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Main Consumer Goods & Retail Retailing Hotels In Hong Kong: A Market Analysis
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Hotels In Hong Kong: A Market Analysis

DateJan, 2001
Pages111
Price / format€704 / Hard Copy
€704 / Electronic

€704 

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Abstract:
 This updated report on the hotel industry in Hong Kong is part of the China Contact Market Research report series. The report covers the market and current state of recovery of the hotel sector in Hong Kong. The report covers occupancy rates, hotel revenues, major domestic and foreign chains, new players and forecasts to 2005.
The key facts of the report are:
-Reductions in room rates of 70-80% were not uncommon in late 1997 and 1998 as witness by the falling number of visitors and occupancy levels. Consequently, hoteliers have seen their revenues slashed in 1998. Hong Kong has 86 hotels with a total of 33,975 rooms.
-Despite higher occupancy levels in 1999 room charges have seen little growth. Room rates appear to have at least stabilised and are expected to hold steady in 2000 though not to return to pre-1997 levels.
-The surge in visitor arrivals at the end of 1999 resulted in a 3% increase in average room rates to HK$841 per night in October 1999. Demand for high-tariff B hotels was particularly strong.
-In 1999 the level of total guest billings was HK$19,231 million, a decline of 12.1% over 1995. However, the industry has recovered somewhat from the recession with the decline down from 5.1% in 1998 over 1997
The core contents of the report are:
-The total market for hotels by hotel bill values and hotel expenditure as a component of total tourism spending.

-Total hotel capacity in terms of room numbers and by grade.

-Occupancy rates in total and by grade.

-Hotel occupancy duration times and average length of stay.

-Room rate data.

-Wages and staffing in the hotel industry

-Issues affecting the market including new players.

-Advertising and marketing trends within the industry.

-SWOT analysis on Hong Kong’s hotel market.

-Profiles of the major companies involved in Hong Kong’s hotel market.

-Full forecasts 2001-2005
Company Coverage
Asia Standard Hotels

CDL Hotels International

Century International Hotels

Chinachem Group

Choice International

Conrad Hotels

Emerald Hotels International

Far East Consortium

Far East Hotels & Entertainment

Golden Tulip Worldwide

Grand Hotel Holdings

Great Eagle Holdings

Guangdong International Hotels

Hilton International

HLM Ltd

Holiday Inn

Hong Kong & Shanghai Hotels

Hong Kong Ferry

Hong Kong International Airport

Hong Kong Mass Transit Railway Corporation

Hutchison Whampoa

Hyatt Corporation

Inter-Continental

Lai Sun Hotels

Mandarin Oriental

Marriot International

Millennium & Copthorne

Miramar Hotel & Investment Company

New World Development

Nikko

Ramada International

Regal Hotels

Renaissance Hotels

Ritz-Carlton Hotels

Shangri-La Asia

Shun Tak

SRS Worldhotels

Stanford Hotels

Starwood Hotels & Resorts

Summit International

Sun Hung Kai Properties

Wharf Holdings

Windsor Hotels








Introduction

In the years prior to the hand-back to China, hotel room rates, flights and the cost of visiting rose to astronomical levels. Room rates may have since been slashed and two-for-one flight promotions run, but the image of Hong Kong as an expensive destination is fixed in many potential visitors’ minds.
In 1999, hotel prices across Asia began to rise again as the region recovered from the economic crisis of 1997/1998. South Korea, Japan and Taiwan saw room rates rise by 32%, 38% and 30% in 1999 over 1998 in Euro terms. However, China and Hong Kong both saw continued falls in room rates, by 31.5% in Euro terms, though stabilised in mid-1999 and saw a slight recovery by year’s end. The cheapest Asian countries in 1999 were Malaysia and Kyrgyzstan.
By the latter half of 1999, room rates in Hong Kong were stabilising and occupancy rates creeping up again. Though the industry has taken a bruising in the last few years the reality remains that hotels are property and property remains a major investment and asset in Hong Kong. In 2000, both room rates and occupancy were almost back to pre-1997 levels.
There are also several bright spots on the horizon for Hong Kong’s hoteliers. Tourism numbers are climbing again while the Disney project is now going ahead. However, on the other hand, some claim that Hong Kong will be overshadowed by the rapidly emerging Hong Kong.






