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The lodging industry’s contribution to Hong Kong’s gross domestic product

The lodging industry’s contribution to Hong Kong’s gross domestic product Focuses on the estimation of the contribution of the hotel industry to Hong Kong's gross domestic product (GDP) and an analysis of the factors influencing the hotel industry's recent and likely future contribution to the GDP. The investigation also covers a method of speeding up the calculation of the hotel industry's contribution to GDP. It has been found that the hotel industry constituted about 1 per cent of the GDP, and the value added per capita in the hotel industry's work force was close to the overall average. The research further estimates that the cumulative loss in the hotel industry's GDP due to the recent Asian financial crisis and the 1997 handover issue has reached HK$28.8 billion. The adjusted short-term forecast predicts that the value added contributed by the local hotel industry will be approximately HK$54,361 million by the year 2000. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Contemporary Hospitality Management Emerald Publishing

The lodging industry’s contribution to Hong Kong’s gross domestic product

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References (42)

Publisher
Emerald Publishing
Copyright
Copyright © 2000 MCB UP Ltd. All rights reserved.
ISSN
0959-6119
DOI
10.1108/09596110010307314
Publisher site
See Article on Publisher Site

Abstract

Focuses on the estimation of the contribution of the hotel industry to Hong Kong's gross domestic product (GDP) and an analysis of the factors influencing the hotel industry's recent and likely future contribution to the GDP. The investigation also covers a method of speeding up the calculation of the hotel industry's contribution to GDP. It has been found that the hotel industry constituted about 1 per cent of the GDP, and the value added per capita in the hotel industry's work force was close to the overall average. The research further estimates that the cumulative loss in the hotel industry's GDP due to the recent Asian financial crisis and the 1997 handover issue has reached HK$28.8 billion. The adjusted short-term forecast predicts that the value added contributed by the local hotel industry will be approximately HK$54,361 million by the year 2000.

Journal

International Journal of Contemporary Hospitality ManagementEmerald Publishing

Published: Apr 1, 2000

Keywords: Value added; Hong Kong; Tourism

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