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Hong Kong Tourism Report Q3 2016

  • May 2016
  • -
  • Business Monitor International
  • -
  • 33 pages

Includes 3 FREE quarterly updates

BMI View: Hong Kong is home to a well-developed and mature tourism market. The country attracts highvolumes of visitors from mainland China, and as a major regional travel hub also welcomes many visitorsfrom throughout the Asia Pacific region and beyond. Tourism infrastructure is modern, including anextensive public transport network and one of the largest and busiest airports in the world. The governmentcontinues to invest in transport infrastructure, while high visitor numbers and solid occupancy rates meaninvestors remain interested in the hotel sector despite high real estate costs. While there are some potentialdownside risks, particularly in terms of a fall in arrivals from China, overall the outlook for Hong Kong'stourism industry remains highly positive.

Key Updates And Forecasts

- China remains the largest single source market for inbound arrivals to Hong Kong, accounting for around80% of arrivals in 2016. We do note, however, that visitor numbers have been impacted by politicaldisagreements, with the chief of Hong Kong's Professional Tourist Guides General Union, Yu Li-Hua,reporting that tour groups in January 2016 numbered 3,729 compared with 11,575 in January 2015.

- As well as opening a new concourse at Hong Kong International Airport (HKIA), the territory continuesto expand the number of regional and global flight connections on offer. Hong Kong Airlines, whichruns around 80% of its flights from the new concourse, is adding six new flights to Beijing and five newflights to Hanoi in May, and low-cost carrier HK Express is planning new flights to Japan from June orJuly 2016.

- As a mature market, Hong Kong's inbound market is already huge (with more than 63mn arrivalsprojected for 2016), and overall we are forecasting a slow but steady increase in arrivals to Hong Kongbetween 2016 and 2020. This will have a positive impact on tourism-related expenditure, which isforecast to reach USD54.4bn in 2020.

Table Of Contents

Hong Kong Tourism Report Q3 2016
BMI Industry View 5
Table: Key Forecasts (Hong Kong 2013-2020) 5
Tourism 7
Industry Forecast 9
Table: Inbound Tourism (Hong Kong 2013-2020) 13
Table: Tourism Receipts (Hong Kong 2013-2020) 15
Table: Hotel Accommodation (Hong Kong 2013-2020) 17
Table: Tourist Departures and Consumption (Hong Kong 2013-2020) 18
Industry Risk/Reward Index 19
Table: Asia Tourism Risk/Reward Index 19
Rewards 20
Risks 20
Market Overview 22
Competitive Landscape 27
Domestic Hotel Groups 27
Table: Domestic Hotels 27
International Hotel Groups 28
Table: International Hotel Groups 28
Methodology 30
Industry Forecast Methodology 30
Risk/Reward Index Methodology 31
Table: Weighting Of Indicators 33

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