Category: Luxury Goods
Hong Kong Luxury Goods
-
Experiential Luxury in Hong Kong, China
... declined by 70% to HKD3.8 billion in 2020, but by 2023 had exceeded their pre-pandemic level of HKD12.7 billion. Key source markets for inbound travellers in 2024 are set to include China, the Philippines, Taiwan, ... Read More
-
Premium and Luxury Cars in Hong Kong, China
... represent a return to growth, with sales having fallen dramatically in 2023 after two years of exceptionally strong growth in 2021 and 2022. In contrast to most areas of the luxury goods market, premium and ... Read More
-
Luxury Goods in Hong Kong, China
... strong economy, favourable tax policies, and reputation as a shopping destination have attracted luxury brands and affluent shoppers from around the world for many years. The increase in sales in 2024 has been supported by ... Read More
-
Personal Luxury in Hong Kong, China
... primarily by sales of designer apparel (ready-to-wear), which accounts for 65% of overall value sales. Rising prices are playing a role, with current value growth outpacing the rise in volume sales. Nonetheless, volume sales are ... Read More
-
Personal Luxury in Hong Kong, China
... Rolex (Hong Kong) Ltd. The resumption of international travel greatly benefited personal luxury businesses in Hong Kong, as evidenced by the sales and foot traffic at Harbour City, the city’s biggest shopping centre, which have ... Read More
-
Premium and Luxury Cars in Hong Kong, China
... sales were unable to be maintained at this high level. Nevertheless, sales remained significantly higher than those seen pre-pandemic. Premium and luxury cars is not heavily reliant on tourists, unlike personal luxury, for instance, so ... Read More
-
Luxury Goods in Hong Kong, China
... revival of shopping in person, socialising, and the resurgence of travel and tourism presented favourable opportunities for consumers to indulge in upscale shopping and recreational pursuits, consequently driving an upswing in sales. Euromonitor International's Luxury ... Read More
-
Experiential Luxury in Hong Kong, China
... an improvement on 2021 and 2022, when restrictions related to COVID-19 were still impacting travel. Euromonitor International's Experiential Luxury in Hong Kong, China report offers a comprehensive guide to the size and shape of the ... Read More
-
Personal Luxury in Hong Kong, China
... severe COVID-19 lockdown period, when pandemic-induced store closures were seen in Hong Kong. This is because affluent customers prefer the in-person experience. Another reason is the convenience of shopping in Hong Kong, because it only ... Read More
-
Luxury Goods in Hong Kong, China
... COVID-19. With the fifth wave of the pandemic involving the rapid spread of the Omicron variant, retail sales in Hong Kong were heavily impacted in Q1 2022. However, as social restrictions eased on 20 April, ... Read More
-
Premium and Luxury Cars in Hong Kong, China
... cars was not heavily reliant on tourists, unlike personal luxury. Sales of premium and luxury cars in Hong Kong had already exceeded the pre-COVID-19 level in 2021. An important factor contributing to the ongoing positive ... Read More
-
Experiential Luxury in Hong Kong, China
... 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 ... Read More
Research Assistance
