Travel & Tourism in Hong Kong
Summary
Travel & Tourism in Hong Kong industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Travel & tourism industry is segmented into passenger airlines, passenger rail, foodservice, hotels & motels, and travel intermediaries.
- The Hong Kongese travel & tourism industry recorded revenues of $32.3 billion in 2023, representing a negative compound annual growth rate (CAGR) of 12.4% between 2018 and 2023.
- The travel intermediaries segment accounted for the industry's largest proportion in 2023, with total revenues of $12.4 billion, equivalent to 38.5% of the industry's overall value.
- In 2023, the industry experienced a significant value increase, recovering from recent declines, primarily driven by increasing capital investment, particularly in sectors such as airlines, railways, foodservice, and accommodation. Investors are channelling more funds into expanding travel infrastructure to meet rising demand. According to the World Bank, the capital investment in travel and tourism in Hong Kong reached $8.6 billion in 2023, reflecting a 4.5% increase from 2022.
- Save time carrying out entry-level research by identifying the size, growth, 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 2023?
- What will be the size of the Hong Kong travel & tourism market in 2028?
- 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?
- Who are the top competitors in 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 are the strategies of the leading players?
- 7.3. What are the recent developments in the industry?
- 8 Company Profiles
- 8.1. Tongcheng Travel Holdings Ltd
- 8.2. Cathay Pacific Airways Ltd
- 8.3. Accor SA
- 8.4. Cafe de Coral Holdings 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, 2018-23
- Table 2: Hong Kong travel & tourism industry category segmentation: % share, by value, 2018-23
- Table 3: Hong Kong travel & tourism industry category segmentation: $ million, 2018-23
- Table 4: Hong Kong travel & tourism industry geography segmentation: $ million, 2023
- Table 5: Hong Kong travel & tourism industry value forecast: $ million, 2023-28
- Table 6: Tongcheng Travel Holdings Ltd: Key Facts
- Table 7: Tongcheng Travel Holdings Ltd: Annual Financial Ratios
- Table 8: Tongcheng Travel Holdings Ltd: Key Employees
- Table 9: Cathay Pacific Airways Ltd: Key Facts
- Table 10: Cathay Pacific Airways Ltd: Annual Financial Ratios
- Table 11: Cathay Pacific Airways Ltd: Key Employees
- Table 12: Cathay Pacific Airways Ltd: Key Employees Continued
- Table 13: Accor SA: Key Facts
- Table 14: Accor SA: Annual Financial Ratios
- Table 15: Accor SA: Key Employees
- Table 16: Accor SA: Key Employees Continued
- Table 17: Cafe de Coral Holdings Ltd: Key Facts
- Table 18: Cafe de Coral Holdings Ltd: Annual Financial Ratios
- Table 19: Cafe de Coral Holdings Ltd: Key Employees
- Table 20: Hong Kong Size of Population (million), 2019-23
- Table 21: Hong Kong Real GDP (Constant 2010 Prices, $ Billion), 2019-23
- Table 22: Hong Kong GDP (Current Prices, $ Billion), 2019-23
- Table 23: Hong Kong Inflation, 2019-23
- Table 24: Hong Kong Consumer Price Index (Absolute), 2019-23
- Table 25: Hong Kong Exchange Rate, 2018-23
- List of Figures
- Figure 1: Hong Kong travel & tourism industry value: $ million, 2018-23
- Figure 2: Hong Kong travel & tourism industry category segmentation: $ million, 2018-23
- Figure 3: Hong Kong travel & tourism industry geography segmentation: % share, by value, 2023
- Figure 4: Hong Kong travel & tourism industry value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the travel & tourism industry in Hong Kong, 2023
- Figure 6: Drivers of buyer power in the travel & tourism industry in Hong Kong, 2023
- Figure 7: Drivers of supplier power in the travel & tourism industry in Hong Kong, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Hong Kong, 2023
- Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Hong Kong, 2023
- Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Hong Kong, 2023
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