| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| CAGR | 5.70% |
Major Players*Disclaimer: Major Players sorted in no particular order |
Hospitality in Hong Kong Market Analysis
The Hospitality Industry in Hong Kong Market is expected to register a CAGR of greater than 5.7% during the forecast period.
Hospitality in Hong Kong Market Trends
The Competition between Domestically Grown and International Brands is Influencing the Supply Dynamics
The hospitality industry in Hong Kong is a combination of domestically grown brands and chain hotels and international brands and their chain hotels. According to the latest release by the Home Affairs Department of Hong Kong, the country has 299 registered hotels that belong to different hotel brands and market segments constituting 186 chain hotel properties that are spread across the country. The international brands and their chain hotels are occupying 57% of the total hotel properties whereas the domestically grown hotels constitute for 43% of the total hotel properties. Though the domestically grown brands and their hotel chains are occupying less share of the market in terms of total hotel properties, they are adding a high number to the total rooms/keys to the supply.
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The Mid- and Upper Mid-scale Segment Hotels are Dominating the Market
The Mid and Upper Mid-scale hotel segment is dominating the market with around 79% of total registered hotels belongs to that category followed by approximately 18% of luxury hotels. The budget and economy segment hotels constitute just 0.1% of the total indicating the negligible demand for them. Though most chains of both international and domestic brands are less focusing on the budget and economy segment, the segment is largely covered by the individual hotel properties.
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Hospitality in Hong Kong Industry Overview
The chain hotels are dominating the hotel market in terms of total room/keys supply and account for around 73% of total supply and the domestically grown brands are dominating the overall supply. Harbour Plaza and Regal Hotels International account for largest supply of total rooms/keys with 11 and 9 hotels, and around 7,500 and 4,900 rooms/keys respectively. Marriott International and IHG are the leading international brands with high presence rate in Hong Kong as Marriott has 9 hotels and around 4,500 rooms/keys and IHG has 12 hotels and around 3,700 rooms/keys.
Hospitality in Hong Kong Market Leaders
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Harbour Plaza Hotel Management Limited
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Regal Hotels International
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Marriott International Inc
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InterContental Hotel Group
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Dorsett Hospitality International
- *Disclaimer: Major Players sorted in no particular order
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Hospitality in Hong Kong Industry Segmentation
A complete background analysis of the Hospitality Industry in Hong Kong, which includes an assessment of the industry associations, overall economy, and emerging market trends by segments, significant changes in the market dynamics, and market overview is covered in the report.
| By Type | Chain Hotels |
| Independent Hotels | |
| By Segment | Service Apartments |
| Budget and Economy Hotels | |
| Mid and Upper Mid Scale Hotels | |
| Luxury Hotels |
By Type
| Chain Hotels |
| Independent Hotels |
By Segment
| Service Apartments |
| Budget and Economy Hotels |
| Mid and Upper Mid Scale Hotels |
| Luxury Hotels |
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Hospitality in Hong Kong Market Research FAQs
What is the current Hong Kong Hospitality Market size?
The Hong Kong Hospitality Market is projected to register a CAGR of greater than 5.7% during the forecast period (2025-2030)
Who are the key players in Hong Kong Hospitality Market?
Harbour Plaza Hotel Management Limited, Regal Hotels International, Marriott International Inc, InterContental Hotel Group and Dorsett Hospitality International are the major companies operating in the Hong Kong Hospitality Market.
What years does this Hong Kong Hospitality Market cover?
The report covers the Hong Kong Hospitality Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Hong Kong Hospitality Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Hospitality in Hong Kong Industry Report
The Outlook of Hong Kong Hospitality Industry is segmented by type, including chain hotels and independent hotels, and by segment, encompassing service apartments, budget and economy hotels, mid and upper mid-scale hotels, and luxury hotels. The industry overview provides a comprehensive understanding of the market dynamics and trends that shape the hospitality sector in Hong Kong.
The market overview highlights the industry's growth, driven by various factors such as increasing tourism and business travel. The industry analysis delves into the market size, market segmentation, and market value, offering insights into the different segments and their respective contributions to the overall market.
Industry statistics and industry information are crucial for understanding the current state and future prospects of the hospitality industry in Hong Kong. The industry research and market data provide detailed insights into market trends, market growth, and market predictions, helping stakeholders make informed decisions.
The industry outlook and market forecast offer a forward-looking perspective on the industry's potential, including growth rate and market outlook. The market review and market overview help in understanding the competitive landscape, including market leaders and their strategies.
The report pdf and industry reports serve as valuable resources for industry professionals, providing in-depth analysis and data. Industry sales and industry size are key metrics that highlight the market's performance and potential for growth.
The report example and research companies sections provide practical insights and examples of how industry research is conducted. The industry trends and market segmentation sections offer a detailed analysis of the latest trends and how different market segments are evolving.
Overall, the hospitality industry in Hong Kong shows promising growth, with various segments contributing to the market's expansion. The industry forecast and market predictions indicate a positive outlook, driven by strong market growth and favorable market conditions.