Table of contents:
 Introduction

Definitions & Report Coverage
1 Market Background

1.1 Fast Facts

1.2 Exchange Rates

Table 1.1 Average Annual Exchange Rates Between Hk$, Rmb & Us$ 1994-2000

1.3 Areas Of Hong Kong

1.4 Demographics

1.4.1 Demographics: Total Population

Table 1.2 Total Population 1994-2000

1.4.2 Demographics: Population By Area

Table 1.3 Population By Area And Percentage Breakdown 1994-2000

1.4.3 Demographics: Population Density

1.4.4 Demographics: New Towns

Tsuen Wan New Town

Tuen Mun

Tai Po

Fanling/Sheung Shui

Yuen Long

Tsueng Kwan O

1.4.5 Demographics: Population By Gender & Age

Table 1.4 Total Population By Gender And Age Group 2000

1.4.6 Demographics: Population By Age

Table 1.5 Total Population By Age Group 2000

1.4.7 Demographics: Population By Ethnic Group

Table 1.6 Total Population By Ethnic Group 2000*

1.4.8 Demographics: Labour Force

Table 1.7 Total Labour Force By Gender And Unemployment Rate 1994-2000

1.5 Consumer Wealth

1.5.1 Consumer Wealth: Gdp

Table 1.7 Gdp And Cost Of Living Index 1994-2000

1.5.2 Consumer Wealth: Per Capita Gdp

Table 1.8 Per Capita Gdp At Current Prices 1994-2000

1.5.3 Consumer Wealth: Consumer Price Indices

Table 1.9 Composite Consumer Price Index 1995-2000

1.6 Households

1.6.1 Households: Total Households By Size

Table 1.10 Number Of Households By Size 1994-2000

1.6.2 Households: Total Households By Monthly Income

Table 1.11 Household Income 1997

1.7 Consumer Trends

1.7.1 Consumer Trends: Broad Consumer Trends

1.7.2 Consumer Trends: Consumer Responses To The Economic Crisis

1.7.3 Consumer Trends: Tourism

1.7.4 Consumer Trends: Entertainment

1.7.5 Consumer Trends: Retailing

1.7.6 Consumer Trends: Economic Trends

1.8 Consumer Market

1.8.1 Consumer Market: Consumer Spending Trends

Table 1.12 Consumer Expenditure By Broad Sector At Current Prices 1994-2000

1.8.2 Consumer Market: Retail Sales And Consumer Spending

Table 1.13 Retail Sales As A Proportion Of Consumer Expenditure 1994-2000
2 The Hotel Market

2.1 The Total Market

2.1.1 Total Market: Total Market Size By Hotel Bill Values

Table 2.1 The Value Of The Hotel Market By Guest Billings 1996-2000

2.1.2 Total Market: Hotel Expenditure As A Component Of Total Tourist Spending

Table 2.2 Tourist Expenditure By Category 2000

2.1.3 Total Market: Available Rooms

Table 2.3 Hotel Room Numbers 1994-1999

2.1.4 Total Market: Hotel Occupancy Rates

Table 2.4 Average Hotel Room Occupancy Rates 1996-2000

2.1.5 Total Market: Hotel Occupancy Duration

Table 2.5 Average Length Of Stay By Visitors 1995-1999

2.1.6 Total Market: Employment

Table 2.6 The Number Of Employees & Establishment In Hong Kong's Wholesale, Retail, Restaurant & Hotel Trade 2000

