Hotels & Motels in Hong Kong
Summary
Hotels & Motels in Hong Kong industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Synopsis
Essential resource for top-line data and analysis covering the Hong Kong hotels & motels market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
Key Highlights
- The hotels & motels industry value consists of all room revenues generated by hotels, motels and other accommodation providers through the provision of accommodation. The value does not include non-room revenues, such as casinos, shops and telecommunication services.
- The Hong Kong hotels & motels industry's total revenue valued $8.5bn in 2016, representing a compound annual rate of change (CARC) of -1.9% between 2012 and 2016.
- Industry consumption volume increased with a CAGR of 5.5% between 2012 and 2016, to reach a total of 264.0 establishments in 2016.
- The recovery of Hong Kong's hotel industry in 2016 is entirely due to the growth of demand, as operators continued to drop the average price of accommodation in an attempt to improve occupancy rates, which suffered from weaker demand and strong supply during earlier years. Moreover, the sharp decline of the industry in 2015 was induced by the 5.5% drop of overnight visitors from mainland China in that year.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the hotels & motels market in Hong Kong
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hotels & motels market in Hong Kong
- Leading company profiles reveal details of key hotels & motels market players' global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Hong Kong hotels & motels market with five year forecasts by both value and volume
Reasons to buy
- What was the size of the Hong Kong hotels & motels market by value in 2016?
- What will be the size of the Hong Kong hotels & motels market in 2021?
- What factors are affecting the strength of competition in the Hong Kong hotels & motels market?
- How has the market performed over the last five years?
- What are the main segments that make up Hong Kong's hotels & motels market?
