Domestic
and outbound tourism in Hong Kong has recovered after a brief decline due to
the financial downturn in 2009. International arrivals to the country registered
healthy growth between 2008 and 2012. According to the World Travel and Tourism
Council (WTTC), in 2012, tourism contributed 18.5% to the country’s GDP, and
accounted for 16.2% of the total employment. In 2011, the Hong Kong Tourism
Board (HKTB) launched the promotional campaign ‘Asia’s World City’ to create
more awareness of Hong Kong as an attractive tourist destination.
Domestic
tourist volume increased from 749,036 trips in 2008 to 841,332 trips on 2012,
expanding at a CAGR of 2.95%. Domestic tourist volumes are expected to increase
at a CAGR of 3.03% to reach 976,899 trips in 2017. The key growth drivers over
this period will be improved economic conditions and government initiatives to
promote domestic tourism.
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Inbound
tourism also increased, between 2008 and 2012, as the number of international
arrivals increased from 17.6 million to 23.8 million, expanding at a CAGR of
7.78%. Inbound tourist arrivals are expected to reach 33.2 million in 2017, at
a CAGR of 6.89%. The key drivers of this growth are improved economic
conditions in key source markets and promotional initiatives to present Hong
Kong as an attractive tourist destination.
The
outbound tourism is expected to increase from 31.2 million in 2012 to 33.0
million in 2017, increasing at a CAGR of 1.11%. The expansion in air transport
capacity to key outbound destinations and an increase in disposable income will
support this trend.
Hong
Kong’s air traffic volume, both domestically and internationally, has continues
to rise. Passengers carried reached 55.7 million in 2012, having expanded at a
CAGR of 4.24% between 2008 and 2012. The number of passengers carried is
expected to increase at a CAGR of 3.18% to reach 65.1 million between now and 2017.
Total revenue is also expected to increase from HKD135.2 billion (US$17.4
billion) in 2012 to HKD175.0 (US$22.6 billion) in 2017, recording a CAGR of
5.30%. The acceleration of growth over this period will be driven by expanding
tourist volumes and air capacity.
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The
economic slowdown in 2009 adversely affected Hong Kong’s hotel market as it
recorded an 11.2% decrease in total hotel revenues. However, the market value
expanded at a CAGR of 11.58% between 2008 and 2012, due to recovery in tourist
flows in 2010 and 2011. Hong Kong’s hotel market posted an increase in revenue
from HKD33.8 billion (US$4.3 billion) in 2012 to HKD45.2 billion (US$5.8
billion) in 2012. Total revenue is expected to increase at a CAGR of 5.07% to
reach HKD57.9 billion (US$7.5 billion) by 2017, with an expected increase in
tourist volumes.
Reasons to buy
- Stay one
step ahead of the industry by understanding the flow of tourists including
domestic, inbound and outbound.
- Understand
where the potential lies within the travel and tourism industry in Hong Kong by
viewing data and forecasts with regards to Airlines, Hotels, Car rental, etc.
- Stay
ahead of your competitors by taking a look into their company profiles,
including Cathay Pacific Airlines, Hong Kong Airlines LTD, Regal Hotels
International Holdings Ltd, Hawk Rent a Car and Lotus Tours Limited.
- Expand
your business by gaining an overall understanding of the market using the
reports Airport profiles, tourism board profiles, car rental profiles, etc as
well as a SWOT analysis on the Tourism market in Hong Kong.
