Hong Kong, China

The report examines how the Shifting Market Frontiers megatrend has evolved over the last 12 months. It provides analysis on how shifting economic power, technology, and population changes are impacting core Shifting Market Frontier megatrends, and ...

Hong Kong’s public transport system is highly developed and sophisticated. Smart electronic money payment, the so-called Octopus card, has made the payment process quick and efficient since its introduction in 1997. The payment system is available ...

Despite growing concerns over the effects of a full-on trade war and a gloomy global economic outlook, the International Air Transport Association (IATA) reported strong global growth in passenger revenue in 2019. Asia Pacific continued to ...

The Hong Kong- Zhuhai-Macau Bridge (HZMB) and the Guangzhou-Shenzhen-Hong Kong Express Rail Link (XRL), both of which opened in the second half of 2018, have increased the number of visitors to Hong Kong from mainland China. While there has been an ...

Traditional offline agencies continued to decline in 2019 in terms of their share of total travel agent sales. At the same time, the large OTA players such as Ctrip and Expedia posted strong growth, accentuating the concentration in the industry. ...

In 2019, Hong Kong continued to showcase itself as a hotspot for tourism in Asia. With growing infrastructure, the city continues to position itself as an attractive destination for both leisure and business travellers. The recent completion of the ...

Mainland Chinese tourists continued to constitute the backbone of Hong Kong inbound tourism in 2019. With the completion of both the Hong Kong-Macau-Zhuhai bridge (HMZB) and the High Speed Rail line connecting Hong Kong with Guangzhou and Shenzhen, ...

Light-touch regulations that promote an open economy have secured favourable rankings for the business environment. However, corruption has negatively impacted the political landscape and China is making further inroads into the rule of law that ...

Consumers in Hong Kong are increasingly using their smartphones as navigational tools, due to the greater accuracy of their GPS capabilities, replacing the need for specific in-car navigation devices such as Garmin and TomTom. Car chargers and ...

Retail volume sales of laptops continued to suffer from declining demand in 2019, with the replacement cycle of laptops gradually being extended for home use with many consumers now using their laptops for web surfing and document editing, which ...

As the trend for narrow televisions continues to increase in Hong Kong due to their sleek designs, the quality of sound tends to drop. Therefore, using a soundbar as a complimentary sound system is becoming increasingly common in Hong Kong, ...

Overall retail volume sales of televisions continued to decline in 2019, influenced by the negative performance of the largest category of LCD TVs. Despite, the increasing penetration of internet smart TVs within the LCD format, the need for a ...

Retail volume sales of imaging devices continued to record decline in 2019, influenced by the poor performance of the largest category of digital cameras. This is due to the continuous rise in usage of smartphones to take photographs to post on ...

Smartphones continued to record declining demand in 2019, following a negative trend that began at the end of 2014 and is predicted to continue into the forecast period. High smartphone penetration in households and longer replacement cycles due to ...

Most categories within consumer electronics in Hong Kong continued to experience declining retail volume sales in 2019, with the exception of newer entries to the market such as smart wearables, OLED TVs and wireless speakers. These products offer ...

With the removal of headphone jacks on smartphones by major brands such as Apple iPhone X, Samsung Galaxy S9 and Google Pixel 2, there is increasing demand for wireless technology, fuelling the strong retail volume growth of wireless speakers in ...

Smart wearables continued to record impressive retail volume growth in Hong Kong in 2019, while still recording an increase in unit price as the category moved towards premiumisation in the country. New models of smart wearables now have ...

The biggest influence on Hong Kong’s households is property prices, which continue to surge across all residential segments. In the world’s least affordable city for housing, decisions like childbirth and consumption patterns are heavily impacted by ...

Hong Kong, China’s economy is growing at a healthy pace. A sharp economic downturn in China, spillovers from the trade war between China and the United States, and domestic civil unrest will hamper the economy in 2019. However, a tight labour market ...

Mid-priced lager is the largest category within beer in Hong Kong but it registered slow growth in on-trade volume terms in 2018, with the category expected to decline over the forecast period. Demand for mid-priced lager has fallen with the category...