Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/26648
Title: Measuring returns on Hong Kong's tourism marketing expenditure
Authors: Zhang, HQ 
Kulendran, N
Song, H 
Keywords: Cost-effectiveness ratio
Dynamic models
Hong Kong
Inbound tourism
Tourism promotion
Issue Date: 2010
Publisher: IP Publishing Ltd
Source: Tourism economics, 2010, v. 16, no. 4, p. 853-865 How to cite?
Journal: Tourism economics 
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.
URI: http://hdl.handle.net/10397/26648
ISSN: 1354-8166
EISSN: 2044-0375
DOI: 10.5367/te.2010/0002
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