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Recently released market study: Hong Kong Tourism Report Q4 2010

New Consumer Goods research report from Business Monitor International is now available from Fast Market Research

 
PRLog - Oct. 30, 2010 - Hong Kong arrivals data for 2010 has remained robust until July (the most recent data available), with a total of 19,992,810 visitors over the first seven months of the year, an increase of 24.4% year on year (yo- y). July 2010 arrivals (of 3,136,794) were the highest-ever recorded for a single month in Hong Kong. Looking at individual markets, arrivals from China were up by 28.9% over the Jan-Jul period, at 12,499,036, with arrivals from North Asia up by 24.1%, at 1,241,736. Arrivals from South and South East Asia were also strong, up 27.4% y-o-y, at 1,948,855.

BMI already made upwards revisions to our forecasts for 2010 tourist arrivals and tourist expenditure in Q310, so we see no need to make any further changes to our forecasts in Q410. That said, we would caution that there could be an additional upside risk to our 2010 forecasts, given the continued robust nature of arrivals data.

Sino-Japanese tensions to impact on tourism?

Rising tensions between China and Japan - following a collision between a Chinese fishing boat and two Japanese coastguard vessels off the disputed Diaoyu/Senkaku Islands - could have a disruptive impact on tourist flows over the remainder of 2010. In the wake of Japan's decision to detain the trawler captain following the collision in early September 2010, China postponed the planned visit of some 1,000 Japanese schoolchildren to the World Expo in Shanghai. There have also been reports of Chinese citizens and businessmen cancelling planned trips to Japan in the wake of the incident.

Further, China's National Tourism Administration said later in the month that Chinese tourists were showing less willingness to visit Japan, as a result of the trawler captain's continued detention, according to a report on Xinhua. Bilateral tourism flows between China and Japan have been increasing sharply in recent years, with some 1.19mn Chinese tourists having visited Japan over the Jan-Jul 2010 period, up 38% y-o-y. For its part, Japan sent some 746,313 tourists to China, an increase of 16.2% y-o-y.

With the trawler captain due to be released from detention by the Japanese on September 29, having been arrested on charges of illegally fishing in Japanese waters and deliberately causing a collision, it is to be hoped that both sides can move on swiftly from this incident before lasting damage is done to social and cultural ties.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/90287_hong_kong_tourism_report...

Report Table of Contents:

Executive Summary
SWOT Analysis
- Hong Kong Political SWOT
- Hong Kong Economic SWOT
- Hong Kong Business Environment SWOT
Industry Forecast Scenario
- Arrivals
- Table: Arrivals Data, 2007-2014
- Accommodation
- Table: Accommodation Data, 2007-2014
- Expenditure
- Table: Tourism Expenditure & Economic Impact, 2007-2014
- Inbound Tourism
- Table: Inbound Tourism Data, 2007-2014
- Outbound Tourism
- Table: Outbound Tourism Data, 2007-2014
- Meeting China's Tourism Needs
- MICE Travel Soars
- Disneyland Hong Kong
Market Overview - Travel
- Commercial Airlines
- Cruises
- Global Oil Products Price Outlook
- Table: Oil Product Price Data & Forecasts, 2010 (US$/bbl)
- Table: Oil Product Price Data & Forecasts, 2007-2014 (US$/bbl)
Market Overview - Hospitality
- Accommodation
- Accommodation Developments
H5N1 And H1N1 Virus Update
Business Environment Outlook
- Table: Asia Travel & Tourism Business Environment Ratings
- BMI's Security Ratings
- Table: Asia Pacific Regional Security Ratings
- Table: Asia Pacific State Vulnerability To Terrorism Index
- North East Asia Security Overview (to be updated)
Monetary Policy
Global Assumptions
- Table: Global Assumptions, 2009-2014
- Table: Global & Regional Real GDP Growth, 2009-2012
- Table: BMI And Consensus Forecasts, 2010-2011 (%)
- Table: Developed States Real GDP Growth Forecasts, 2009-2012 (%)
- Table: Emerging Markets Aggregate Growth, 2009-2012 (%)
Company Profiles
- Cathay Pacific
- Melco International Development
- Shangri-La
BMI Methodology
- How We Generate Our Industry Forecasts
- Tourism Industry
- Tourism Ratings - Methodology
- Table: Tourism Business Environment Indicators
- Table: Weighting of Components
- Sources

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

# # #

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

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Source:Fast Market Research
Phone:1.800.844.8156
Zip:01267
State/Province:Massachusetts - United States
Industry:Consumer, Services, Entertainment
Tags:arrivals, airline, mice, cathay, Travel, tourist, passenger, meetings, hktb, cargo
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