High net worth individuals (HNWIs) in Hong Kong plan to spend an average of HKD870,000 (approximately USD111,000) for travelling, according to a study by Standard Chartered Bank. Many of these high-spending individuals tend to prioritise the quality of their travel experience and are likely to spend more than twice that of the average consumer. This trend relates to experiential luxury, where HNWIs value staying in luxury hotels or dining in Michelin-starred restaurants.
Euromonitor International's Charge Card Transactions in Hong Kong, China report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Product coverage: Commercial Charge Card Transactions, Personal Charge Card Transactions.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Charge Card Transactions market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Charge Cards in Hong Kong, China
Euromonitor International
November 2024
List Of Contents And Tables
CHARGE CARDS IN HONG KONG, CHINA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Travel spend drives charge card transactions
American Express charge cards differentiate from credit cards
Promotions remain winning strategy to drive local consumption
PROSPECTS AND OPPORTUNITIES
Shifting consumer values as charge cards set to regain momentum
Opportunities to expand reach
American Express likely to retain dominance of charge cards
CATEGORY DATA
Table 1 Charge Cards: Number of Cards in Circulation 2019-2024
Table 2 Charge Cards Transactions 2019-2024
Table 3 Charge Cards in Circulation: % Growth 2019-2024