Fast Market Research recommends "Hong Kong Tourism Report Q3 2014" from Business Monitor International, now available
[EUPRwire, Tue Jun 24 2014] The tourism report for Hong Kong looks at a range of key indicators in this flourishing Asia Pacific market, with growth expected across inbound and outbound travel, the hotel sector, tourism expenditure and overall industry value throughout our forecast period to 2018.
Hong Kong's inbound travel market is dominated by countries from within the Asia Pacific region, with China in particular providing the bulk of arrivals, thanks to geographical proximity, ease of travel and broad historical and cultural connections. Owing to general economic growth in the Asia Pacific region and beyond, we expect to see inbound arrivals to Hong Kong increase steadily from an already impressive base. After year-on-year growth of around 8% over the coming years, we expect arrivals will surpass an impressive 78mn in 2018 - an enormous market for the small territory.
Full Report Details at
While we expect growth rates in outbound travel to be a little slo wer through the forecast period; this is more due to the already well- developed nature of the outbound travel market as opposed to any general decline in travel. In fact , Hong Kong already has one of the highest rates for the number of departures per population, and outbound travel is expected to increase from 11 .1 mn in 2013 to 12.6mn in 2018.
Hong Kong has long been established as a key transit hub in the Asia Pacific region. It is a popular entrance to mainland China for travellers from Western markets, and many long-haul travellers from Europe and America also use Hong Kong as a short-stay connection in between long-haul flights to other destinations in the regions. With a very well-developed transport infrastructure, including the highly rated Hong Kong International Airport, one of the busiest in the world, the territory is well placed to keep up with the expected increases in inbound and outbound travel. However, it is not resting idly, and a range of infrastructure development projects are planned or under way to keep tourism expanding.
The Hong Kong Tourism Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.
BMI's Hong Kong Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Hong Kong tourism industry.
* Benchmark BMI's independent tourism industry forecasts for Hong Kong to test other views - a key input for successful budgetary and planning in the Hong Kong tourism market.
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
You may also be interested in these related reports:
- United States Tourism Report Q3 2014
- Oman Tourism Report Q3 2014
- Costa Rica Tourism Report Q3 2014
- Brazil Tourism Report Q3 2014
- Kenya Tourism Report Q3 2014