Hong Kong Travel and Tourism Market Summary and Forecast
Summary
Travel & Tourism in Hong Kong industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The travel & tourism industry consists of revenues generated by passenger airlines, passenger rail, hotels & motels, foodservice, travel intermediaries, and casinos & gaming.
- The Hong Kongese travel & tourism industry had total revenues of $2.9 billion in 2022, representing a negative compound annual growth rate (CAGR) of 45.9% between 2017 and 2022.
- The travel intermediaries segment accounted for the industry's largest proportion in 2022, with total revenues of $1.3 billion, equivalent to 43.9% of the industry's overall value.
- The growth of the industry is attributed to rising leisure and business tourism, growth in the hotel and motel industry, an increasing number of global events attracting large visitors, boosting infrastructure development, easing mobility, and emerging adventure tourists. For instance, according to GlobalData, the proportion of travel and tourism in the GDP of Hong Kong increased to 1.71% in 2022 from 1.28% in the previous year.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the travel & tourism market in Hong Kong
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in Hong Kong
- Leading company profiles reveal details of key travel & tourism market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Hong Kong travel & tourism market with five year forecasts by both value and volume
- What was the size of the Hong Kong travel & tourism market by value in 2022?
- What will be the size of the Hong Kong travel & tourism market in 2027?
- What factors are affecting the strength of competition in the Hong Kong travel & tourism market?
- How has the market performed over the last five years?
- What are the main segments that make up Hong Kong's travel & tourism market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths of leading players?
- 8 Company Profiles
- 8.1. Booking Holdings Inc
- 8.2. Mandarin Oriental International Ltd
- 8.3. Cathay Pacific Airways Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Hong Kong travel & tourism industry value: $ million, 2017–22
- Table 2: Hong Kong travel & tourism industry category segmentation: % share, by value, 2017–2022
- Table 3: Hong Kong travel & tourism industry category segmentation: $ million, 2017-2022
- Table 4: Hong Kong travel & tourism industry geography segmentation: $ million, 2022
- Table 5: Hong Kong travel & tourism industry value forecast: $ million, 2022–27
- Table 6: Booking Holdings Inc: key facts
- Table 7: Booking Holdings Inc: Annual Financial Ratios
- Table 8: Booking Holdings Inc: Key Employees
- Table 9: Mandarin Oriental International Ltd: key facts
- Table 10: Mandarin Oriental International Ltd: Annual Financial Ratios
- Table 11: Mandarin Oriental International Ltd: Key Employees
- Table 12: Mandarin Oriental International Ltd: Key Employees Continued
- Table 13: Cathay Pacific Airways Ltd: key facts
- Table 14: Cathay Pacific Airways Ltd: Annual Financial Ratios
- Table 15: Cathay Pacific Airways Ltd: Key Employees
- Table 16: Cathay Pacific Airways Ltd: Key Employees Continued
- Table 17: Hong Kong size of population (million), 2018–22
- Table 18: Hong Kong gdp (constant 2005 prices, $ billion), 2018–22
- Table 19: Hong Kong gdp (current prices, $ billion), 2018–22
- Table 20: Hong Kong inflation, 2018–22
- Table 21: Hong Kong consumer price index (absolute), 2018–22
- Table 22: Hong Kong exchange rate, 2018–22
- List of Figures
- Figure 1: Hong Kong travel & tourism industry value: $ million, 2017–22
- Figure 2: Hong Kong travel & tourism industry category segmentation: $ million, 2017-2022
- Figure 3: Hong Kong travel & tourism industry geography segmentation: % share, by value, 2022
- Figure 4: Hong Kong travel & tourism industry value forecast: $ million, 2022–27
- Figure 5: Forces driving competition in the travel & tourism industry in Hong Kong, 2022
- Figure 6: Drivers of buyer power in the travel & tourism industry in Hong Kong, 2022
- Figure 7: Drivers of supplier power in the travel & tourism industry in Hong Kong, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Hong Kong, 2022
- Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Hong Kong, 2022
- Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Hong Kong, 2022
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