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Table of Content
10 Company Profiles – Airlines
10.1 Company Profile: Cathay Pacific Airways Limited
10.1.1 Cathay Pacific Airways Limited – company overview
10.1.2 Cathay Pacific Airways Limited – business description
10.1.3 Cathay Pacific Airways Limited – main services and brands
10.1.4 Cathay Pacific Airways Limited – history
10.1.5 Cathay Pacific Airways Limited – SWOT analysis
10.1.6 Cathay Pacific Airways Limited – strengths
10.1.7 Cathay Pacific Airways Limited – weaknesses
10.1.8 Cathay Pacific Airways Limited – opportunities
10.1.9 Cathay Pacific Airways Limited – threats
10.1.10 Cathay Pacific Airways Limited – key competitors
10.1.11 Cathay Pacific Airways Limited – key employees
10.2 Company Profile: Hong Kong Dragon Airlines Limited
10.2.1 Hong Kong Dragon Airlines Limited – company overview
10.2.2 Hong Kong Dragon Airlines Limited – main services
10.2.3 Hong Kong Dragon Airlines Limited – key competitors
10.2.4 Hong Kong Dragon Airlines Limited – key employees
10.3 Company Profile: Hong Kong Airlines Ltd
10.3.1 Hong Kong Airlines Ltd – company overview
10.3.2 Hong Kong Airlines Ltd – main services
10.3.3 Hong Kong Airlines Ltd – key competitors
10.3.4 Hong Kong Airlines Ltd – key employees
10.4 Company Profile: Jet Aviation Business Jets (Hong Kong) Ltd
10.4.1 Jet Aviation Business Jets (Hong Kong) Ltd – company overview
10.4.2 Jet Aviation Business Jets (Hong Kong) Ltd – main services
10.4.3 Jet Aviation Business Jets (Hong Kong) Ltd – key competitors
10.4.4 Jet Aviation Business Jets (Hong Kong) Ltd – key employees
10.5 Company Profile: Metrojet Limited
10.5.1 Metrojet Limited – company overview
10.5.2 Metrojet Limited – main services
10.5.3 Metrojet Limited – key competitors
10.5.4 Metrojet Limited – key employees
10.1 Company Profile: Cathay Pacific Airways Limited
10.1.1 Cathay Pacific Airways Limited – company overview
10.1.2 Cathay Pacific Airways Limited – business description
10.1.3 Cathay Pacific Airways Limited – main services and brands
10.1.4 Cathay Pacific Airways Limited – history
10.1.5 Cathay Pacific Airways Limited – SWOT analysis
10.1.6 Cathay Pacific Airways Limited – strengths
10.1.7 Cathay Pacific Airways Limited – weaknesses
10.1.8 Cathay Pacific Airways Limited – opportunities
10.1.9 Cathay Pacific Airways Limited – threats
10.1.10 Cathay Pacific Airways Limited – key competitors
10.1.11 Cathay Pacific Airways Limited – key employees
10.2 Company Profile: Hong Kong Dragon Airlines Limited
10.2.1 Hong Kong Dragon Airlines Limited – company overview
10.2.2 Hong Kong Dragon Airlines Limited – main services
10.2.3 Hong Kong Dragon Airlines Limited – key competitors
10.2.4 Hong Kong Dragon Airlines Limited – key employees
10.3 Company Profile: Hong Kong Airlines Ltd
10.3.1 Hong Kong Airlines Ltd – company overview
10.3.2 Hong Kong Airlines Ltd – main services
10.3.3 Hong Kong Airlines Ltd – key competitors
10.3.4 Hong Kong Airlines Ltd – key employees
10.4 Company Profile: Jet Aviation Business Jets (Hong Kong) Ltd
10.4.1 Jet Aviation Business Jets (Hong Kong) Ltd – company overview
10.4.2 Jet Aviation Business Jets (Hong Kong) Ltd – main services
10.4.3 Jet Aviation Business Jets (Hong Kong) Ltd – key competitors
10.4.4 Jet Aviation Business Jets (Hong Kong) Ltd – key employees
10.5 Company Profile: Metrojet Limited
10.5.1 Metrojet Limited – company overview
10.5.2 Metrojet Limited – main services
10.5.3 Metrojet Limited – key competitors
10.5.4 Metrojet Limited – key employees
11 Company Profiles – Hotels
11.1 Company Profile: Mandarin Oriental International Limited
11.1.1 Mandarin Oriental International Limited – company overview
11.1.2 Mandarin Oriental International Limited – business description
11.1.3 Mandarin Oriental International Limited – main services and brands
11.1.4 Mandarin Oriental International Limited – history
11.1.5 Mandarin Oriental International Limited – SWOT analysis
11.1.6 Mandarin Oriental International Limited – strengths
