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Hong Kong Tourism Report Q1 2016

Hong Kong Tourism Report Q1 2016

BMI View: Hong Kong possesses a very strong tourism market, bolstered by its proximity to China. Theindustry is well developed, with a strong hotel base and a government committed to supporting the industryover the next few years via marketing and attempts to reduce visa restrictions. Some political disagreementwith China and a strong competition from other Asian countries has slowed growth, but the medium termprospects are strong for the country. Whilst there needs to be a development of tourist attractions outside ofretail, inbound arrivals can be expected to increase in secondary source markets.

Key updates and forecasts

Inbound arrivals will reach 75.4m in 2019, up 13.9% from 2016. Asia Pacific will provide 95.3% of allarrivals in 2019. Despite the positive outlook, Golden Week (one of the major periods of travel for Chinesetourists into Hong Kong) proved massively disappointing for the industry, with a drop in y-o-y growth innumbers and spending. The Hong Kong government is looking at introducing online visa applications forChinese citizens to arrest this, but implementation will depend on China's view on the proposal.

BMI Industry View
Table: Key Forecasts (Hong Kong 2012-2019)
Industry Forecast
Table: Inbound Tourism (Hong Kong 2012-2019)
Table: Tourism Receipts (Hong Kong 2012-2019)
Table: Hotel Accommodation (Hong Kong 2012-2019)
Table: Tourist Departures and Consumption (Hong Kong 2012-2019)
Industry Risk/Reward Index
Table: Asia Tourism Risk/Reward Index
Market Overview
Competitive Landscape
Table: Domestic Hotels
Table: International Hotel Groups
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Weighting Of Indicators

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