Research report

Hong Kong MICE Tourism Market - Trips & Spending to 2021

Format : Pdf

Publish Date: 03rd October 2016

Pages: 76

The research report titled "Hong Kong MICE Tourism Market - Trips & Spending to 2021" provides detailed information on the Hong Kong MICE Tourism Market. This report analyzes market data and provides a better understanding of MICE travelers flows and revenue to Hong Kong. Market outlook in value terms for the forecasted period for Hong Kong MICE Tourism market has been detailed in the report. This report also entails a detailed description of growth drivers and challenges of the Hong Kong MICE Tourism Market.

 

Hong Kong MICE Tourism market is projected to reach more than US$ 2.5 Billion by the end of 2021 growing at a CAGR of around XX% from 2016 to 2021.


Hong Kong is one of the world’s top MICE (Meetings, Incentives, Conventions & Exhibitions) destinations. Hong Kong's strategic location, together with its vibrant cosmopolitan lifestyle, newly added and more sophisticated infrastructure, world class hospitality and superb professional services, have made the city an ideal location for meetings, incentives, conventions, and events (MICE) tourism.  The MICE tourists increase was contributed by a number of large–scale conventions and exhibition programs with unprecedented numbers of participants. MICE organizers have been attracted by the growth of the mainland economy and favorable exchange rates, with the greatest increase coming from those visiting from short–haul markets – particularly Mainland China. The Government is committed to enhancing the appeal of Hong Kong as an ideal MICE (Meetings, Incentive travels, Conventions and Exhibitions) destination in Asia.


Hong Kong MICE Tourism Arrivals Insights


Chinese Mainland is the largest source market for Hong Kong MICE tourism. South and Southeast Asia is the second leading source market for Hong Kong MICE tourism. Europe, Africa and The Middle East stands at the third spot with XX% share of the Hong Kong MICE tourist arrivals. North Asia and The Americas holds the fourth and fifth highest share of the Hong Kong MICE tourist arrivals, being followed by Taiwan. Australia, New Zealand and S. Pacific and Macau SAR are the other leading source market for Hong Kong MICE tourism.


Hong Kong MICE Tourism Spending Insights


In terms of spending by the MICE tourists in Hong Kong, Mainland China is the leader with more than 50% of spending in 2015. Mainland China MICE tourists spending share in Hong Kong is higher than the combined share of the top 7 regions. Mainland China is likely to maintain dominance in Hong Kong MICE tourists spending by the year end of 2021.  South and Southeast Asia spot at second position in the spending share with XX% share in 2015.


The research report titled "Hong Kong MICE Tourism Market - Trips & Spending to 2021" provides detailed information on the Hong Kong MICE Tourism Market. This report analyzes market data and provides a better understanding of MICE travelers flows and revenue to Hong Kong. Market outlook in value terms for the forecasted period for Hong Kong MICE Tourism market has been detailed in the report. This report also entails a detailed description of growth drivers and challenges of the Hong Kong MICE Tourism Market.


All the regions in the report has been studied from 2 view points


1.    Hong Kong MICE Tourists Arrival - Region Wise Analysis (2008 - 2021)

2.    Hong Kong MICE Tourists Spending - Region Wise Analysis (2008 - 2021)


Hong Kong MICE Tourists Arrival, Spending - 8 Regions Covered


1.    Chinese Mainland

2.    South and Southeast Asia

3.    Europe, Africa and The Middle East

4.    The Americas

5.    North Asia

6.    Taiwan

7.    Australia, New Zealand and S. Pacific

8.    Macau SAR


Research Methodology


DPI Research’s team of researchers and analysts use a variety of research sources for making a report. Most of the data – information and statistics – for our products is gathered using the secondary research by in–house team of researchers. The main objective of DPI Research’s secondary research exercise is to exhaust all sources of published information including websites of government agencies, consumer and trade associations, annual reports and accounts of companies, news articles from well–known publications and online databases like Factiva, OneSource, Thomson, Hoovers, etc. The data thus gathered is send to our team of analysts who verify that data and look for research gaps. These gaps are filled through primary research, that is, our analysts gain information from various agencies, associations and companies using customer surveys, telephonic and email interviews, etc. Finally, all the information collected using secondary and primary research is analysed and synthesized by our analysts and is presented in a report.


Industry information and data for this report has been sourced through numerous channels including publically available information from companies’ and industry association websites. For industry sizing, segmentation and trends, apart from desk research, we have contacted industry experts and executives from various companies.


Market forecasts are done using statistical forecasting techniques based on historic performance. Statistical tools are further supplemented with qualitative parameters like industry expectation, economic drivers, new product development, customer surveys, ongoing research, etc.