11.1.7 Mandarin Oriental International Limited – weaknesses
11.1.8 Mandarin Oriental International Limited – opportunities
11.1.9 Mandarin Oriental International Limited – threats
11.1.10 Mandarin Oriental International Limited – key competitors
11.1.11 Mandarin Oriental International Limited – key employees
11.2 Company Profile: Regal Hotels International Holdings Ltd
11.2.1 Regal Hotels International Holdings Ltd – company overview
11.2.2 Regal Hotels International Holdings Ltd – business description
11.2.3 Regal Hotels International Holdings Ltd – main services and brands
11.2.4 Regal Hotels International Holdings Ltd – history
11.2.5 Regal Hotels International Holdings Ltd – SWOT analysis
11.2.6 Regal Hotels International Holdings Ltd – strengths
11.2.7 Regal Hotels International Holdings Ltd – weaknesses
11.2.8 Regal Hotels International Holdings Ltd – opportunities
11.2.9 Regal Hotels International Holdings Ltd – threats
11.2.10 Regal Hotels International Holdings Ltd – key competitors
11.2.11 Regal Hotels International Holdings Ltd – key employees
11.3 Company Profile: Far East Hotels and Entertainment Limited.
11.3.1 Far East Hotels and Entertainment Limited – company overview
11.3.2 Far East Hotels and Entertainment Limited – business description
11.3.3 Far East Hotels and Entertainment Limited – main services
11.3.4 Far East Hotels and Entertainment Limited – history
11.3.5 Far East Hotels and Entertainment Limited – SWOT analysis
11.3.6 Far East Hotels and Entertainment Limited – strengths
11.3.7 Far East Hotels and Entertainment Limited – weaknesses
11.3.8 Far East Hotels and Entertainment Limited – opportunities
11.3.9 Far East Hotels and Entertainment Limited – threats
11.3.10 Far East Hotels and Entertainment Limited – key competitors
11.3.11 Far East Hotels and Entertainment Limited – key employees
11.4 Company Profile: Shangri-La Asia Limited
11.4.1 Shangri-La Asia Limited – company overview
11.4.2 Shangri-La Asia Limited – business description
11.4.3 Shangri-La Asia Limited – main services and brands
11.4.4 Shangri-La Asia Limited – history
11.4.5 Shangri-La Asia Limited – SWOT analysis
11.4.6 Shangri-La Asia Limited – strengths
11.4.7 Shangri-La Asia Limited – weaknesses
11.4.8 Shangri-La Asia Limited – opportunities
11.4.9 Shangri-La Asia Limited – threats
11.4.10 Shangri-La Asia Limited – key competitors
11.4.11 Shangri-La Asia Limited – key employees
11.5 Company Profile: The Hongkong and Shanghai Hotels, Limited
11.5.1 The Hongkong and Shanghai Hotels, Limited – company overview
11.5.2 The Hongkong and Shanghai Hotels, Limited – business description
11.5.3 The Hongkong and Shanghai Hotels, Limited – main services and brands
11.5.4 The Hongkong and Shanghai Hotels, Limited – history
11.5.5 The Hongkong and Shanghai Hotels, Limited – SWOT analysis
11.5.6 The Hongkong and Shanghai Hotels, Limited – strengths
11.5.7 The Hongkong and Shanghai Hotels, Limited – weaknesses
11.5.8 The Hongkong and Shanghai Hotels, Limited – opportunities
11.5.9 The Hongkong and Shanghai Hotels, Limited – threats
11.5.10 The Hongkong and Shanghai Hotels, Limited – key competitors
11.5.11 The Hongkong and Shanghai Hotels, Limited – key employees
11.1 Company Profile: Mandarin Oriental International Limited
11.1.1 Mandarin Oriental International Limited – company overview
11.1.2 Mandarin Oriental International Limited – business description
11.1.3 Mandarin Oriental International Limited – main services and brands
11.1.4 Mandarin Oriental International Limited – history
11.1.5 Mandarin Oriental International Limited – SWOT analysis
11.1.6 Mandarin Oriental International Limited – strengths
11.1.7 Mandarin Oriental International Limited – weaknesses
11.1.8 Mandarin Oriental International Limited – opportunities
11.1.9 Mandarin Oriental International Limited – threats
11.1.10 Mandarin Oriental International Limited – key competitors
11.1.11 Mandarin Oriental International Limited – key employees
11.2 Company Profile: Regal Hotels International Holdings Ltd
