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Industrial Investment Author of this article: Zhihui 2016-05-11
The Hong Kong hotel market performance was sluggish in 2015,The overall market performance is worrying。According to Xinhua News Agency,The Chief Executive of the Hong Kong SAR proposed tightening the policy of free travel to Hong Kong in 2015,Added another barrier between Hong Kong and the Mainland。
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The Hong Kong hotel market performance was sluggish in 2015,The overall market performance is worrying。According to Xinhua News Agency,The Chief Executive of the Hong Kong SAR proposed tightening the policy of free travel to Hong Kong in 2015,Added another barrier between Hong Kong and the Mainland。

According to STR statistics,Income per available room decreased year-on-year in 2015 -12.6% (in local currency),Double indicators of occupancy rate and average room rate declined,Presented separately-3.1% and -9.8% year-on-year decrease in local currency -10.3%。

Hong Kong hotels of all categories showed a decline in occupancy rates and average room rates in 2015。Hotels in high-end and below categories,Average house prices fell 188bet Online Sports Betting and Casino by more than 10% 。Weekend occupancy and room rates have been severely affected。

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When looking at the trend of RevPAR in the 7 days before the Spring Festival holiday and the 7 days after the Spring Festival holiday,STR data display,During the Spring Festival holiday in 2015,Revenue per available room decreased compared to the same period last year-18.2%。2016 Spring Festival,Revenue per available room continues to decline,Revenue per available room decreased by 15% year-on-year.5,%,The holidays did not bring more revenue points to Hong Kong hotels。

Excerpted from a report in the South China Morning Post,In the past, the number of luxury shopping tourists from mainland China to Hong Kong has begun to decrease year by year,Shopping in other countries can also satisfy tourists,At the same time, the lack of tourist facilities in Hong Kong can no longer meet the needs of mainland tourists。As reported by Chinese Ming Pao,The Hong Kong government needs an overall planning solution to address the current trends in Hong Kong’s tourism industry,Hong Kong needs to consider ways other than focusing on retail to help Hong Kong’s tourism industry thrive again。

After entering 2016,Hong Kong still continues the main theme of declining performance。The occupancy rate in March this year fell slightly compared with the same period last year-0.2%,The average house price is still falling significantly,Present-10.1% year-on-year decrease,Revenue per available room decreased year-on-year -10.3%。

Since 2012,House prices have dropped by HK$250,So it will be difficult to return to the level of 2012 before 2019。Hong Kong must resume higher growth,It will take some time。For future market trends,STR and Tourism Economics forecast,Hong Kong’s revenue per available room will show a 4% year-on-year increase by the end of 2016。

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