Hong Kong visitor arrivals were driven by mainland Chinese visitors, while greater China faces a headwind.
The Hong Kong market continues to make waves for its outstanding occupancy performance year after year. Owners are exuberant when hotel management fills their properties. But is it really a time to bask in glory?
The HVS Executive Search Hong Kong office announced promotions for Chris Anklin, Scott Chiesa and Debbie Ma.
Discussed in this update:
• Tourism trends for Hong Kong, Macau, PR China and Taiwan
• Individual Hotel Market Performances
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Tourism is a unique industry. It can effectively create its own demand through the creation of attractions and provision of supporting infrastructure, following the "build it and they will come" approach.
Asian resort destinations offer alternative investment opportunities to Hong Kong and Singapore.