11.2.1 Regal Hotels International Holdings Ltd – company overview
11.2.2 Regal Hotels International Holdings Ltd – business description
11.2.3 Regal Hotels International Holdings Ltd – main services and brands
11.2.4 Regal Hotels International Holdings Ltd – history
11.2.5 Regal Hotels International Holdings Ltd – SWOT analysis
11.2.6 Regal Hotels International Holdings Ltd – strengths
11.2.7 Regal Hotels International Holdings Ltd – weaknesses
11.2.8 Regal Hotels International Holdings Ltd – opportunities
11.2.9 Regal Hotels International Holdings Ltd – threats
11.2.10 Regal Hotels International Holdings Ltd – key competitors
11.2.11 Regal Hotels International Holdings Ltd – key employees
11.3 Company Profile: Far East Hotels and Entertainment Limited.
11.3.1 Far East Hotels and Entertainment Limited – company overview
11.3.2 Far East Hotels and Entertainment Limited – business description
11.3.3 Far East Hotels and Entertainment Limited – main services
11.3.4 Far East Hotels and Entertainment Limited – history
11.3.5 Far East Hotels and Entertainment Limited – SWOT analysis
11.3.6 Far East Hotels and Entertainment Limited – strengths
11.3.7 Far East Hotels and Entertainment Limited – weaknesses
11.3.8 Far East Hotels and Entertainment Limited – opportunities
11.3.9 Far East Hotels and Entertainment Limited – threats
11.3.10 Far East Hotels and Entertainment Limited – key competitors
11.3.11 Far East Hotels and Entertainment Limited – key employees
11.4 Company Profile: Shangri-La Asia Limited
11.4.1 Shangri-La Asia Limited – company overview
11.4.2 Shangri-La Asia Limited – business description
11.4.3 Shangri-La Asia Limited – main services and brands
11.4.4 Shangri-La Asia Limited – history
11.4.5 Shangri-La Asia Limited – SWOT analysis
11.4.6 Shangri-La Asia Limited – strengths
11.4.7 Shangri-La Asia Limited – weaknesses
11.4.8 Shangri-La Asia Limited – opportunities
11.4.9 Shangri-La Asia Limited – threats
11.4.10 Shangri-La Asia Limited – key competitors
11.4.11 Shangri-La Asia Limited – key employees
11.5 Company Profile: The Hongkong and Shanghai Hotels, Limited
11.5.1 The Hongkong and Shanghai Hotels, Limited – company overview
11.5.2 The Hongkong and Shanghai Hotels, Limited – business description
11.5.3 The Hongkong and Shanghai Hotels, Limited – main services and brands
11.5.4 The Hongkong and Shanghai Hotels, Limited – history
11.5.5 The Hongkong and Shanghai Hotels, Limited – SWOT analysis
11.5.6 The Hongkong and Shanghai Hotels, Limited – strengths
11.5.7 The Hongkong and Shanghai Hotels, Limited – weaknesses
11.5.8 The Hongkong and Shanghai Hotels, Limited – opportunities
11.5.9 The Hongkong and Shanghai Hotels, Limited – threats
11.5.10 The Hongkong and Shanghai Hotels, Limited – key competitors
11.5.11 The Hongkong and Shanghai Hotels, Limited – key employees
12 Company Profiles – Car Rental
12.1 Company Profile: AVIS Hong Kong
12.1.1 AVIS Hong Kong – company overview
12.1.2 AVIS Hong Kong – main services
12.1.3 AVIS Hong Kong – key competitors
12.1.4 AVIS Hong Kong – key employees
12.2 Company Profile: Hertz Rent a Car Hong Kong
12.2.1 Hertz Rent a Car Hong Kong – company overview
12.2.2 Hertz Rent a Car Hong Kong – main services
12.2.3 Hertz Rent a Car Hong Kong – key competitors
12.2.4 Hertz Rent a Car Hong Kong – key employees
12.3 Company Profile: HAWK Rent a Car
12.3.1 Hawk Rent a Car – company overview
12.3.2 Hawk Rent a Car – main services
12.3.3 Hawk Rent a Car – key competitors
12.3.4 Hawk Rent a Car – key employees
12.4 Company Profile: Rich Wheel Company
12.4.1 Rich Wheel Company – company overview
12.4.2 Rich Wheel Company – main services
12.4.3 Rich Wheel Company – key competitors
12.4.4 Rich Wheel Company – key employees
12.5 Company Profile: Regent Limousine Service Ltd
12.5.1 Regent Limousine Service Ltd – company overview
12.5.2 Regent Limousine Service Ltd – main services
12.5.3 Regent Limousine Service Ltd– key competitors
12.5.4 Regent Limousine Service Ltd – key employees
12.1 Company Profile: AVIS Hong Kong
