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2003•ResearchOnline - JCU (James Cook University)Requires access

The impact of business variables on Hong Kong's outbound travel market: an empirical analysis

Murray Prideaux, Adee Athiyaman

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Abstract

This paper models Hong Kong's outbound travel to other Asian countries using business indicators. Estimating the relationship between business indicators such as 'new business starts' and 'foreign travel' might (1) identify new variables for consideration in tourism demand equations (2) provide insight into the relationship between a nation's business environment and its residents overseas travel. The results of this research suggests that tourism demand models which use business indicators as independent variables explain more of the variation in outbound tourism than traditional 'national income' indicators.

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What this paper is about

This paper models Hong Kong's outbound travel to other Asian countries using business indicators. Estimating the relationship between business indicators such as 'new business starts' and 'foreign travel' might (1) identify new variables for consideration in tourism demand equations (2) provide insight into the relationship between a nation's business environment and its residents overseas travel. The results of this research suggests that tourism demand models which use business indicators as independent variables explain more of the variation in outbound tourism than traditional 'national income' indicators.

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Available abstract

This paper models Hong Kong's outbound travel to other Asian countries using business indicators. Estimating the relationship between business indicators such as 'new business starts' and 'foreign travel' might (1) identify new variables for consideration in tourism demand equations (2) provide insight into the relationship between a nation's business environment and its residents overseas travel. The results of this research suggests that tourism demand models which use business indicators as independent variables explain more of the variation in outbound tourism than traditional 'national income' indicators.

Key concepts: Tourism, Business travel, Business tourism, Business, Marketing, Variables, Tourism geography, Geography

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