2.1.7 Total Market: Hotel Staff Wages

Table 2.7 Average Wages For Hotel Employees In Hong Kong 2000

2.2 Room Rates

Table 2.8 Room Rates For Selected Hong Kong Hotels December 1999-September 2001

2.3 Outlook

2.3.1 Outlook: Forecast Trends

2.3.2 Outlook: Total Market Size

Table 2.9 Forecast Value Of The Hotel Market By Guest Billings 2001-2005

Table 2.10 Forecast Average Daily Room Rates 2001-2005

Table 2.11 Forecast Average Hotel Room Occupancy Rates 2001-2005
3 New Players

3.1 Chinachem Group

3.2 Choice International

Table 3.1 Choice Hotels: Financial Results 1999/2000*

3.3 Emerald Hotels International

3.4 Four Seasons Hotels & Resorts Inc.

3.4.1 Four Seasons Hotels: Company Details

3.4.2 Four Seasons Hotels: Company Background & Hong Kong Activities

Table 3.2 Four Seasons Hotels & Resorts: Financial Results 1999/2000*

3.5 Hong Kong Airport Authority

3.5.1 Hong Kong Airport Authority: Company Details

3.5.2 Hong Kong Airport Authority: Company Background

3.5.3 Hong Kong Airport Authority: Financial Results

Table 3.3 Hkaa: Financial Results 1998/1999

3.5.4 Hong Kong Airport Authority: Future Strategy

3.6 Hong Kong Mass Transit Railway Corporation
4 Marketing

4.1 Trends

4.2 Consumer Profile

4.2.1 Consumer Profile: Total Arrivals

Table 4.1 Total Tourist Arrivals To Hong Kong 1996-2000

4.2.2 Consumer Profile: Arrivals By Country Of Origin

Table 4.2 The Market For Tourism Hong Kong By Arrivals 1996-2000

4.2.3 Consumer Profile: Analysis By Country Of Origin

Table 4.3 Percentage Breakdown Of The Market For Tourist Arrivals In Hong Kong By Nationality 1996-2000
5 Swot Analysis

