Essays in tourism economics

  • Chew Ging Lee

Student thesis: Doctoral Thesis

Abstract

Eight of my papers are selected for this PhD by Publication. They are categorised into two themes: Theme 1 - “Tourism and economic growth nexus: Evidence from Singapore and China” and Theme 2 - “Understanding the pricing of hotel rooms in Singapore”.
The five papers included in Theme 1 analysed the tourism-led growth hypothesis for Singapore (Paper 1A – Paper 1D) and for China (Paper 1E). Paper 1A analysed only the interactions between international tourism and economic growth, but it was impossible to find evidence to support this hypothesis. The main finding of Paper 1B, healthcare development influences international tourism positively, forms the foundation of Paper 1C. International tourism has a positive effect on economic growth in a cointegrating regression was supported by Paper 1C when healthcare development was taken into account in the analysis. Combining the results of Granger causality and cointegration tests, Paper 1D indicated that international tourism influences economic growth indirectly through imports. Paper 1E illustrated the importance of domestic tourism in explaining the tourism-led growth hypothesis with the data of China because its domestic tourists are distributed more balanced spatially.
The three papers included in Theme 2 adopted different theoretical foundations to explain the movement of hotel room rates. Paper 2A to Paper 2C, using the data of Singapore, modelled hotel room rate determination with different approaches. Two of these papers (Paper 2A and Paper 2B) showed that international tourism has a positive effect on hotel room rates. Two of these papers (Paper 2B and Paper 2C) illustrated the importance of economic condition in influencing hotel room rates positively. One paper (Paper 2B) captured the negative impact of terrorist activities in the neighbouring countries on hotel room rates. The empirical finding of one paper (Paper 2C) recognised excess supply affects hotel room rates negatively.
Date of AwardAug 2021
Original languageEnglish
SupervisorLester Hunt (Supervisor)

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