Hong Kong Tourism Report Q4 2016

Publisher Name :
Date: 31-Aug-2016
No. of pages: 33

BMI View: Hong Kong is home to a well-developed and mature tourism market. The country attracts high

volumes of visitors from mainland China, and as a major regional travel hub also welcomes many visitors

from throughout the Asia Pacific region and beyond. Tourism infrastructure is modern, including an

extensive public transport network and one of the largest and busiest airports in the world. A spate negative

media coverage in mainland China and recent political tensions led to an acute decline in mainland tourists

in 2015 and early 2016; however, the government has stepped in to support the industry and the long-term

outlook remains very positive.

Key Updates And Forecasts

? China remains the largest single source market for inbound arrivals to Hong Kong, expected to account

for more than 75% of arrivals in 2016. We do note, however, that visitor numbers have been impacted by

political disagreements, with the chief of Hong Kong's Professional Tourist Guides General Union, Yu

Li-Hua, reporting that tour groups in January 2016 numbered 3,729 compared with 11,575 in January

2015. Visitors from China during the seven-day Lunar New Year period were down 12% y-o-y. However

we expect flows between Hong Kong and the mainland to recover and resume growth over the remainder

of 2016.

? As well as opening a new concourse at Hong Kong International Airport (HKIA), the territory continues

to expand the number of regional and global flight connections on offer. Hong Kong Airlines, which

runs around 80% of its flights from the new concourse, was to add six new flights to Beijing and five new

flights to Hanoi, and low-cost carrier HK Express has begun offering flights to Japan in 2016 and is

planning to offer flights to Myanmar and additional routes to Thailand beginning later in the year.

? As a mature market, Hong Kong's inbound market is already huge (with more than 62mn arrivals

projected for 2016), and overall we are forecasting a slow but steady increase in arrivals to Hong Kong

between 2016 and 2020. This will have a positive impact on tourism-related expenditure, which is

forecast to reach USD49.6bn in 2020.

Hong Kong Tourism Report Q4 2016

Table of Contents

BMI Industry View 5
Table: Key Forecasts (Hong Kong 2013-2020) 5
SWOT 7
Tourism 7
Industry Forecast 9
Table: Inbound Tourism (Hong Kong 2013-2020) 13
Table: Tourism Receipts (Hong Kong 2013-2020) 15
Table: Hotel Accommodation (Hong Kong 2013-2020) 17
Table: Tourist Departures And Consumption (Hong Kong 2013-2020) 18
Industry Risk/Reward Index 19
Table: Asia Tourism Risk/Reward Index 19
Rewards 20
Risks 20
Market Overview 22
Competitive Landscape 27
Domestic Hotel Groups 27
Table: Domestic Hotels 27
International Hotel Groups 28
Table: International Hotel Groups 28
Methodology 30
Industry Forecast Methodology 30
Risk/Reward Index Methodology 31
Table: Weighting Of Indicators 33

List of Tables

Table: Key Forecasts (Hong Kong 2013-2020)
Table: Inbound Tourism (Hong Kong 2013-2020)
Table: Tourism Receipts (Hong Kong 2013-2020)
Table: Hotel Accommodation (Hong Kong 2013-2020)
Table: Tourist Departures And Consumption (Hong Kong 2013-2020)
Table: Asia Tourism Risk/Reward Index
Table: Domestic Hotels
Table: International Hotel Groups
Table: Weighting Of Indicators
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