5.1 Strengths

5.2 Weaknesses

5.3 Opportunities

5.4 Threats
6 Company Profiles

6.1 Asia Standard Hotels Group

6.2 Century International Hotels

6.2.1 Century: Company Details

6.2.2 Century: Company Background

6.2.3 Century: Hong Kong Activities

6.3 Conrad International

6.4 Far East Consortium

6.4.1 Far East Consortium: Company Details

6.4.2 Far East Consortium: Company Background

6.5 Far East Hotels & Entertainment

Table 6.1 Far East Hotels And Entertainment: Financial Results 1998/1999*

6.6 Golden Tulip Worldwide

6.6.1 Golden Tulip Worldwide: Company Details

6.6.2 Golden Tulip Worldwide: Company Background & Hong Kong Activities

6.7 Grand Hotel Holdings Ltd

6.7.1 Grand Hotels: Company Details

6.7.2 Grand Hotels: Company Background

6.7.3 Grand Hotels: Hong Kong Hotel Activities

6.7.4 Grand Hotels: Financial Results

Table 6.2 Grand Hotels: Financial Results 1998/1999*

6.8 Great Eagle Holdings Ltd

6.8.1 Great Eagle: Company Details

6.8.2 Great Eagle: Company Background

6.8.3 Great Eagle: Hong Kong Hotel Activities

6.8.4 Great Eagle: Financial Results

Table 6.3 Great Eagle Holdings: Financial Results 1998/1999*

Table 6.4 Great Eagle Holdings: Interim Financial Results 1999/2000*

6.9 Guangdong (International) Hotel Management Ltd

6.9.1 Gd Hotels: Company Details

6.9.2 Gd Hotels: Company Background

6.9.3 Gd Hotels: Hong Kong Activities

6.10 Hilton International

6.10.1 Hilton Hotels: Company Details

6.10.2 Hilton Hotels: Company Background

6.10.3 Hilton Hotels: Hong Kong Activities

6.10.4 Hilton Hotels: Financial Results

Table 6.5 Hilton Hotels Corporation: Financial Results 1999/2000*

6.10.5 Hilton Hotels: Future Strategy

6.11 Hlm Ltd

6.12 Holiday Inn

6.12.1 Holiday Inn: Company Details

Hq Address: 20 North Audley Street, London W1y 1we, Uk

6.12.2 Holiday Inn: Company Background

6.13 Hong Kong & Shanghai Hotels

6.13.1 Hong Kong & Shanghai Hotels: Company Details

6.13.2 Hong Kong & Shanghai Hotels: Company Background

6.13.3 Hong Kong & Shanghai Hotels: Hong Kong Hotel Activities

6.13.4 Hong Kong & Shanghai Hotels: Financial Results

Table 6.6 Hong Kong & Shanghai Hotels: Financial Results 1999/2000*

6.13.5 Hong Kong & Shanghai Hotels: Future Strategy

6.14 Hong Kong Ferry

6.14.1 Hong Kong Ferry: Company Details

6.14.2 Hong Kong Ferry: Company Background

6.14.3 Hong Kong Ferry: Hong Kong & Yaumatai Ferry

6.14.4 Hong Kong Ferry: Hyfco Travel Agency Limited

6.14.5 Hong Kong Ferry: Financial Results

Table 6.7 Hong Kong Ferry (Holdings) Co Ltd: Financial Results 1998/1999

6.14.6 Hong Kong Ferry: Future Strategy

6.15 Hutchison Whampoa

6.15.1 Hutchison Whampoa: Company Details

6.15.2 Hutchison Whampoa: Company Background

6.15.3 Sheraton Hong Kong Hotel & Towers

6.15.4 Harbour Plaza Hong Kong

6.15.5 Harbour Plaza Resort City

6.15.6 Hutchison Whampoa: Financial Results

Table 6.8 Hutchison Whampoa: Financial Results 1999/2000*

6.16 Hyatt Corporation

6.16.1 Hyatt Corporation: Company Details

6.16.2 Hyatt Corporation: Company Background

6.16.3 Hyatt Corporation: Hong Kong Activities

6.17 Inter-Continental Hotels & Resorts

6.17.1 Inter-Continental: Company Details

6.17.2 Inter-Continental: Company Background

6.17.3 Inter-Continental: Hong Kong Activities

6.18 Lai Sun Hotels International Ltd

6.18.1 Lai Sun Hotels: Company Details

6.18.2 Lai Sun Hotels: Company Background & Hotel Activities

6.18.3 Lai Sun Hotels: Financial Results

Table 6.9 Lai Sun Garment: Financial Results 1999/2000*

6.18.4 Lai Sun Hotels: Future Strategy

6.19 Mandarin Oriental International Ltd

6.19.1 Mandarin Oriental: Company Details

6.19.2 Mandarin Oriental: Company Background & Hotel Activities

6.19.3 Mandarin Oriental: Hong Kong Hotel Activities

6.19.4 Mandarin Oriental: Financial Results

Table 6.10 Mandarin Oriental International: Financial Results 1999/2000*

6.19.5 Mandarin Oriental: Future Strategy

6.20 Marriot International Hotel Group Inc.

6.20.1 Marriot: Company Details

6.20.2 Marriot: Company Background

Table 6.11 Marriot International: Financial Results 1999/2000*

6.20.3 Marriot: Hong Kong Hotel Activities

6.21 Millennium & Copthorne Hotels Plc

6.21.1 M&C: Company Details

6.21.2 M&C: Company Background

Table 6.12 Millennium & Copthorne Hotels: Financial Results 1998/1999*

6.21.3 M&C: Hong Kong Activities

6.22 Miramar Hotel & Investment Company Ltd

6.22.1 Miramar Hotel: Company Details

6.22.2 Miramar Hotel: Company Background

Table 6.13 Miramar Hotel & Investment Company: Financial Results 1998/2000*

6.22.3 Miramar Hotel: Hotel Activities In Hong Kong

6.23 New World Development Company Ltd

6.23.1 New World Development: Company Details

6.23.2 New World Development: Company Background & Hotel Activities

6.23.3 New World Development: Financial Results

Table 6.14 New World Development: Financial Results 1998/1999*

Table 6.15 New World Development: Hotel & Restaurant Operations Results 1998/1999

