financial crisis JCTR-22210_Chon SRI version.pdf - Accepted Version
Available under License : See the attached licence file.

Download (696Kb)
[img] Plain Text (licence)
licence.txt

Download (1516b)

Abstract

Recovery of Tourism Demand in Hong Kong from the Global Financial and Economic Crisis Abstract: This study aims to predict the recovery of the Hong Kong tourism industry from the current global financial and economic crisis. Based on the latest statistics available, this study provides updated forecasts of tourist arrivals to Hong Kong from 10 key source markets over the period 2010-2015. The forecasts include annual and quarterly forecasts of tourist arrivals and the market shares of the source markets concerned. An econometric method is used to estimate the demand elasticities as well as their confidence intervals, followed by the interval demand predictions. The total tourist arrivals to Hong Kong are projected to reach 53.8 million by 2015 with the interval forecasts between 38.4 and 74.4 million, representing an annual growth of 10.48% on average against 2009, with an interval ranging from 4.44% to 16.60%. As far as individual source markets are concerned, their demand recovery takes varying paces. Overall, tourism demand in Hong Kong is relatively resilient to the global financial and economic crisis.

Item Type: Article
Additional Information: This is an electronic version of an article published in Journal of China Tourism Research, 6(3), 259-278 (2010). Journal of China Tourism Research is available online at: http://www.tandfonline.com/loi/wctr20
Divisions: Faculty of Business, Economics and Law > Hospitality and Tourism Management
Depositing User: Symplectic Elements
Date Deposited: 26 Jul 2012 10:22
Last Modified: 23 Sep 2013 18:49
URI: http://epubs.surrey.ac.uk/id/eprint/7590

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year


Information about this web site

© The University of Surrey, Guildford, Surrey, GU2 7XH, United Kingdom.
+44 (0)1483 300800