Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/62897
Title: Structural change in Hong Kong's inbound tourism demand model : the impact of the Asian financial crisis
Authors: Tan, YF
Wong, KF
Keywords: Asian financial crisis
Hong Kong tourism demand
Structural change
Issue Date: 2004
Publisher: Cognizant Communication Corporation
Source: Tourism review international, 2004, v. 7, no. 3, p. 123-128 How to cite?
Journal: Tourism review international 
Abstract: The purpose of this study was to examine the possibility of a structural change in Hong Kong's inbound tourism demand model as a consequence of the Asian financial crisis in 1997. Specifically, the study investigated the differences manifested in the model parameters before and after the crisis using pooled time-series and cross-sectional data. Both tourist arrivals and tourism receipts were used as the indicators for tourism demand, and the major economic factors included in the model were income and price. The Wald test procedure was used to examine the possibility of a structural change in tourism demand for Hong Kong between the pre- and postcrisis periods. The results support the hypothesis that structural shift was prevalent in Hong Kong's inbound tourism demand model. Thus, important marketing implications for the tourism industry in Hong Kong were discussed.
URI: http://hdl.handle.net/10397/62897
ISSN: 1544-2721 (print)
1943-4421 (E-ISSN)
DOI: 10.3727/1544272031437674
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