Table 6.16 New World Development: Interim Financial Results 1999/2000*

6.23.4 New World Development: Future Strategy

6.24 Nikko Hotels

6.24.1 Nikko Hotels International: Company Details

6.24.2 Nikko Hotels International: Company Background

6.24.3 Nikko Hotels International: Hong Kong Hotel Activities

6.25 Ramada International Hotels

6.25.1 Ramada International: Company Details

6.25.2 Ramada International: Company Background & Hong Kong Activities

6.26 Regal Hotels International

6.26.1 Regal International Hotels: Company Details

6.26.2 Regal Hotels: Company Background

6.26.3 Regal Hotels: Hong Kong Hotel Activity

6.26.4 Regal Hotels: Financial Summary

Table 6.17 Regal Hotels: Interim Financial Results 1999/2000*

6.26.5 Regal Hotels: Future Strategy

6.27 Renaissance Hotels & Resorts

6.28 Ritz-Carlton Hotels Llc

6.28.1 Ritz Carlton Hotels: Company Details & Background

6.28.2 Ritz Carlton Hotels: Hong Kong Activities

6.29 Shangri-La Asia Limited

6.29.1 Shangri-La: Company Details

6.29.2 Shangri-La: Company Background

Table 6.18 Shangri La Asia: Financial Results 1999/2000*

6.29.3 Shangri-La: Hong Kong Hotel Activity

6.30 Sun Hung Kai Properties Ltd (Shkp)

6.30.1 Shkp: Company Details

6.30.2 Shkp: Company Background & Hong Kong Hotel Activities

6.30.3 Shkp: Financial Results

Table 6.19 Shkp: Financial Results 1998/1999

Table 6.20 Shkp: Turnover By Division 1998/1999

6.30.4 Shkp: Future Strategy

6.31 Srs-Worldhotels

6.32 Stanford Hotels International

6.33 Starwood Hotels & Resorts Worldwide Inc

6.33.1 Starwood: Company Details

6.33.2 Starwood: Company Background

6.33.3 Starwood: Hong Kong-Related Activities

6.33.4 Starwood: Financial Summary

Table 6.21 Starwood Hotels & Resorts: Financial Results 1999/2000*

6.33.5 Starwood: Future Strategy

6.34 Summit International Hotels

6.35 Wharf Holdings Ltd

6.35.1 Wharf Holdings: Company Details

6.35.2 Wharf Holdings: Company Background

6.35.3 Wharf Holdings: Hong Kong Hotel Activities

6.35.4 Wharf Holdings: Financial Results

Table 6.22 Wharf Holdings: Financial Results 1999/2000*

6.36 Windsor Hotels International

6.36.1 Windsor Hotels International: Company Details

6.36.2 Windsor Hotels International: Company Background & Hong Kong Hotel Activities
7 Contacts

7.1 Trade Organisations

7.1.1 Hong Kong Trade Development Council

7.1.2 Hong Kong General Chamber Of Commerce

7.1.3 Hong Kong Consumer Council

7.1.4 Hong Kong Hotels Association

7.1.5 International Hotel & Restaurant Association

7.2 Government Departments

7.2.1 Hong Kong Tourist Association (Hkta)

7.2.2 Hong Kong Trade Department

7.2.3 Hong Kong Customs & Excise

7.2.4 Hong Kong Department Of Health & Hygiene










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