Hong Kong is a major tourist destination for tourists from all around the world, but particularly from mainland China. The luxury goods market in Hong Kong has experienced a slight decline in recent years. Contributing factors behind this include the anti-corruption movement in mainland China, a declining economic growth as well as a decline in tourist flows from mainland China due to the social tensions between Hong Kong and China.
However, the authenticity, exclusivity and better prices that the Hong Kong luxury goods market offers, make it a major destination for consumers from around the world. Therefore, in spite of the factors affecting growth somewhat in Hong Kong, the luxury goods industry continued to post robust growth in 2014 and 2015.
Taiyou Research’s report Luxury Goods Market in Hong Kong analyzes the market for luxury goods in Hong Kong, China. The report covers the following:
Industry overview and sales figures.
An analysis of the growth in the Hong Kong luxury goods industry through a flourishing tourism industry.
A look at the increasing number of mergers and acquisitions in the market along with industry consolidation.
Analysis of the slowdown in online retailing.
Analysis of the competition in the industry.
An analysis of the major industry players and their strategies to move ahead and sustain their growth in the industry.
Industry outlook till 2020 along with an analysis of the impact of various trends on the market in the coming years.