All the information gathered was then analysed and synthesized by in–house team of analysts.


1. Executive Summary

2. Competitive Analysis of Major Asian MICE Destination

3. Hong Kong MICE Tourists Arrival, Market and Forecast (2008 – 2021) 
3.1 Hong Kong MICE Tourists Arrival and Forecast
3.2 Hong Kong MICE Tourism Market and Forecast

4. Hong Kong MICE Tourists Arrival, Market Share and Forecast (2008 – 2021) 
4.1 Hong Kong MICE Tourists Arrival Share and Forecast (2008 – 2021) 
4.2 Hong Kong MICE Tourists Market Share and Forecast (2008 – 2021) 

5. Hong Kong MICE Tourists Arrival, Spending and Forecast – Top 8 Regional Analysis (2008 – 2021) 

5.1 Chinese Mainland – MICE Tourists Arrival, Spending and Forecast (2008 – 2021) 
5.1.1 Chinese Mainland – MICE Tourists Arrival and Forecast
5.1.2 Chinese Mainland – MICE Tourists Spending and Forecast

5.2 South and Southeast Asia – MICE Tourists Arrival, Spending and Forecast (2008 – 2021) 
5.2.1 South and Southeast Asia – MICE Tourists Arrival and Forecast
5.2.2 4.2.2 South and Southeast Asia – MICE Tourists Spending and Forecast

5.3 Europe, Africa and The Middle East – MICE Tourists Arrival, Spending and Forecast (2008 – 2021) 
5.3.1 Europe, Africa and The Middle East – MICE Tourists Arrival and Forecast
5.3.2 Europe, Africa and The Middle East – MICE Tourists Spending and Forecast

5.4 The Americas – MICE Tourists Arrival, Spending and Forecast (2008 – 2021) 
5.4.1 The Americas – MICE Tourists Arrival and Forecast
5.4.2 The Americas – MICE Tourists Spending and Forecast

5.5 North Asia – MICE Tourists Arrival, Spending and Forecast (2008 – 2021) 
5.5.1 North Asia – MICE Tourists Arrival and Forecast
5.5.2 North Asia – MICE Tourists Spending and Forecast

5.6 Taiwan – MICE Tourists Arrival, Spending and Forecast (2008 – 2021) 
5.6.1 Taiwan – MICE Tourists Arrival and Forecast
5.6.2 Taiwan – MICE Tourists Spending and Forecast

5.7 Australia, New Zealand and S. Pacific – MICE Tourists Arrival, Spending and Forecast (2008 – 2021) 
5.7.1 Australia, New Zealand and S. Pacific – MICE Tourists Arrival and Forecast
5.7.2 Australia, New Zealand and S. Pacific – MICE Tourists Spending and Forecast

5.8 Macau SAR – MICE Tourists Arrival, Spending and Forecast (2008 – 2021) 
5.8.1 Macau SAR – MICE Tourists Arrival and Forecast
5.8.2 Macau SAR – MICE Tourists Spending and Forecast

6. Hong Kong MICE Tourism Market – Driving Factors

6.1 Strengthen Trade Support and Generate New Business Opportunities through Partnership
6.2 HKTBs Key Strategies for Various MICE Segments Will Boost Market Growth
6.3 Digital Marketing Fuel the Growth of Hong Kong MICE Tourism

7. Hong Kong MICE Tourism Market – Challenges

7.1 Increasingly Ferocious Regional Competition
7.2 Continued Uncertainties in the Global Economy

List of Tables:

Table 2 1: Competitive Analysis of Major Asian MICE Destination

Table 4 1: Hong Kong –  MICE Tourists Arrival Share(Percent),2008 – 2015
Table 4 2: Hong Kong –  Forecast for MICE Tourists Arrival Share(Percent),2016 – 2021
Table 4 3: Hong Kong – MICE Tourism Market Share(Percent),2008 – 2015
Table 4 4: Hong Kong – Forecast for MICE Tourism Market Share(Percent),2016 – 2021

Table 5 1: Chinese Mainland – MICE Average Spending,2008 – 2015
Table 5 2: South & Southeast Asia – MICE Average Spending,2008 – 2015
Table 5 3: Europe, Africa and The Middle East – MICE Average Spending,2008 – 2015
Table 5 4: The Americas – MICE Average Spending,2008 – 2015
Table 5 5: North Asia – MICE Average Spending,2008 – 2015
Table 5 6: Taiwan – MICE Average Spending,2008 – 2015
Table 5 7: Australia, New Zealand and S. Pacific – MICE Average Spending,2008 – 2015
Table 5 8: MACAU SAR – MICE Average Spending,2008 – 2015

