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Hong Kong Tourism Report Q1 2016

  • November 2015
  • -
  • Business Monitor International
  • -
  • 32 pages

BMI View

: Hong Kong possesses a very strong tourism market, bolstered by its proximity to China. Theindustry is well developed, with a strong hotel base and a government committed to supporting the industryover the next few years via marketing and attempts to reduce visa restrictions. Some political disagreementwith China and a strong competition from other Asian countries has slowed growth, but the medium termprospects are strong for the country. Whilst there needs to be a development of tourist attractions outside ofretail, inbound arrivals can be expected to increase in secondary source markets.Key updates and forecastsInbound arrivals will reach 75.4m in 2019, up 13.9% from 2016.

Asia Pacific will provide 95.3% of allarrivals in 2019. Despite the positive outlook, Golden Week (one of the major periods of travel for Chinesetourists into Hong Kong) proved massively disappointing for the industry, with a drop in y-o-y growth innumbers and spending. The Hong Kong government is looking at introducing online visa applications forChinese citizens to arrest this, but implementation will depend on China's view on the proposal.

Table Of Contents

Hong Kong Tourism Report Q1 2016
BMI Industry View 5
Table: Key Forecasts (Hong Kong 2012-2019) 5
SWOT 7
Tourism 7
Industry Forecast 9
Table: Inbound Tourism (Hong Kong 2012-2019) 13
Table: Tourism Receipts (Hong Kong 2012-2019) 14
Table: Hotel Accommodation (Hong Kong 2012-2019) 16
Table: Tourist Departures and Consumption (Hong Kong 2012-2019) 17
Industry Risk/Reward Index 18
Table: Asia Tourism Risk/Reward Index 18
Market Overview 21
Competitive Landscape 26
Table: Domestic Hotels 27
Table: International Hotel Groups 28
Methodology 29
Industry Forecast Methodology 29
Risk/Reward Index Methodology 30
Table: Weighting Of Indicators 32

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