Causality between business travel and trade volumes: Empirical evidence from Hong Kong

Cross‐border tourism: Case study of inbound Russian visitor arrivals to China

“…This empirical finding also suggests that increase in Chinese cities' export volumes would increase the number of cross‐border Russian visitors (mainly business travellers). Intuitively, the economic linkages would yield more business travel between countries (Tsui et al, ; Tsui & Fung, ).…”

Forecasting Air Passenger Volume in Singapore: Determining the Explanatory Variables for Econometric Models

“…An ARIMAX econometric model has been employed to forecast Hong Kong air passenger demands (Tsui, Ozer Balli, Gilbey, & Gow, 2014). They also analyzed and proved the causality relationship between trade and travel volumes by using Engle-Granger vector autoregressive model (Tsui & Fung, 2016). The TVP (time varying parameter) model was shown to provide more accurate preceded forecasts than other econometric models (Song & Witt, 2003).…”

Analysing passenger network changes: The case of Hong Kong

“…In this region, Taipei/Taoyuan was the busiest route for HKIA over the years but showed a decline after 2005: passenger numbers fell from 6.56 million in 2005 to 6.06 million in 2012. This was as the result of the establishment of direct air links across the Taiwan Straits (Chang et al, 2011;Lau et al, 2012;Zhang et al, 2004;Tsui and Fung, 2015). In addition, HKIA's connectivity to the two key Chinese hubs (Shanghai/Pudong and Beijing) remained robust.…”

“…Hong Kong is one of the key international financial and banking centres worldwide and one of the main international hub airports in the Asia-Pacific region, as well as the gateway to the Pearl River Delta (PRD) in Mainland China (García-Herrero, 2011;Tsui et al, 2014). Hong Kong International Airport (HKIA) has maintained steady growth since its opening in July 1998, except for the periods covering the Asian economic crisis, the September 11 terrorist attacks in the United States (US), the outbreak of Severe Acute Respiratory Syndrome (SARS), and the global economic downturn (McKercher and Hui, 2004;Sadi and Henderson, 2000;Siu and Wong, 2004;Tsui et al, 2014;Tsui and Fung, 2015). These exogenous shocks caused significant declines in passenger traffic travelling through HKIA.…”

“…To date, a substantial body of literature has investigated various aspects relating to HKIA and Hong Kong's aviation sector such as tourist arrival demand and forecasting (Cheng, 2012;Cho, 2003;Song et al, 2003;Tsui et al, 2014), business travel (Tsui and Fung, 2015), air cargo hub status (Wang and Cheng, 2011;Zhang, 2003;Zhang et al, 2004), HKIA's performance and service standards (Lam et al, 2003(Lam et al, , 2009Tam and Lam, 2004), HKIA's network connectivity and competitiveness Park, 2003), and the Hong Kong aviation sector's economic contributions (Fung et al, 2006;Yeung et al, 2010). The important points arising from these studies are as follows:…”