Travel and Tourism Industry in Hong Kong to 2018

ResearchMoz.us include new market research report " Travel and Tourism in Hong Kong to 2018: Industry Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.

The Hong Kong travel and tourism sector performed well during the review period (2009−2013), with growth recorded in both domestic and international tourist volumes. The main factors for growth were government initiatives, and efforts to promote the country’s travel and tourism sector on an international level.

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Timetric expects growth to continue over the forecast period (2014−2018), driven by government initiatives to promote tourism through participation in international events and promotional campaigns in key source markets such as the US and China. Infrastructure development, road shows and tourist attraction development will also contribute to the growth.

Scope:

This report provides an extensive analysis related to the tourism demands and flows in Hong Kong:

• It details historical values for Hong Kong's tourism sector for 2009–2013, along with forecast figures for 2014–2018
• It provides comprehensive analysis of travel and tourism demand factors, with values for both the 2009–2013 review period and the 2014–2018 forecast period
• The report provides a detailed analysis and forecast of domestic, inbound and outbound tourist flows in Hong Kong.
• It provides comprehensive analysis of the trends in the airline, hotel, car rental and travel intermediaries industries, with values for both the 2009–2013 review period and the 2014–2018 forecast period.

Reasons to buy:

• Take strategic business decisions using historic and forecast market data related to Hong Kong's travel and tourism sector.
• Understand the demand-side dynamics within the travel and tourism sector in Hong Kong, along with key market trends and growth opportunities.

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Key highlights:

• Hong Kong has emerged as a fast-growing tourism destination in Asia due to its mix of Chinese and western culture, places of historical interest, shopping malls and amusement parks. Its main tourist attractions are the Avenue of Stars located on the Tsim Sha Tsui promenade; the Hong Kong Disneyland (HKD) theme park; Ngong Ping 360, which includes a cable car ride and a Buddhist-themed village; and Ocean Park, a marine theme park. Other popular attractions are Victoria Harbor, the Symphony of Lights, the Skyscrapers Show, Victoria Peak, Golden Bauhinia Square, Tai Sin Temple and the Hong Kong Wetland Park. In 2013, 440,000 tourists visited Hong Kong Wetland Park, of which 61,000 were from overseas.
• International arrivals were a major contributor to Hong Kong’s tourism sector, with total inbound tourism expenditure recorded at HKD343.1 billion (US$44.2 billion) in 2013, compared to domestic tourism expenditure of HKD40.1 billion (US$5.2 billion) in the same year. International tourist arrival were higher at with 25.6 million 2013, in comparison with domestic tourist volumes of 247,140.
• Domestic tourist volume posted a review-period CAGR of 5.66%, with the total number of domestic trips rising from 198,300 in 2009 to 247,140 in 2013. An increase in mean household income and spending power spurred the demand. Total domestic tourist expenditure recorded a review-period CAGR of 6.98%, increasing from HKD30.6 billion (US$3.9 billion) in 2009 to HKD40.1 billion (US$5.1 billion) in 2013. 

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