List of Figures:

Figure 2–1: Hong Kong – MICE Tourists Arrival (Thousand), 2008 – 2015
Figure 2–2: Hong Kong – Forecast for MICE Tourists Arrival (Thousand), 2016 – 2021
Figure 2–3: Hong Kong – MICE Tourism Market (Million US$), 2008 – 2015
Figure 2–4: Hong Kong – Forecast for MICE Tourism Market (Million US$), 2016 – 2021

Figure 4–1: Hong Kong – Chinese Mainland MICE Tourists Arrival (Number), 2008 – 2015
Figure 4–2: Hong Kong – Forecast for Chinese Mainland MICE Tourists Arrival (Number), 2016 – 2021
Figure 4–3: Hong Kong – Chinese Mainland MICE Tourists Spending (Million US$), 2008 – 2015
Figure 4–4:Hong Kong – Forecast for Chinese Mainland MICE Tourists Spending (Million US$), 2016 – 2021
Figure 4–5: Hong Kong – South and Southeast Asia MICE Tourists Arrival (Number), 2008 – 2015
Figure 4–6: Hong Kong – Forecast for South and Southeast Asia MICE Tourists Arrival (Number), 2016 – 2021
Figure 4–7: Hong Kong – South and Southeast Asia MICE Tourists Spending (Million US$), 2008 – 2015
Figure 4–8: Hong Kong – Forecast for South and Southeast Asia MICE Tourists Spending (Million US$), 2016 – 2021
Figure 4–9: Hong Kong – Europe, Africa and The Middle East MICE Tourists Arrival (Number), 2008 – 2015
Figure 4–10: Hong Kong – Forecast for Europe, Africa and The Middle East MICE Tourists Arrival (Number), 2016 – 2021
Figure 4–11: Hong Kong – Europe, Africa and The Middle East MICE Tourists Spending (Million US$), 2008 – 2015
Figure 4–12: Hong Kong – Forecast for Europe, Africa and The Middle East MICE Tourists Spending (Million US$), 2016 – 2021
Figure 4–13: Hong Kong – The Americas MICE Tourists Arrival (Number), 2008 – 2015
Figure 4–14: Hong Kong – Forecast for The Americas MICE Tourists Arrival (Number), 2016 – 2021
Figure 4–15: Hong Kong – The Americas MICE Tourists Spending (Million US$), 2010 – 2015
Figure 4–16: Hong Kong – Forecast for The Americas MICE Tourists Spending (Million US$), 2016 – 2021
Figure 4–17: Hong Kong – North Asia MICE Tourists Arrival (Number), 2008 – 2015
Figure 4–18: Hong Kong – Forecast for North Asia MICE Tourists Arrival (Number), 2016 – 2021
Figure 4–19: Hong Kong – North Asia MICE Tourists Spending (Million US$), 2008 – 2015
Figure 4–20: Hong Kong – Forecast for North Asia MICE Tourists Spending (Million US$), 2016 – 2021
Figure 4–21: Hong Kong – Taiwan MICE Tourists Arrival (Number), 2008 – 2015
Figure 4–22: Hong Kong – Forecast for Taiwan MICE Tourists Arrival (Number), 2016 – 2021
Figure 4–23: Hong Kong – Taiwan MICE Tourists Spending (Million US$), 2008 – 2015
Figure 4–24: Hong Kong – Forecast for Taiwan MICE Tourists Spending (Million US$), 2016 – 2021
Figure 4–25: Hong Kong – Australia, New Zealand and S. Pacific MICE Tourists Arrival (Number), 2008 – 2015
Figure 4–26: Hong Kong – Forecast for Australia, New Zealand and S. Pacific MICE Tourists Arrival (Number), 2016 – 2021
Figure 4–27: Hong Kong – Australia, New Zealand and S. Pacific MICE Tourists Spending (Million US$), 2008 – 2015
Figure 4–28: Hong Kong – Forecast for Australia, New Zealand and S. Pacific MICE Tourists Spending (Million US$), 2016 – 2021
Figure 4–29: Hong Kong – Macau SAR MICE Tourists Arrival (Number), 2008 – 2015
Figure 4–30: Hong Kong – Forecast for Macau SAR MICE Tourists Arrival (Number), 2016 – 2021
Figure 4–31: Hong Kong – Macau SAR MICE Tourists Spending (Million US$), 2008 – 2015
Figure 4–32: Hong Kong – Forecast for Macau SAR MICE Tourists Spending (Million US$), 2016 – 2021 

 

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