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Travel and Tourism in Hong Kong to 2019

Hong Kong: Travel and Tourism Market, 2019

  • October 2015
  • 112 pages
  • ID: 3398340
In this report:
The number of hotel establishments in the country increased from ## in 2009 to ## in 2014, with the number of rooms recording a historic period CAGR of ##.##%.
The number of arrivals to Hong Kong is expected to reach ##.## million by 2019, representative of a forecast period CAGR of ##.##%.
Total domestic expenditure is expected to increase to HKD##.## billion (US$##.## billion) by 2019, representative of a forecast period CAGR of ##.##%.

Summary

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Brief

Hong Kong's domestic travel market is considerably smaller than the outbound market as there is a lack of local recreational activities, which encourages residents to take holidays outside the country. Driven by promotional efforts, worldwide arrivals registered strong growth at a compound annual growth rate (CAGR) of 8.40 percent during 2010-2014. Leisure is the principal purpose of travel for inbound tourists.

Main highlights

- Hong Kong's travel and tourism sector performed well during the historic period (2009-2014), supported by a rise in both domestic and inbound trips. International arrivals to the country increased at a CAGR of ~10.4 percent, with global inbound tourist expenditure growing at a historic period Compound annual growth rate of ~7.9 percent. The principal factors for increase were government efforts to promote the country's travel and tourism sector on an worldwide level. Furthermore, following China's tourism promotion in Hong Kong (HK), global departures reached 31 million, with China (CN) being the best destination market, and accounting for 74.40 percent of the global outbound trips in 2014

- Hong Kong Airlines has launched an in-flight service in 2015 called "Sweeten You Up". This service includes distinct packages for occasions including marriage proposals, anniversaries, and birthdays. Through this service, the passenger can celebrate the occasion while onboard by making a preliminary booking for the unique service required. For the promotion of this service, the airline has launched a separate website and also made this facility available on its mobile application

- Overall, Macao registered a decline in arrivals by 3.50 percent during the first seven months in 2015, so in order to attract more tourists from Hong Kong (HK), the Tourist Office of the Macao Special Administrative Region launched an "Experience Macao Carnival" road show in Hong Kong (HK). This road show was held in order to promote events including the Macao Grand Prix and "Parade through Macao, Latin City", which is a cultural event conducted annually by the Cultural Affairs Bureau

Abstract

Canadean's report - Travel and Tourism in Hong Kong (HK) to 2019 offers exhaustive information on the country's tourism sector, analyzing market data and providing insights. This industry report offers a superior understanding of tourism flows, expenditure, and the airline, hotel, car rental, and travel intermediaries industries.

What else does this report offer?

- Historic and forecast tourist volumes covering the entire Hong Kong Travel and Tourism sector

- Detailed analysis of tourist spending patterns for several categories, including accommodation, sightseeing entertainment, foodservice, transportation, retail, travel intermediaries, and others

- Analysis of trips by purpose and mode of transport, and expenditure across different categories including domestic, inbound, and outbound tourism, with analysis using similar metrics

- Analysis of the airline, hotel, car rental, and travel intermediaries industries by customer type - leisure and business travelers

Great reasons to purchase

- Make tactical business decisions using historic and forecast market data related to Hong Kong's Travel and Tourism sector

- Comprehend the demand-side dynamics within the industry to recognize top market trends and growth opportunities

- Direct promotional efforts on the most favorable markets by identifying main source and destination countries

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