As the Omicron variant of COVID-19 emerged in Hong Kong, its presence led to a spike in daily cases in Q1 2022. Luxury foodservice was severely impacted by measures introduced by the government to limit the spread of the fifth wave of the virus in January 2022, including the policy of no dining after 18.
It is expected that the sales of luxury hotels will recover to the 2019 level of sales in 2024, as Hong Kong’s tourism industry will be able to rebound strongly in 2023, bringing travellers back to the city. Experiential luxury suffered major declines in Hong Kong in 2019 and 2020, due to social unrest in 2019, and the government’s suspension of inbound tourism from March 2020.
The adoption of technology has been accelerated in luxury hotels to enhance the customer experience, and is seen in the prevalence of contactless check-in and in-room technology. In this way, hotels can provide a safer service and reduce human contact.
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Understand the latest market trends and future growth opportunities for the Experiential Luxury industry in Hong Kong, China with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
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This is an aggregation of Luxury Hotels and Luxury Foodservice.See All of Our Definitions
This report originates from Passport, our Experiential Luxury research and analysis database.
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