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 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.
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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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.
Experiential Luxury
This is an aggregation of Luxury Hotels and Luxury Foodservice.
See All of Our DefinitionsThis report originates from Passport, our Experiential Luxury research and analysis database.
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