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Title: Determinants of tourism hotel expenditure in Hong Kong
Authors: Cheung, C
Law , R
Keywords: Hong Kong
Regression analysis
Issue Date: 2001
Publisher: Emerald Group Publishing Limited
Source: International journal of contemporary hospitality management, 2001, v. 13, no. 3, p. 151-158 How to cite?
Journal: International journal of contemporary hospitality management 
Abstract: This paper reports on a study about applying regression techniques to identify the determinants and functional forms of tourism hotel expenditure in Hong Kong. Annual time series data from 1983 to 1997 of average room rate, the number of visitor arrivals, the service price index, and hotel accommodation rates were hypothesised to affect tourism hotel expenditure. Seven exogenous variables were selected for regression model development in both linear and log‐linear forms. In view of the potential problems of multicollinearity between the independent variables, and therefore the associated instability of the regression coefficients, stepwise regression analyses were employed to improve the initial model. Final empirical results showed that the hotel expenditure in Hong Kong could be explained by four of the seven exogenous variables. A log‐linear form of the regression model appeared to slightly outperform the linear form.
ISSN: 0959-6119
DOI: 10.1108/09596110110388945
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