
Experiential Luxury in Hong Kong, China
Description
Experiential Luxury in Hong Kong, China
Experiential luxury is set to see a modest rise of 3% in retail value sales in current terms in Hong Kong in 2024, to reach HKD15.6 billion. Value sales declined by 70% to HKD3.8 billion in 2020, but by 2023 had exceeded their pre-pandemic level of HKD12.7 billion. Key source markets for inbound travellers in 2024 are set to include China, the Philippines, Taiwan, Thailand, and the US. Arrivals from these countries are expected to spend HKD5,672, HKD2,525, HKD6,898, HKD5,736, and HKD15,038 on ea...
Euromonitor International's Experiential Luxury in Hong Kong, China report offers a comprehensive guide to the size and shape of the Experiential Luxury market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Experiential Luxury retailing along with the development of consumers’ shopping patterns. Forecasts to 2028 illustrate how the market is set to change
Product coverage: Luxury Foodservice, Luxury Hotels.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
* Get a detailed picture of the Experiential Luxury market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop
Table of Contents
20 Pages
- Experiential Luxury in Hong Kong, China
- Euromonitor International
- October 2024
- List Of Contents And Tables
- EXPERIENTIAL LUXURY IN HONG KONG, CHINA
- KEY DATA FINDINGS
- 2024 DEVELOPMENTS
- Challenges remain despite continued rise in inbound arrivals
- Regal Hotels International Holdings regains lead
- Growing emphasis on sustainability
- PROSPECTS AND OPPORTUNITIES
- Potential opportunities in the ongoing emergence of “bleisure” travel
- Luxury hotels to drive growth, while luxury foodservice faces struggle
- Long road to full recovery of inbound tourism
- CATEGORY DATA
- Table 1 Sales of Experiential Luxury by Category: Value 2019-2024
- Table 2 Sales of Experiential Luxury by Category: % Value Growth 2019-2024
- Table 3 NBO Company Shares of Experiential Luxury: % Value 2019-2023
- Table 4 LBN Brand Shares of Experiential Luxury: % Value 2020-2023
- Table 5 Forecast Sales of Experiential Luxury by Category: Value 2024-2029
- Table 6 Forecast Sales of Experiential Luxury by Category: % Value Growth 2024-2029
- LUXURY GOODS IN HONG KONG, CHINA
- EXECUTIVE SUMMARY
- Luxury goods in 2024: The big picture
- 2024 key trends
- Competitive landscape
- Retailing developments
- What next for luxury goods?
- MARKET DATA
- Table 7 Sales of Luxury Goods by Category: Value 2019-2024
- Table 8 Sales of Luxury Goods by Category: % Value Growth 2019-2024
- Table 9 Inbound Receipts for Luxury Goods by Country of Origin: Value 2019-2024
- Table 10 NBO Company Shares of Luxury Goods: % Value 2019-2023
- Table 11 LBN Brand Shares of Luxury Goods: % Value 2020-2023
- Table 12 Distribution of Luxury Goods by Format and Category: % Value 2024
- Table 13 Forecast Sales of Luxury Goods by Category: Value 2024-2029
- Table 14 Forecast Sales of Luxury Goods by Category: % Value Growth 2024-2029
- DISCLAIMER
- SOURCES
- Summary 1 Research Sources
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.