PROSPECTS AND OPPORTUNITIES
Potential opportunities in the ongoing emergence of “bleisure” travel
Retail sales in experiential luxury are forecast to increase at a current value CAGR of 8% (2024 constant value CAGR of 5%) over 2024-2029 to total HKD22.9 billion.
Luxury hotels to drive growth, while luxury foodservice faces struggle
Luxury hotels is expected to see retail sales increase at a CAGR of 8% (6% 2024 constant value CAGR) over 2024-2029, making it the fastest growing category within experiential luxury. Sales will increase to reach HKD22.
Long road to full recovery of inbound tourism
While inbound tourism is set to increase over 2024-2029, Hong Kong still faces a long road to full recovery. Consumers tend to have been going on fewer holidays on the whole since the pandemic, although more time and money is typically being spent on them.
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Overview:
Understand the latest market trends and future growth opportunities for the Experiential Luxury industry in Hong Kong, China with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Experiential Luxury industry in Hong Kong, China, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Experiential Luxury in Hong Kong, China report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Experiential Luxury in Hong Kong, China?
- Which are the leading brands in Experiential Luxury in Hong Kong, China?
- How are products distributed in Experiential Luxury in Hong Kong, China?
- How important is tourism in evaluating demand for Experiential Luxury in Hong Kong, China?
- How is the rise of e-commerce changing the retail and competitive landscape?
- How has COVID-19 and global recession impacted demand for luxury goods? What are the opportunities amidst the adversity?
- Where is future growth expected to be most dynamic?
Experiential Luxury in Hong Kong, China - Category analysis
KEY DATA FINDINGS
Challenges remain despite continued rise in inbound arrivals
Regal Hotels International Holdings regains lead
Growing emphasis on sustainability
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
Luxury Goods in Hong Kong, China - Industry Overview
Luxury goods in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
DISCLAIMER
The following categories and subcategories are included:
Experiential Luxury
- Luxury Foodservice
- Luxury Hotels
Experiential Luxury
This is an aggregation of Luxury Hotels and Luxury Foodservice.
See all of our definitionsWhy 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 report originates from Passport, our Experiential Luxury research and analysis database.
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