Hong Kong's tourism industry
Growth in Hong Kong's inbound tourism eased in 2014. The slowdown continued and was more pronounced in the first half of 2015 as a result of slower Mainland visitor arrivals during the period. Yet other popular tourist
destinations such as Japan and Europe have seen increased inflow of Mainland visitors, possibly because of their relaxed visa requirement and/or local currency depreciation against the US dollar.
The recent setback in local inbound tourism reinforces the need for Hong Kong to diversify its tourism source markets and product offerings. There are suggestions that Hong Kong should develop more tourist attractions, introduce effective measures to attract more business visitors and enable further growth of the cruise tourism.
Hong Kong has seen very few well-received new tourist spots coming on stream after the opening of the Hong Kong Disneyland in 2005. On business travel, Hong Kong faces keen competition from other Asian cities which have implemented more proactive measures to develop themselves as a business travel destination.
As to cruise tourism, Singapore and Shanghai are, geographically speaking, the more preferred home ports for Southeast Asia and Northeast Asia itineraries respectively. For the development of port-of-call business, Hong Kong lacks new tourist attractions and its Kai Tak Cruise Terminal is lagging behind in passenger-friendly transport infrastructure.
The subject of tourism falls within the policy areas of the Panel on Economic Development.
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Published: 5 August 2015
By: Research Office - Legislative Council Secretariat (Hong Kong)