12.1.1 AVIS Hong Kong – company overview
12.1.2 AVIS Hong Kong – main services
12.1.3 AVIS Hong Kong – key competitors
12.1.4 AVIS Hong Kong – key employees
12.2 Company Profile: Hertz Rent a Car Hong Kong
12.2.1 Hertz Rent a Car Hong Kong – company overview
12.2.2 Hertz Rent a Car Hong Kong – main services
12.2.3 Hertz Rent a Car Hong Kong – key competitors
12.2.4 Hertz Rent a Car Hong Kong – key employees
12.3 Company Profile: HAWK Rent a Car
12.3.1 Hawk Rent a Car – company overview
12.3.2 Hawk Rent a Car – main services
12.3.3 Hawk Rent a Car – key competitors
12.3.4 Hawk Rent a Car – key employees
12.4 Company Profile: Rich Wheel Company
12.4.1 Rich Wheel Company – company overview
12.4.2 Rich Wheel Company – main services
12.4.3 Rich Wheel Company – key competitors
12.4.4 Rich Wheel Company – key employees
12.5 Company Profile: Regent Limousine Service Ltd
12.5.1 Regent Limousine Service Ltd – company overview
12.5.2 Regent Limousine Service Ltd – main services
12.5.3 Regent Limousine Service Ltd– key competitors
12.5.4 Regent Limousine Service Ltd – key employees
13 Company Profiles – Travel
Intermediaries
13.1 Company Profile: Hong Kong Wing On Travel Service Ltd
13.1.1 Hong Kong Wing On Travel Service Ltd – company overview
13.1.2 Hong Kong Wing On Travel Service Ltd – main services
13.1.3 Hong Kong Wing On Travel Service Ltd – key competitors
13.1.4 Hong Kong Wing On Travel Service Ltd – key employees
13.2 Company Profile: China Travel Service (Hong Kong) Limited
13.2.1 China Travel Service (Hong Kong) Limited – company overview
13.2.2 China Travel Service (Hong Kong) Limited – main services
13.2.3 China Travel Service (Hong Kong) Limited – key competitors
13.2.4 China Travel Service (Hong Kong) Limited – key employees
13.3 Company Profile: Hong Kong Exclusive Limited
13.3.1 Hong Kong Exclusive Limited – company overview
13.3.2 Hong Kong Exclusive Limited – main services
13.3.3 Hong Kong Exclusive Limited – key competitors
13.3.4 Hong Kong Exclusive Limited – key employees
13.4 Company Profile: Destination (Asia-Hong Kong) Travel Ltd
13.4.1 Destination (Asia-Hong Kong) Travel Ltd – company overview
13.4.2 Destination (Asia-Hong Kong) Travel Ltd – main services
13.4.3 Destination (Asia-Hong Kong) Travel Ltd – key competitors
13.4.4 Destination (Asia-Hong Kong) Travel Ltd – key employees
13.5 Company Profile: Lotus Tours Limited
13.5.1 Lotus Tours Limited – company overview
13.5.2 Lotus Tours Limited – Main services
13.5.3 Lotus Tours Limited – key competitors
13.5.4 Lotus Tours Limited – key employees
13.1 Company Profile: Hong Kong Wing On Travel Service Ltd
13.1.1 Hong Kong Wing On Travel Service Ltd – company overview
13.1.2 Hong Kong Wing On Travel Service Ltd – main services
13.1.3 Hong Kong Wing On Travel Service Ltd – key competitors
13.1.4 Hong Kong Wing On Travel Service Ltd – key employees
13.2 Company Profile: China Travel Service (Hong Kong) Limited
13.2.1 China Travel Service (Hong Kong) Limited – company overview
13.2.2 China Travel Service (Hong Kong) Limited – main services
13.2.3 China Travel Service (Hong Kong) Limited – key competitors
13.2.4 China Travel Service (Hong Kong) Limited – key employees
13.3 Company Profile: Hong Kong Exclusive Limited
13.3.1 Hong Kong Exclusive Limited – company overview
13.3.2 Hong Kong Exclusive Limited – main services
13.3.3 Hong Kong Exclusive Limited – key competitors
13.3.4 Hong Kong Exclusive Limited – key employees
13.4 Company Profile: Destination (Asia-Hong Kong) Travel Ltd
13.4.1 Destination (Asia-Hong Kong) Travel Ltd – company overview
13.4.2 Destination (Asia-Hong Kong) Travel Ltd – main services
13.4.3 Destination (Asia-Hong Kong) Travel Ltd – key competitors
13.4.4 Destination (Asia-Hong Kong) Travel Ltd – key employees
13.5 Company Profile: Lotus Tours Limited
13.5.1 Lotus Tours Limited – company overview
13.5.2 Lotus Tours Limited – Main services
13.5.3 Lotus Tours Limited – key competitors
13.5.4 Lotus Tours Limited – key employees
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