Comparative Analysis of Development of Special Administrative Regions Hong Kong and Macao’ Tourist Potential (2000-2022)

Abstract

The article considers development of the tourist sector in Hong Kong and Macao in historical perspective, analyzes factors that influence the tourist potential of these South China regions. A brief characteristic of Hong Kong and Macao SARs’ tourist industry is given, local authorities policy on development and promotion of the two regions as a tourist destination, as well as primary results of the policy, are considered. Some similarity between the two regions in terms of location, natural and material resources is emphasized. By contrast, the authors point out fundamental differences of historical, cultural and political-economic development of the former European colonies and define them as a significant factor which determines the potential of their tourist development. The authors come to the conclusion about the much higher tourist potential of Hong Kong compared to Macao’s at the current stage. It appears that ensuring growth of the Macao’s tourist potential in the near future demands changing of paradigm of its economic development which should be based on rational short-term planning.