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

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.