Experiential Luxury in Hong Kong, China


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Experiential Luxury in Hong Kong, China

Luxury hotels is expected to continue to see a moderate current value rebound in 2022. In the absence of international tourists, luxury hotels changed to a localisation strategy, with a massive pivot of their target audience. Compared with international tourists, local consumers are more driven by value for money. In response to this, luxury hotels have been collaborating with travel intermediates to offer staycation packages and heavy discounts to capture local consumption power. Hong Kong cons...

Euromonitor International's Experiential Luxury in Hong Kong, China report offers a comprehensive guide to the size and shape of the Experiential Luxury market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Experiential Luxury retailing along with the development of consumers’ shopping patterns. Forecasts to 2026 illustrate how the market is set to change

Product coverage: Luxury Foodservice, Luxury Hotels.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Experiential Luxury 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.


Experiential Luxury in Hong Kong, China
Euromonitor International
August 2022
List Of Contents And Tables
EXPERIENTIAL LUXURY IN HONG KONG, CHINA
KEY DATA FINDINGS
2022 DEVELOPMENTS
Local demand recovers as players offer staycation packages to stimulate sales
Unique premium hotels bring competition to luxury hotels
Luxury hotels participate in the government’s Designated Quarantine Hotel Scheme for survival
PROSPECTS AND OPPORTUNITIES
The COVID-19 spike in early 2022 contributes to difficulties for luxury foodservice
Luxury hotels expected to recover by 2024, and players need to adapt to the emerging trend of “bleisure” travellers
Luxury hotels must adapt to digital transformation before international travel resumes in Hong Kong
CATEGORY DATA
Table 1 Sales of Experiential Luxury by Category: Value 2017-2022
Table 2 Sales of Experiential Luxury by Category: % Value Growth 2017-2022
Table 3 NBO Company Shares of Experiential Luxury: % Value 2017-2021
Table 4 LBN Brand Shares of Experiential Luxury: % Value 2018-2021
Table 5 Forecast Sales of Experiential Luxury by Category: Value 2022-2027
Table 6 Forecast Sales of Experiential Luxury by Category: % Value Growth 2022-2027
LUXURY GOODS IN HONG KONG, CHINA
EXECUTIVE SUMMARY
Luxury goods in 2022: The big picture
2022 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA
Table 7 Sales of Luxury Goods by Category: Value 2017-2022
Table 8 Sales of Luxury Goods by Category: % Value Growth 2017-2022
Table 9 Inbound Receipts for Luxury Goods by Country of Origin: Value 2017-2022
Table 10 NBO Company Shares of Luxury Goods: % Value 2017-2021
Table 11 LBN Brand Shares of Luxury Goods: % Value 2018-2021
Table 12 Distribution of Luxury Goods by Format and Category: % Value 2022
Table 13 Forecast Sales of Luxury Goods by Category: Value 2022-2027
Table 14 Forecast Sales of Luxury Goods by Category: % Value Growth 2022-2027
DISCLAIMER
SOURCES
Summary 1 Research Sources

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