Hong Kong, China

Hong Kong had one of the highest levels of per capita disposable income globally in 2019. A thriving labour market and high standard of living will drive consumer expenditure growth over 2020-2040. However, the income gap is expected to remain large....

The dramatic decline in inbound tourism due to the COVID-19 pandemic has had a marked impact on leisure car rental, which is set to see a significant drop in value and transactions in 2020. This followed a significant decline in the previous year ...

The dramatic decline in inbound tourism has had a marked effect on the performance of lodging in Hong Kong. The increase in domestic travel, as restrictions have eased, has only partially offset the impact of the fall in inbound arrivals. In this ...

The restrictions on travel imposed in order to limit the spread of COVID-19 have had a significant negative impact on online travel sales and the performance of intermediaries. Expedia, the second largest online travel sales and intermediaries player...

Cathay Pacific Airways Ltd remains the largest player in airlines, though its dominant position has been significantly challenged due to financial losses and increasing domestic competition. The company’s reliance on mainland China, which accounts ...

Travel restrictions imposed in order to limit the spread of COVID-19 have had a dramatic negative impact on the travel industry in 2020. Global travel came to a halt as countries around the world closed their borders, while demand for domestic trips ...

Heavily reliant on tourists from mainland China, Hong Kong was one of the first travel and tourism markets to feel the impact of COVID-19. At the time of writing, the government has launched three rounds of measures to address the effects of the ...

Sales of in-car entertainment in 2020 are expected to be impacted by the weak economic conditions as a result of COVID-19 and following anti-government protests. Consumers are more cautions with their spending and are increasingly reluctant to ...

Desktop and laptops are benefitting from the COVID-19 outbreak in Hong Kong. Social distancing measures has forced consumers to work and learn from home, resulting in an increase in demand for home office equipment. All categories of computers and ...

With the social unrest towards the end of 2019 and the outbreak of COVID-19 outbreak in 2020, sales of imaging devise are set to record further sharp decline in 2020. According to industry sources, a significant portion of revenue is contributed by ...

The economic impact of the COVID-19 outbreak has impacted consumer confidence and consumers are far more cautious with their spending, affecting sales of mobile phones in 2020. In addition, due to the halt in international travelling and travel flow ...

The economic impact of both COVID-19 and social unrest in Hong Kong resulted in shrinking disposable incomes and consumers being extremely cautious about spending in 2020. Sales of consumer electronics are consequently expected to record double-digit...

Due to the economic impact of the protests and unrest in Hong Kong as well as the outbreak of COVID-19, consumers are much more cautious with their spending in 2020. Whilst this benefits mid-tier LCD TVs, more expensive premium products, including ...

Sales of portable players have dropped significantly in 2020 due to the COVID-19 outbreak and the consequent halt in tourism as a significant portion of sales of these products is contributed by tourists. High-end portable players are especially ...

Following two years of decline, activity bands are expected to see pleasing retail volume growth in 2020. People working from home due to the COVID-19 pandemic has caused a spike in demand for these products to help track fitness progress. As ...

Home audio and cinema sales have been significantly impacted in 2020, with double-digit decline anticipated for the year. Weakened economic conditions due to the combined effect of the COVID-19 and civil unrest has resulted in shrinking disposable ...

Hong Kong, China’s economy will experience a sharp contraction in 2020. In the first half of the year, the Coronavirus (COVID-19) pandemic hit the external sector and, added to local political tensions, battered domestic demand. Private consumption ...

In 2019, Hong Kong was rocked by the outbreak of the Anti-Extradition Bill Movement, with fierce protests taking place in most parts of the city since June 2019. Social unrest seriously damaged sales of most wine products like sparkling wine and ...

Sales of alcoholic drinks have been heavily impacted by the closure of cafés, pubs and restaurants during the lockdown in response to the COVID-19 pandemic in the first half of 2020. This has decimated sales of alcoholic drinks on-trade in 2020 ...

On-trade businesses have been heavily affected by recent protests and civil unrest, with regular violent demonstrations in Q4 2019 resulting in many consumers deciding to stay at home rather than dine out....