Market Report, "Travel and Tourism in Hong Kong to 2017", published

From: Fast Market Research, Inc.
Published: Thu Jul 04 2013

Domestic and outbound tourism in Hong Kong has recovered after a brief decline due to the financial downturn in 2009. International arrivals to the country registered healthy growth during the review period. Hong Kong has a modern and well-developed transport infrastructure. The country's ports provide a natural hub for shipping to and from Europe, the Americas and Asia-Pacific. Tourism has a significant impact on the country's economy. According to the World Travel and Tourism Council (WTTC), tourism contributed 18.5% to the country's GDP and accounted for 16.2% of the total employment in 2012. In 2011, the Hong Kong Tourism Board (HKTB) launched the promotional campaign 'Asia's World City' to create more awareness of Hong Kong as an attractive tourist destination.

Full Report Details at

Key Highlights

* Factors driving the growth of inbound tourism into Hong Kong include the country's low crime rate, cosmopolitan nature and its well-developed transport infrastructure. Hong Kong has cultivated itself as a business hub, with an increasing number of businesses being based in the country, and global events and conferences attracting high numbers of business tourists. According to data published by the Hong Kong Trade Development Council (HKTDC), Hong Kong hosts more than 300 international conventions and exhibitions a year.
* Hong Kong's tourism sector is more dependent on international arrivals and the region's domestic tourist flows are very low compared to inbound tourist volumes. The main reason behind the low volume of domestic tourism is the small size of the population and geographical area. In 2012, Hong Kong registered 841,332 domestic trips, while inbound trips totaled 23.8 million.
* The government and the Hong Kong Tourism Board (HKTB) introduced a number of promotional campaigns to achieve growth in inbound tourist flows. Campaigns by HKTB feature seasonal-specific themes such as Hong Kong Halloween Treats, Hong Kong Mid-Autumn Festival and Hong Kong WinterFest.
* The government is making efforts to promote business tourism in the region by promoting meetings, incentives, conferences, and exhibitions (MICE) events. In November 2008, HKTB established Meetings and Exhibitions Hong Kong (MEHK). MEHK is responsible for the marketing and promotion of MICE in Hong Kong.
* Hong Kong is a key business hub in Asia and is connected with other major cities in the region. HKIA operates flights to more than 160 destinations worldwide through over 100 passenger airlines and 6,400 scheduled flights per week. From July 2013, low-cost airline Tiger Airways will run the first low-cost carrier flights direct from Hong Kong to Jakarta, four times per week.

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