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Country Report

Luxury Hotels (5-star plus) in

Luxury Hotels (5-Star Plus) in Hong Kong, China

18 pages, Feb 2018

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Improvement in tourist arrivals into Hong Kong benefits luxury hotels

According to the Hong Kong Tourism Board, total tourist arrivals as of October 2017 witnessed stable growth, while Mainland Chinese tourist numbers were marginally higher versus the same period in 2016. The latter was also the first rebound after a 2-year decline.

Investments in tourism projects to support luxury hotels’ performance

2017 witnessed the Hong Kong Government investing strongly in marketing campaigns under “My Time for Hong Kong” tagline that highlighted its tourist attractions, as well as its attractiveness as a shopping and dining destination. The Tourism Board also partnered several airlines such as Cathay Pacific to offer promotional packages to encourage visitors to spend more than three nights in the country.

Consumers’ willingness to indulge in the experience will continue

While most leisure visitors stayed at budget to mid-range hotels over the review period since they spent most of their time touring the city, this trend changed during 2017 and is set to continue over the forecast period. An increasing number of leisure visitors are increasingly willing to spend more on their accommodation to upgrade their overall holiday experience by having a more comfortable stay and to enjoy other benefits instead of travelling around.

COMPETITIVE LANDSCAPE

Domestic and international chains compete fiercely in luxury hotels

Marriott International Inc, the leader of luxury hotels in 2016 was the only foreign chain within the top five players. The other top four players were of domestic organisations, namely, Sun Hung Kai Properties Ltd, Marco Polo Hotels Management Ltd, Shangri-La Asia Ltd and Mandarin Oriental International Ltd.

Future openings planned

In a bid to strengthen its foothold in Hong Kong, Marriott International will be opening the Ocean Hotel at the key tourist attraction in Hong Kong, Ocean Park in late 2018. Targeting both business and leisure visitors, the new hotel involves a HKD5.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Luxury Hotels (5-star plus) industry in Hong Kong, China with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Luxury Hotels (5-star plus) industry in Hong Kong, China, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Hotels (5-star plus) in Hong Kong, China market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Luxury Hotels (5-star plus) in Hong Kong, China?
What are the major brands in Hong Kong, China?
What is the rate of development for chained hotels vs independent hotels?
How are luxury hotels performing compared to mid-priced and budget hotels?
Is there an increase in hostels and campsites?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our

Travel and Tourism market research database

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Luxury Hotels (5-Star Plus) in Hong Kong, China - Category analysis

HEADLINES

PROSPECTS

Improvement in tourist arrivals into Hong Kong benefits luxury hotels

Investments in tourism projects to support luxury hotels’ performance

Consumers’ willingness to indulge in the experience will continue

COMPETITIVE LANDSCAPE

Domestic and international chains compete fiercely in luxury hotels

Future openings planned

CATEGORY DATA

Table 1 Sales in Luxury Hotels (5-star plus): Value 2012-2017
Table 2 Sales in Luxury Hotels (5-star plus): % Value Growth 2012-2017
Table 3 Sales in Luxury Hotels (5-star plus) by Country of Origin: % Value 2013-2017
Table 4 NBO Company Shares of Luxury Hotels (5-star plus): % Value 2012-2016
Table 5 LBN Brand Shares of Luxury Hotels (5-star plus): % Value 2013-2016
Table 6 Forecast Sales in Luxury Hotels (5-star plus): Value 2017-2022
Table 7 Forecast Sales in Luxury Hotels (5-star plus): % Value Growth 2017-2022

Luxury Goods in Hong Kong, China - Industry Overview

EXECUTIVE SUMMARY

Recovery in tourist arrivals and economic conditions benefit luxury goods

Luxury goods rebounds to positive growth during 2017

Luxury goods players emphasise consumer engagement

Internet retailing remains a small channel

Luxury goods to grow positively, though challenges remain

MARKET INDICATOR

Table 8 Number of High Net Worth Individuals (HNWI): 2012-2017

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2012-2017
Table 10 Sales of Luxury Goods by Category: % Value Growth 2012-2017
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2017
Table 12 NBO Company Shares of Luxury Goods: % Value 2012-2016
Table 13 LBN Brand Shares of Luxury Goods: % Value 2013-2016
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2017
Table 15 Forecast Sales of Luxury Goods by Category: Value 2017-2022
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2017-2022

Megatrends

Country Report

Luxury Hotels (5-Star Plus) in Hong Kong, China

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Improvement in tourist arrivals into Hong Kong benefits luxury hotels

Investments in tourism projects to support luxury hotels’ performance

Consumers’ willingness to indulge in the experience will continue

COMPETITIVE LANDSCAPE

Domestic and international chains compete fiercely in luxury hotels

Future openings planned

Overview

Why buy this report?

SAMPLES

Delivery

Overview

Want to find out more about this report?

Table of Contents

Luxury Hotels (5-Star Plus) in Hong Kong, China - Category analysis

HEADLINES

PROSPECTS

Improvement in tourist arrivals into Hong Kong benefits luxury hotels

Investments in tourism projects to support luxury hotels’ performance

Consumers’ willingness to indulge in the experience will continue

COMPETITIVE LANDSCAPE

Domestic and international chains compete fiercely in luxury hotels

Future openings planned

CATEGORY DATA

Luxury Goods in Hong Kong, China - Industry Overview

EXECUTIVE SUMMARY

Recovery in tourist arrivals and economic conditions benefit luxury goods

Luxury goods rebounds to positive growth during 2017

Luxury goods players emphasise consumer engagement

Internet retailing remains a small channel

Luxury goods to grow positively, though challenges remain

MARKET INDICATOR

MARKET DATA

SOURCES

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