| Author: | Tang, Chi Chong |
| Title: | Two essays on the distinctiveness of tourism of Macao SAR, China |
| Advisors: | Qiu, Richard (SHTM) |
| Degree: | DHTM |
| Year: | 2025 |
| Subject: | Tourism -- China -- Macau (Special Administrative Region) Gambling -- China -- Macau (Special Administrative Region) Casinos -- Economic aspects -- China -- Macau (Special Administrative Region) Heritage tourism -- Economic aspects -- China -- Macau (Special Administrative Region) Hong Kong Polytechnic University -- Dissertations |
| Department: | School of Hotel and Tourism Management |
| Pages: | v, 157 pages : color illustrations |
| Language: | English |
| Abstract: | Macao is a small and open economy heavily reliant on tourism. With its rich culture and historical ties to Portuguese-speaking countries, Macao stands out as a unique destination. Unlike other cities, it possesses advantages, uniqueness, and distinctiveness that competitors cannot easily replicate. Being the only city in China where gaming is permitted, Macao enjoys a special economic status. The gaming industry has provided significant resources for tourism development. Gaming revenue fuels non-gaming elements within the hospitality and tourism sectors. Additionally, Macao's blend of historical Portuguese elements adds to its allure, creating an attractiveness that sets it apart from competitors. This thesis is divided into two parts. The first investigates Macao SAR's unique economic status, exploring how its gaming industry influences economic performance and contributes to alternative policies beyond traditional monetary measures. Despite forgoing a monetary policy due to its linked exchange rate with Hong Kong Dollars, Macao SAR's influential gaming industry offers alternative approaches to managing economic fluctuations, akin to the impacts of fiscal and monetary policies. Our findings demonstrate that it is possible to use tourism-related policies, such as changes in net gaming revenue, to generate widespread economic impact similar to the effects achieved by monetary and fiscal policies. Additionally, given its role as a cultural hub connecting Chinese and Portuguese cultures, understanding the inflow of visitors from Portuguese-speaking countries can reinforce the city's position as this vital bridge. The thesis results indicate that changes in net gaming revenue can serve as an alternative policy to influence overall economic performance. Furthermore, the paper's findings reveal that visitors from Portuguese-speaking countries exhibit distinct travel patterns, highlighting the heterogeneity across different nations. This diversity aligns with the idea that Portuguese-speaking countries vary significantly. Although this paper focuses on Macao SAR, China, the insights it provides can be applied to other cities as well. In the context of an economy with a pillar industry, leveraging that industry can yield widespread economic impact akin to fiscal and monetary policies. This novel insight in economics encourages researchers and policymakers to explore alternative approaches beyond traditional fiscal and monetary policies. Furthermore, our understanding of the historical relationship between Macao SAR and Portuguese-speaking countries has deepened. By analyzing the factors influencing travel intentions among visitors from these Portuguese-speaking countries, we can tailor policies to meet their specific needs. By strategically leveraging the historical Portuguese elements in Macao SAR, the city can become a more popular destination for visitors. This distinctive cultural feature provides Macao with a unique competitive advantage to other cities. As a result, visitors from different parts of the world will be attracted to the city for sightseeing purposes. Although they may not initially be interested in gaming, they can still be encouraged to participate in gaming activities. This policy is likely to increase the city's net gaming revenue, which is especially important during business cycles, as the impact generated is of a larger magnitude and longer lasting. |
| Rights: | All rights reserved |
| Access: | restricted access |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| 8706.pdf | For All Users (off-campus access for PolyU Staff & Students only) | 1.26 MB | Adobe PDF | View/Open |
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