Luxury Hotels in Hong Kong, China

Luxury Hotels in Hong Kong, China

Conditions of economic slowdown in China due to the trade war with the US, and the extended period of social unrest in Hong Kong, had a negative impact on the luxury hotel industry. This industry is highly dependent on the mainland market, with inbound mainland tourists accounting for 78% of total arrivals in 2018. To offset the negative influences, players integrated technology to improve personalised services in an effort to boost customer retention. For repeat customers, companies utilised da...

Euromonitor International's Luxury Hotels in Hong Kong, China report offers a comprehensive guide to the size and shape of the Luxury Hotels 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 Luxury Hotels retailing along with the development of consumers’ shopping patterns. Forecasts to 2024 illustrate how the market is set to change

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Luxury Hotels 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.

Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.


Luxury Hotels in Hong Kong, China
Euromonitor International
January 2020
LIST OF CONTENTS AND TABLES
Headlines
Prospects
Luxury Hotel Players Implement Technological Developments To Offer Added-value Benefits To Repeat Visitors
Improved Transport Infrastructure To Boost Tourist and Business Travel, Benefiting Luxury Hotels
Hotel Players Are Developing Their Own Direct Sales Channels
Competitive Landscape
Prestigious Locations Underpin Hong Kong's Luxury Hotel Offer
International Players' Greater Financial Clout Underpins Their Ability To Invest in Marketing, Promotion and Technological Advances
Staycation SpA Offers Gain Popularity As Tourism Industry Suffers
Category Data
Table 1 Sales in Luxury Hotels: Value 2014-2019
Table 2 Sales in Luxury Hotels: % Value Growth 2014-2019
Table 3 Sales in Luxury Hotels by Country of Origin: % Value 2014-2019
Table 4 NBO Company Shares in Luxury Hotels: % Value 2014-2018
Table 5 LBN Brand Shares in Luxury Hotels: % Value 2015-2018
Table 6 Forecast Sales in Luxury Hotels: Value 2019-2024
Table 7 Forecast Sales in Luxury Hotels: % Value Growth 2019-2024
Executive Summary
Multiple Factors Lead To Negative Growth in Most Categories in 2019, Men and Millennials Increasingly Important Consumer Segments
Mainland China Represents Increasing Threat To Shopping in Hong Kong
German Carmakers Accelerate While Tesla Loses Drive As Tax Benefits Enjoyed by Electric Vehicles Come To An End
Civil Unrest and High Rents Contribute To Growth of Online Shopping, Increased Demand for Second-hand Luxury Items in Evidence
Consumers Likely To Demonstrate Pent-up Demand When Civil Unrest Abates
Market Indicators
Table 8 Number of High Net Worth Individuals (HNWI): 2014-2019
Market Data
Table 9 Sales of Luxury Goods by Category: Value 2014-2019
Table 10 Sales of Luxury Goods by Category: % Value Growth 2014-2019
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2014-2019
Table 12 NBO Company Shares of Luxury Goods: % Value 2014-2018
Table 13 LBN Brand Shares of Luxury Goods: % Value 2015-2018
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2019
Table 15 Forecast Sales of Luxury Goods by Category: Value 2019-2024
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2019-2024
Definitions
Sources
Summary 1 Research Sources

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