Tourism and Travel
Hong Kong, the city where east meets west, boasts a wealth of shopping, dining and entertainment attraction. Tourism is one of Hong Kong’s four pillar industries and the city has rich experience in serving hotel guests, cruise passengers and conference delegates to international standards. Hong Kong’s prosperous and well-travelled local population presents exciting opportunities for travel service companies, while the city’s strategic location within five hours’ flight of half the world’s population secures its popularity as a leisure and business travel destination.
Hong Kong is well known for being home to some of the world’s finest hotels and the rapid growth of business and leisure travel in Asia has increased demand for accommodation at every price level. Hotel occupancy is high, at 86 percent in 2015 and visitor numbers are set to increase.
Hong Kong’s popularity as a destination for international and Mainland Chinese visitors means excellent brand exposure for chains that locate in the city, while pro-business immigration and labour legislation secure a steady supply of high quality multilingual hospitality talent.
If you are a hotel operator seeking opportunities for expansion in Asia-Pacific, InvestHK’s Tourism & Hospitality team can answer your questions.
Travel Service Companies
In addition to being Asia’s most popular city destination, Hong Kong’s outbound travel market offers exciting potential for investors. Hong Kong’s GDP per capita is the second highest in Asia and it has a high-spending, well-travelled population. This, combined with Hong Kong’s transport connectivity and low and simple taxes, make it the ideal location for travel services operators.
For travel companies interested in expansion beyond Hong Kong, the Closer Economic Partnership Arrangement (CEPA) means that Hong Kong-based companies enjoy preferential treatment in Mainland China.
If you have a travel services business and want to find out more about opportunities in Hong Kong, please contact InvestHK’s Tourism & Hospitality team.
Meetings, Incentives, Conventions and Exhibitions
Located at the heart of Asia with excellent transportation, logistics, tourism and exhibition infrastructure, Hong Kong is perfect for events. MICE accounted for about 1.82 million visitors to Hong Kong in 2014, about 49 percent of these arriving from Mainland China.
Hong Kong offers visa-free entry to visitors from over 170 countries. It boasts a wide variety of pre- and post-event itineraries and is the ideal location for business and leisure visitors. As Asian markets continue to grow, the opportunity is ripe to offer Asian versions of established trade or consumer shows.
The best way to get information on Hong Kong’s dynamic MICE sector is to contact InvestHK’s Tourism & Hospitality team.
Hong Kong’s strategic location in the heart of Asia and its proximity to Mainland China provide excellent potential to capture the growth in the Asia Pacific cruise market. It is a popular cruise destination in its own right and the ideal starting point for itineraries covering Mainland China and Asia Pacific. The opening of Kai Tak Cruise Terminal in 2013 consolidates Hong Kong’s position as leading cruise hub in the region. Hong Kong also boasts excellent connectivity with a magnificent natural harbour that is deep enough for cruise liners and has no air draft limit, plus a world-class airport, which is ideal for fly-cruise passengers.
InvestHK has helped cruise operators set up their Asian headquarters in Hong Kong. To find out more, contact the Tourism & Hospitality team.
- Asia’s most popular city destination with 59.3 million visitors in 2015
- An aviation hub with 100 airlines operating 1,100 flights a day
- Hong Kong named as the "Best City for Business Events" in the 2015 CEI Industry Survey
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