A time to change : an 18-month investigation into the impact of political changes and macro-economic pressures on the Hong Kong tourism and hotel industry (1997-1998)

Abstract

This dissertation examines how various factors have placed the Hong Kong tourism and hotel industries under pressure. Many contributory factors were the macro-level financial storm known as 'the Asian Economic Crisis', which directly affected regional and international travellers coming to Hong Kong. Other factors with local implications were embedded during the British colonial rule and have long been a part of the Hong Kong economy such as the stock and real-estate markets. When this 'bubble economy' was pierced and deflated, the impact could be felt in all business sectors. The new century is an opportune time for changes.For example, sustainable resolutions should be collaborations involving the SAR Government and the tourism and hotel industry to ensure the support of the practitioners. A renewed commitment to quality service-centred career training through application oriented hospitality education programs will help provide the catalyst needed to help the Hong Kong tourism and hotel industry rebound.

Date of Award	2004
Original language	English